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Category blogs - Featured

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How AI is playing a role at Investment Banks and Capital Markets Trading Desks
31
The LIBOR scandal which made headlines in 2012 revealed traders at major international banking institutions in the U.S. and the U.K. acted in collusion to manipulate the London Interbank Offer rate (LIBOR). This revelation which was thought to...
CYBERSECURITY TRENDS IN 2021 AND BEYOND
134

May 14, 2021

CYBERSECURITY TRENDS IN 2021 AND BEYOND

Kinsuk Mitra Director of Finance, Risk and Compliance

With rapid IT changes and complexity, the last 3 years have seen an increase in cybsersecurity spending with identity and access management (IAM), cyber monitoring and endpoint and network security being the key areas of expenditure. For financial...
Open Banking Context
161
This paper offers a quick view of various initiatives around the world for making payments secure and efficient. Confirmation of Payee (COP) is a measure to prevent accidental or deliberate misdirection of funds to unintended recipients. It allows...
Sustainability in Insurance
242
The financial services industry plays a key role in the transition to a more sustainable planet. In addition to managing the impact of their individual businesses, global financial services can accomplish much more than any other industry.
World of corporate actions
358

Mar 17, 2021

World of corporate actions

Vimal Jain Senior Business Specialist, Delivery Practice

Corporate actions are organized events which gets decided in company’s annual general meeting before announced through a stock exchange. These events often bring material changes to a company through changes to the capital structure as well as...
Data Operation
221

Feb 17, 2021

Banking Platform Integration during M&A

Vijay Krishnan S Practice manager, Banking Domain

Due to rapid growth in the banking sector, Mergers and Acquisitions (M&A) between banks are becoming inevitable worldwide. With banks wanting to venture into new markets and expand its area of operations and due to rise in regulatory pressure on...
LIBOR to RFR
289
The transition from London Inter-Bank Offered Rate (LIBOR) to alternative risk-free rates is posing a global risk in recent times. There are over $400 trillion in loans and derivative contracts globally exposed to LIBOR. In this article, we analyze ...
The Future of Work
165
As per the findings of the research conducted by HCL in collaboration with the University of St Gallen, the article highlights the factors that are shaping the skill-profile of future-ready workforce in financial services.
Cloud
267
The article highlights the current trends in Financial Services and provides an insight on what could be the new focus areas for Financial Services across the globe going forward in 2021.
SOFR and Libor
6,351

Jan 22, 2020

Transition from LIBOR to SOFR

Kaviya V Senior Business Analyst

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...
Fintech
4,036

Nov 21, 2019

BS11 Impacts and its IT Implications

Rouble Saha Senior Business Manager, Banking Domain, Financial Services

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...
Collateral Management
2,135

Mar 23, 2020

Collateral Management Landscape

Vimal Jain Senior Business Specialist, Delivery Practice

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...
BFS
1,828

Mar 23, 2020

CCAR - Comprehensive Capital Analysis and Review

Vimal Jain Senior Business Specialist, Delivery Practice

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...
Credit Risk
1,661

Mar 23, 2020

Basel IV Credit Risk

Goutham Karthik Ramasamy Senior Business Analyst

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)....
Artificial Intelligence
1,858

Dec 26, 2017

Master or Slave? The role of Artificial Intelligence

Vijay Guntur Corporate Vice President - ERS HiTech and Communications

AI Assistants are the go-to things today. People from all age-groups are taking to AI assistants in a big way to get things done. The more we use AI assistants, the better they are getting at their job.AI and related technologies will play a big...
World of corporate actions
358

Mar 17, 2021

World of corporate actions

Vimal Jain Senior Business Specialist, Delivery Practice

Corporate actions are organized events which gets decided in company’s annual general meeting before announced through a stock exchange. These events often bring material changes to a company through changes to the capital structure as well as...
CYBERSECURITY TRENDS IN 2021 AND BEYOND
134

May 14, 2021

CYBERSECURITY TRENDS IN 2021 AND BEYOND

Kinsuk Mitra Director of Finance, Risk and Compliance

With rapid IT changes and complexity, the last 3 years have seen an increase in cybsersecurity spending with identity and access management (IAM), cyber monitoring and endpoint and network security being the key areas of expenditure. For financial...
Fintech
4,750
FinTechs are exploiting the gap between the financial services and technology. Increasing use of technology for financial services have led to disruption in the traditional financial services. We can see this change from the way traditional banks...

Don’t Let Your Legacy Systems Make You Irrelevant
Jaspaul Saini - Delivering Advisory and IT Systems | March 17, 2016
464 Views

This is the first in a series of blogs that examines how ‘internet savvy’ challengers are entering the insurance market and what this can mean to an industry that has traditionally been perceived as ‘stodgy’, ‘risk averse’ and ‘slow to change’. The blog goes on to discuss the legacy technology challenges that are hampering the industry today, and how different modernization strategies and/or radically new operating models are needed to compete in the future.


Disruption in Insurance industry – is it sporadic
Murali Mohana Rao - Senior Business Specialist With Insurance Practice | March 17, 2016
857 Views

Business Disruption is not new, but, simultaneous disruption in different walks of life and across businesses is the new phenomenon that global businesses are trying to position as an opportunity, challenge, or a threat. With never like before technology led la-uber disruptions surfacing in different industries, business needs to develop a deeper understanding of the underlying factors to come with an effective strategy to survive a possible deluge, if not to differentiate and stand apart. This applies more to industries where sporadic disruptions are surfacing but failing to make a remarkable impact. Insurance is one such industry. I think the insurance industry is poised for a very exciting but challenging phase in coming years.


Make ‘Fun’ to sell insurance & reduce cost - “Gamification in Insurance”
Murali Dharan Haragopal - Head of Global Insurance Business Solution Group | March 17, 2016
1402 Views

Did you know? Games share certain characteristics with insurance, business and our lives! Significant common characteristics include uncertainty, challenge, chance, choices, goal, relevance, reward, rules and terms of agreement.