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Cloud
29
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.
Fraudsters at the door
44

Dec 09, 2020

Going Digital while stopping Fraudsters at the door

Joe Joseph Head of Risk and Compliance practice

Account opening is a critical process in a Financial Institution (FI), where verifying the identity of potential customers is a regulatory KYC mandate. While lapses in this process may result in large fraud related financial losses, it could also be...
Banking
55

Dec 08, 2020

Hybrid Cloud & its Impact on Banking

Balakrishnan Jayaraman Senior Enterprise Architect

Balakrishnan Jayaraman shares his insight on why Design and building a hybrid cloud should be an iterative approach. Read more.
Responsible investing through ESG lens
53

Nov 19, 2020

Responsible investing through ESG lens

Avinash Dave Global Practice Manager, Capital Markets Services, Financial Services

The infamous $100 billion company of 2000, Enron Corporation, was named “America’s most Innovative Company” for six consecutive years before it declared bankruptcy in 2001. It was revealed of practicing systemic and creatively planned accounting...
Common Domain Model
45

Nov 11, 2020

Common Domain Model – Standardization of derivatives processing

Sumit Ghosal Associate General Manager, Capital Markets Services, Financial Services,

The OTC derivatives market is a highly fragmented one, especially when it comes to the processing of trades by different market participants. Over time, firms and market participants have established their own data formats and representation of...
Plant Workblaze
137
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...
Insurance industry
69
The growing prevalence of embedded software tech in cars has also made the cost of insuring them that much higher. Between backup cameras, auto-braking systems, lane departure warnings and other technologies, the auto industry has seen technology in...
Financial-growth
61

Sep 28, 2020

Managing Financial Health in the Covid Era

Ankur Gupta General Manager, CoE, D&A

COVID-19 is a pandemic which humanity could have done without. Its perils on the various facets of the modern-day organization are significant and touch every industry across the board. It has slowed down most of the businesses and the overall world...
Delivering Financial Services
109
The “new normal” of social distancing has forced business leaders and strategist world over to rethink approaches of executing traditional workflow without involving direct human physical contact. Similarly, the closure of bank branches and customer...
SOFR and Libor
4,266

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
2,551

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...
BFS
1,007

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...
Collateral Management
960

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...
Transformation
2,110
Client on boarding (COB) refers to all activities that are performed during the acquisition of new customers and plays an integral role in subsequent interactions during the complete customer lifecycle - ranging from all the mandatory KYC, AML, risk...
Credit Risk
882

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)....
Financial services and COVID-19
851

May 11, 2020

Financial services and COVID-19

Rahul Singh President, Financial Services

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,...
Fintech
4,312
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...
Managing Business Continuity and Financial Services industry during COVID-19
364
The COVID-19 pandemic is one of the greatest social, health, economic, and financial shocks of the 21st century. While it is going to be hard to predict what’s next, it is crucial for businesses to proactively assess their risks and areas of...

Don’t Let Your Legacy Systems Make You Irrelevant
Jaspaul Saini - Delivering Advisory and IT Systems | March 17, 2016
448 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
809 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
1337 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.