Approach – The Alacermatrix Group

4 process tactics banks should employ today — Medium

Posted on June 21, 2016 - 5:51 pm by Reid Wegley

Banks should embrace process improvements now in order to improve the bottom line and pave a smooth road to the future

As the financial industry continues to evolve in the face of rapid technology advances and ever-changing compliance regulations, banks today are faced with the challenge of constantly retooling internal processes or risk falling behind more enlightened competitors. Rather than fear the dynamics of change, however, banks should lean into it and embrace process improvements and reengineering as ways to improve the bottom line. By taking a deep look into your bank’s programs and processes, you’ll likely find several opportunities where simple process changes can improve efficiencies across the board.

In fact, here are four areas of focus where you can easily start the process:

1) Know your high-risk customers

One of the most frequently asked question by regulators is how many high-risk customers do you have? If you are not able to answer that question, it’s time to make improvements. . . Click here to read the rest of this story: 4 process tactics banks should employ today — Medium

Are you ready to Lean? — Medium

Posted on June 21, 2016 - 5:49 pm by Reid Wegley

Regardless of industry, today’s consumer-centric world requires organizations to challenge the status quo and move into a new way of looking at how to better deliver products and services

A business can only go so far in its race to bottom-line pricing; the key is to find differentiators that deliver increased customer value. There’s no better way to achieve this than through reengineering and optimizing your organization’s business practices.

Continuous process improvement, sometimes referred to as Lean Six Sigma and Design for Six Sigma, offers an ongoing improvement program that can define how an organization embraces change. The principles of Lean were first applied to automotive manufacturing in the U.S., but refined by the Japanese after World War II. Toyota Motor Company recognized that workers had much more to offer than just muscle, and initially experimented with Quality Circles. Eventually, this was distilled into principles that improved process and quality control to increase productivity.

Today, continuous improvement principles are at the heart of organizations across the economic strata. In the financial services industry, we successfully introduced Kaizen principles. . . Click here to read the rest of this story: Are you ready to Lean? — Medium

The importance of big data for the entire gaming market

Posted on May 22, 2014 - 4:05 pm by Reid Wegley

I recently had an opportunity to contribute an article on the impact big data could have on the gaming market to the World Online Gambling Law Report. You can download the reprint from the April issue now.

The implementation of big data and data analytics has the ability to save gaming companies millions of dollars per year. The ability to implement automated systems and streamline human-powered analysis are a core benefit of what Alacer can implement for your team.

Aside from protecting assets, big data presents global gaming companies with numerous advantages. The ability to monitor and track customer behavior has led to innovations in marketing technologies and effectively created the concept of loyalty marketing. Facial recognition technologies have long helped casinos prevent theft, and analysis of betting trends have not only prevented fraud but boosted marketing revenues. The opportunities for gaming companies to utilize the terabytes of data available to them are truly endless.

As I explain in this article, the future of big data is firmly planted in analysis and real-time predictive technologies. We no longer want to peer into a crystal ball to tell the future. The future will be told through a spreadsheet on a tablet as the pit boss walks the gaming floor or the computer systems adjust the rake in real time to maximize player participation. Download the article now.

By Richard Paxton