ROStrategy.com

INSIGHTS ¦ Why agents are the next frontier of generative AI

Link Description The document "Why Agents Are the Next Frontier of Generative AI" discusses the evolving role of generative AI (gen AI), specifically focusing on AI-enabled agents that can handle complex workflows independently. It explores how AI agents will transition from knowledge-based systems to action-based solutions, capable of completing multistep tasks across digital platforms. The report outlines the potential benefits of AI agents for enhancing productivity, collaboration, and innovation across industries, while addressing the challenges and risks involved in adopting… Read more

INSIGHTS ¦ 2024 IT Risk and Compliance Benchmark Report

Link Description The "2024 IT Risk and Compliance Benchmark Report" provides a detailed analysis of the evolving governance, risk, and compliance (GRC) landscape, focusing on how organisations are managing IT risks and compliance challenges. It discusses trends such as the unification of risk and compliance functions, the impact of artificial intelligence (AI) on risk management, and the shift toward integrated, automated GRC tools. The report also highlights how companies are navigating increasing regulatory scrutiny, cybersecurity risks, and the adoption of… Read more

INSIGHTS ¦ Debt Collection Action Plan for Credit Unions

Link Key Take Aways Labour market easing: The July 2024 jobs report shows job creation falling below expectations, with rising unemployment. Credit union delinquency: Delinquency rates for credit unions have risen significantly, particularly 90+ days past due. Delinquency trends stabilising: Growth in delinquency for certain products, such as bank cards and personal loans, appears to be slowing. Impact of economic conditions: Loans originated in 2023 are performing worse than those from previous years, suggesting a link to broader economic challenges.… Read more

KEY THEMES+ ¦ DEMSA Newsletter

What you need to know this week Royal Mail is increasing the price of 1st class stamps to £1.65 from October 2024. Christians Against Poverty (CAP) reports that 47% of debt advice seekers have a deficit budget. The Financial Conduct Authority (FCA) banned debt packager referral fees in June 2023. Oversight of Appointed Representatives is showing areas for improvement in effectiveness. Morgan Ash has published a vulnerability checklist to aid firms with Consumer Duty requirements. Lowell Debt Download notes that… Read more

KEY THEMES+ ¦ DEMSA Newsletter

What you need to know this week Bank of England reports an increase in net consumer credit borrowing to £1.2 billion in July 2024. Mortgage borrowing rose to £2.8 billion in July 2024, the highest since November 2022. Credit union total income fell by 5.50% in Q1 2024, but membership and loans to members increased. UK Finance introduced the Economic Abuse Evidence Form to help victim-survivors of abuse. Young gamblers (aged 25-34) are more likely to use credit for betting,… Read more

Less of a Blur – more surge pricing

Saturday was the release of Oasis tickets for general sale in the UK. Now I would not say that I am an Oasis fan really, but having spent time in Manchester in the early 90s, it did evoke a certain nostalgia for my youth… I decided to join the queue. I thought if I was lucky and the tickets were under £150, why not go along? It will be quite the spectacle. [In transparency, I felt the same about the… Read more