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Open Banking Context
11
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...
Sustainability in Insurance
137
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
96

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
81

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
193
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
97
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
160
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
106

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
140

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.
SOFR and Libor
5,121

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...
Sustainability in Insurance
137
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.
Fintech
3,180

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...
Credit Risk
1,243

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)....
Collateral Management
1,437

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...
Financial services and COVID-19
1,087

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
4,531
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...
BFS
1,383

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...
COVID -19
2,796

Apr 17, 2020

Examining Impact of COVID -19 on Wealth and Asset Management Firms

Ashok Bhat Practice Lead, Capital Management Services, Financial Services, HCL

COVID -19 has seen a worldwide business impact. This blog aims to examine its impact on the Wealth and Asset Management Industry. I would like to highlight my perspective of the analysis in three aspects: Current challenges faced by Asset and...

Don’t Let Your Legacy Systems Make You Irrelevant
Jaspaul Saini - Delivering Advisory and IT Systems | March 17, 2016
456 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
827 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
1360 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.