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Business Continuity Planning
36
Business Continuity Planning - An amalgamation of the right technology stack, agile organization culture, and proper disaster recovery strategy. A strategy that not only involves planning around the technology but also ensures that all the aspects...
Redefine and Embrace the ‘New Normal’ with HCL’s EdgeLITy
47

Jul 07, 2020

Redefine and Embrace the ‘New Normal’ with HCL’s EdgeLITy

Amanpreet Singh Group Manager, PMG – Hybrid Cloud Services

Discover better ways to manage and control activities in remote work locations with HCL EdgeLIty. Manage operations seamlessly by utilizing business-friendly, self-sustainable technology solutions while striving to combat COVID-19. Learn to...
Hybrid Cloud Cost Optimization
62
CIOs and CTOs are looking to the cloud solutions for cost Optimization and adopting the Hybrid Cloud solutions. The agile ways of working along with consumption-based cloud models help the organizations to reduce the overall cost and same can be...
Digital agility in COVID 19 times
95

Jun 26, 2020

Digital agility in COVID 19 times

Deeksha Sehgal Product Manager, Hybrid Cloud Services

Introduction
Rethinking the Traditional BFSI Norms: Covid-19
75

Jun 26, 2020

Rethinking the Traditional BFSI Norms: Covid-19

Neha Ghildiyal Product Management Group, Hybrid Cloud Services

The COVID 19 pandemic is a catastrophe that’s going to have a wide and long-lasting impact on the global economy. The coronavirus outbreak is causing widespread concern for every sector and BFSI is no different. The BFSI sector would play a...
 A Healthcare & Life Science perspective
70

Jun 26, 2020

COVID-19, A Healthcare & Life Science perspective

Kapil Taneja Associate General Manager, Hybrid Cloud Services

The Med tech industry is also struggling to ramp up production, bring advancements in design & price and at same time ensure delivery of critical care equipment is made available to patients. There is a shift in the way patients and healthcare...
 A Data & Analytics Perspective
480
Cloud computing and moving data to a cloud system is key to effective data management and security. Data migration need to be handled with care so that it is effective and efficient. There are some approaches around migration optimization, cloud...
COVID19 is impacting IT
86

Jun 15, 2020

How COVID19 is impacting IT & other industries?

Prabhat Kumar General Manager, Cloud Native Practice

IT companies depend upon other industries for their projects. With so much disruption, many potential and existing customers will be forced to re-prioritize their budgets and IT investments may be diverted into the core businesses.
 enterprises adopt SaaS Model
361
Like other SaaS service offerings on the public cloud, SaaS storage model also gives its additional benefits when sensibly chosen from the Public Cloud Marketplace.  These benefits are more effective when compared to native SaaS solutions...
 A Data & Analytics Perspective
480
Cloud computing and moving data to a cloud system is key to effective data management and security. Data migration need to be handled with care so that it is effective and efficient. There are some approaches around migration optimization, cloud...
Deliver immediate Cloud R
917
In this blog, Gaurav highlights how HCL OneClick and Google Cloud Platform accelerate the cloud transformation journey for the enterprises through automation and data-driven guidance.
AI
1,557
In this blog, KK delineates the importance of AI in enabling a highly extendable workplace environment that allows organisations to quickly scale and dynamically adapt to changing business needs. He highlights the importance of strategies and...
Unfolding the COVID-19 Pandemic
521

May 19, 2020

Unfolding the COVID-19 Pandemic: A Story of Responses and Outcomes

Shalabh Narain Shalabh Narain, CS Industry Vertical Leader, HCL Australia

When I was a child, my mother would read me stories. In one such story, an ant made an elephant go berserk by entering its trunk. I kept asking myself, “how is it possible that a tiny ant could cause so much pain and suffering to a big and powerful...
ICT in the light of CoviD
990
The Covid situation has popped up as an unprecedented challenge for humankind as different sectors, communities, and individuals look to mitigate the risks associated with it at each level.
Digital agility in COVID 19 times
95

Jun 26, 2020

Digital agility in COVID 19 times

Deeksha Sehgal Product Manager, Hybrid Cloud Services

Introduction
Rethinking the Traditional BFSI Norms: Covid-19
75

Jun 26, 2020

Rethinking the Traditional BFSI Norms: Covid-19

Neha Ghildiyal Product Management Group, Hybrid Cloud Services

The COVID 19 pandemic is a catastrophe that’s going to have a wide and long-lasting impact on the global economy. The coronavirus outbreak is causing widespread concern for every sector and BFSI is no different. The BFSI sector would play a...
 A Healthcare & Life Science perspective
70

Jun 26, 2020

COVID-19, A Healthcare & Life Science perspective

Kapil Taneja Associate General Manager, Hybrid Cloud Services

The Med tech industry is also struggling to ramp up production, bring advancements in design & price and at same time ensure delivery of critical care equipment is made available to patients. There is a shift in the way patients and healthcare...
Hybrid Cloud Cost Optimization
62
CIOs and CTOs are looking to the cloud solutions for cost Optimization and adopting the Hybrid Cloud solutions. The agile ways of working along with consumption-based cloud models help the organizations to reduce the overall cost and same can be...

Publishing Moving to a Cloud-Centric World
Vishal Jindal - General Manager | March 3, 2016
390 Views

Cloud technologies are taking over from applications essential to publishers and to move them to a SaaS based model with a relative less cost of maintainence

5 FinTech trends to watch in 2016
Santosh Kumar - Senior sales director & Head – Fintech Innovation | February 29, 2016
1768 Views

Financial Services are at the cusp of digital disruption. We might not be witnessing a 'revolution', but all the emerging trends and technologies are certainly proving that we are in the midst of an ‘evolution’.

