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In this blog series, we will explore multiple dimensions of AI’s impact on the industry and what it means for financial services organizations embarking on their AI adoption journey. In this blog post, we shall look at the key drivers of AI in the…
In this digital era, businesses are constantly modernizing their infrastructures and processes to not only optimize value and reduce costs, but to also future-proof themselves.
Data has emerged as the lifeline for business across verticals, domains, or industries. From accelerating business intelligence to forecasting, decision-making, and more, the applications of data in businesses are constantly growing, both in depth…
It is an established truth that emerging technologies will reshape the mortgage space, and to unlock value at scale, lenders must proactively incorporate a digital culture. Enterprises must emphasize business process outsourcing to move into a…
Feb 16, 2023
Mapping financial transformation journeys through digital disruptions - reimagining the future
“The best way to predict the future is to invent it.” – Theodore Edward Hook, English playwright, and novelist
Recent global disruptions have accelerated the digitization of financial services (FS). Many financial institutions globally, including loan and mortgage organizations, had to demonstrate resiliency and adapt fast to meet evolving customer…
Within the business services industry, captive centers have emerged as a key segment for growth.
Cloud computing has become a critical tool in enterprise digital transformation.
When it comes to an organization’s success, employee experience is a perennially crucial contributing factor. Customer satisfaction is the corollary of employee satisfaction and the success of these two underpins the success of an organization.
Jan 22, 2020
Starting around 2005, few banks around the world manipulated the LIBOR (London Interbank Offered Rate) benchmark rate for their own profits (from trades and to show that they are more creditworthy) which came to light in the year 2012. After this…
Mar 23, 2020
To address the need for better strategies to increase AUM and revenues, the wealth management industry is constantly evolving with newer models. While robo-advisory has been around for a few years, Marketplace models are emerging as a hybrid…
Mar 23, 2020
CCAR is a united states regulatory framework governed by Federal reserve to assess, regulate & supervise large US banks that are too big to fail. Post 2008 Global economic crisis/subprime crisis/Recession, resulted in economic collapse of US…
Nov 21, 2019
Over the years, banks have lost millions of dollars due to unplanned outages or downtime in the services. This has also created a negative impact on a bank’s reputation and brand image. Many a time, these services are being managed by outsourced…
Digitization, Internet of things, connected humans, connected machines, and connected world are all generating large volumes of data at an unprecedented scale. IDC predicts that by 2025, there will be 175 zettabytes of data and continue growing at…
Mar 23, 2020
Banks may need start increasing their capital reserve to offset off-balance sheet activities. For banks operating on Standardized Approach, there may be an improvement in Risk Weighted Assets (RWA) if their books have a lower Loan-to-Value (LTV).…
May 01, 2020
The article talks about the impact of COVID-19 on the Financial Services industry. The FS industry is about to see dramatic transformation as digital technologies get pushed to the forefront of our response. Digital, crowdsourcing, WFH, bots, AI,…
Oct 30, 2020
Enterprises today are witnessing the next level of cloud services adoption that is essentially value driven (in planning) and fast moving towards true multi-cloud for achieving their digital objectives. Furthermore, the addition of DevOps and…
![5 Reasons Why: "AI"](/sites/default/files/styles/blog_title_image/public/images/blog/title_images/sudip-blog-banner.jpg?itok=3NW805gw "5 Reasons Why: "AI"")
The blog lays out the top five reasons why AI acts as a double edged sword for Cyber Security in Financial Services. Written by Sudip Lahiri, Head of Financial Services for Europe, the blog contends that institutions must be careful to look at AI as…