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Financial Digital Twin / Transformation - Coggle Diagram
Financial Digital Twin / Transformation
Banks
BoFA
Model risks- fraud, cyber attacks
Assess risks
Citi
Improve Supply Chain
Improve CX
GS
New Products
Model/Simulate Potential impact of new product/service
JPMorgan Chase
Monitor Physical Assets
Monitor Risks
Improve CX
HSBC
Imroved CX
Wells Fargo
Fraud Detection
Benefits
Improved Risk Management
Increased Operational Efficiency
Improved Compliance
Enhanced CX
Improved customer relationships
Accelerated Innovation
Custom FICO
Improve Accuracy
Improved competitiveness
Improved Innovativness
Benefits
Accurate scores
Competitive interest rates
Improved Customer Serivce
Reduce costs
Differentiate from competitors
Challenges
Cost
Complexity
Regulation
CO Bank
Benefits
Reduced licensing Fees
Reduced development and maintenance costs
Improved accuracy
Increased diffrentiation
Improved risk management
Enhanced Compliance
Increased customer satisfaction
Increased flexibiltiy