Most of the large global banks are born pre-digital and are facing the challenge of legacy infrastructure, software, and culture. On the other hand, the new challenger banks are born-digital and carry no baggage of legacy. They are creating products and services that are relevant to the digital age customer’s needs.

Most of the large global banks are planning to either start their new digital banks or buy stakes in some of the challenger banks just as BBVA did recently by taking ~30% stakes in Atom bank. At the least, we will witness many pre-digital born banks investing in and embracing digital trends and technologies in 2016.

Here are 5 FinTech trends to watch out for in 2016:​

  • Blockchain - Distributed Ledger:

    Financial services organizations are racing to harness the power of the Bitcoin infrastructure to slash costs. The basic technology underpinning the Bitcoin virtual currency could be used by some of the world's biggest banks. These banks want to use the Blockchain method because it is hard to fool - making fraud difficult, speed up trading systems and make deals more transparent. Many banks such as UBS are already trying out Blockchain technology for different use cases.

    Blockchain is the software that both powers and regulates cryptocurrency Bitcoin. In its most basic form, it records ownership of Bitcoin — money — and transactions — one person paying another. The software uses a distributed ledger to police the network, which means a certain proportion of the vast network must sign-off on a transaction before it can be processed. This replaces the need for a ‘trusted middleman’ in a transaction.

    The project to test Blockchain-like technology is being led by financial technology firm R3 which has so far signed 30 banks. R3 has done a good job bringing all the rival banks together. We are witnessing a great interest across financial services on trying out this disruptive technology and will continue to see investment in 2016 to try out specific use cases that can give banks a competitive advantage.

  • Biometrics:

    2015 was the year that banks began to experiment seriously with biometrics: US financial provider USAA already offers three different biometric login options for its mobile customers (Touch ID, Facial recognition, and Voice recognition). Biometrics has been the ‘Next Big Thing’ in authentication for a long time now, but many things that have held it back have not gone away. There is often the need for costly additional equipment, and processes that require verification by a back office platform which makes it slow. Wells Fargo is testing voice recognition and eye scanning, joining an increasing number of banks and other financial services companies using biometrics technology to authenticate customers using their mobile applications. Nearly one-third of the largest US banks plan to make biometrics available to mobile banking customers by the end of this year.

  • Artificial Intelligence (AI):

    Robots have begun their invasion of banking. Robots and Artificial Intelligence (AI) in banking have the potential to reduce costs, expand skills, and improve the customer experience while working alongside or replacing humans. According to an article, Barclays believes that AI is the future of banking, and one bank in Tokyo is already staffed by a helpful robot. We have already seen rudimentary examples where users can talk to a computer system to make money transfers or access information. 

    Robo-advisors, or fully-automated online investment platforms, are also disrupting the financial advisory services. FinTech startups such as Betterment and Wealthfront have managed to pull early investors with their robo-advising platforms offering the perks of low fees and a reduced entry barrier when it comes to minimums. Many large banks including Deutsche Bank have launched their robo-advisor services. Automated financial advisors and planners that assist users in making financial decisions is a very strong use case. 

    We are certain to see an increased investment into AI in 2016 across financial services.

  • The API Economy:

    APIs are yet another vital trend driving disruption, and fueling FinTech startups and open banking data initiatives worldwide. Some of the new banks such as Fidor bank are already reaping the benefits of open APIs. With new rules such as European Payment Service Directive (PSD2) coming into existence, banks will have to implement APIs that can provide access to payment account information to third parties – including their competitor banks – following the customer’s explicit consent.

    Consumers now have the power to engage and perform transactions wherever they are, through a device of their choice. To engage customers across all digital media, banks need to be able to provide contextual and personalized product offerings and drive immediate conversion through embedded offerings. With the advent of APIs, banks can easily expose their product catalogs, payment wallets, and other services to digital customers.

    APIs are an important component in the digital architecture and banks are investing in building modern applications that can service their customer on a platform of their choice at any point in time. We will continue to see increased investment in 2016 on building APIs and helping banks serve their digital customers better.

  • Cloud Computing:

    Cloud has become one of the mainstream strategy topics for most large global banks. The debate is not if, but, how will they eventually embrace cloud – if not public cloud, then private cloud or hybrid cloud – and which version to select for which function.

    Banks will continue adopting Cloud services for their business applications, while carefully keeping sensitive data housed at private data centers. According to CIO.com, Deutsche Bank plans to have 80% of its systems based in the cloud by 2020. Today, cloud has matured and covers a panacea of Software-as-a-Service, Infrastructure-as-a-Service, Platform-as-a-Service, and more. It is certain that if not public, private, and hybrid clouds will play a vital role in the banks’ digital future.

    Join us at Netherland India Business Meet 2016 to hear Santosh kumar speak on ‘The changing face of Financial Services’


Cloud Native Adoption: Key Principles to Drive Your Strategy
Kalyan Kumar B - CVP & CTO, HCL Technologies | February 2, 2016
1264 Views

In my previous blog, I briefly discussed about Cloud Native adoption strategies.  While it is great to know the fundamentals of the subject, it is crucial to understand and imbibe the principles of cloud native adoption before you embark on the journey of becoming a Cloud Native enterprise. But, why should you care?