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Credit Risk
375

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
483

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...
Wearables
252

Mar 20, 2020

Wearables - To Wear or not to Wear!

Sridhar R Practice Manager

Riding on wearable technology, many Financial institutions and Fintech firms have started building solutions that appeal to tech savvy clients underscoring customer experience and customized service to stay ahead of the curve in the market. ...
SOFR and Libor
1,723

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...
consent management
597
Open banking provides customers with the ability to securely share financial data among banks and accredited fin techs. Data in open banking has pushed banks to kick start innovations around payments and customer financial management with many...
Banking
560

Dec 09, 2019

P27 - Real Time Cross Border Payments for Nordics

Rouble Saha Senior Business Manager, Banking Domain, Financial Services

When it comes to innovation and adoption, Nordics countries are one of the foremost in the world. The region is already a global leader in electronic payments with very little reliance on cash.  But now, Europe’s most Northern members are...
Interpretable Machine Learning
164

Nov 29, 2019

Interpretable Machine Learning

Kishore Joseph General Manager

What is interpretability? Simply stated, it is having the ability to confidently tell, how/why a machine learning model is making the decisions, it was tasked to make. Why it is important ? We can today predict that some customers may no longer be...
Fintech
1,561

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...
AI Innovation
564
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...
Open Innovation
1,075
The current trend which is feeding the hunger of insurance companies to boost productivity and profitability. Alleviating claims leakage is one among the key factors which helps insurers grow in a profitable path. This can be accomplished to a...
Financial Inclusion
1,613

Jan 23, 2019

Finance 4.0: The race to rebalance the world

Rahul Singh President and Global Head - Financial Services

Rahul Singh write on how Finance 4.0 presents a massive opportunity to rebalance the world with benefits filtering down to the lowest levels, across geo-political borders and over economic divides.
Fintech
4,036
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...
Digital Customer Engagement in the Era of Social Distancing
107

Jul 06, 2020

Digital Customer Engagement in the Era of Social Distancing

Mustafa Sabuwala Principal – Financial Services, APAC

Social distancing norms offers a remarkable opportunity for financial institutions to bolster their digital engagement journeys for products and services that have traditionally been exchanged via face-to-face interaction at the branches. There are...
Credit Management Restructuration Post-COVID
15

Aug 05, 2020

Credit Management Restructuration Post-COVID

Sudip Lahiri SVP & Head Financial Services Europe

If we look at credit management, with the present COVID-19 scenario, banks are required to be more proactive in protecting their customers as well as themselves against the expected credit losses. And, for that financial institutions need to re-...
The Business Imperative
1,223
As the pace of technological innovation breaks down barriers, the financial services industry needs to prioritise its goals and develop long-term strategies. We are already seeing signs of a certain maturity among CIOs as they weigh in on their...
alternative data
192

May 20, 2020

Alternative data in capital markets

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

If we recall, few years back the low latency solutions were offering an edge in investment decision making. Now it’s considered as minimum requirement. The need for alternative data is seen to be increasing and the firms those delay in adapting...
AI Innovation
564
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...
Blog on Nordic
154

May 12, 2020

Nordic Financial services in the new decade

Varun Chhibber Sales Director - Nordics & Baltics Financial services

The blog talks about how the author sees Financial Services Industry evolving in the next decade with focus on the Nordics region. It talks about the trends that are visible in the market basis the conversation with Clients.

360° view of your Investments
Rangarajan Rupanarayanan - Senior Business Manager, Insurance Domain, Financial Services, HCL Technologies | June 12, 2020
180 Views

Financial Planning plays a vital role in our life as our future is dependent on the same. Across the globe, most individuals work for at least 30 years starting from age 25. They lead a life style that may or may not match their earnings, without focus on post-retirement needs, paving way to financial crisis during old age.

All employees should definitely contribute towards VPF because of the facts such as – (1) the interest earnings are not taxed (2) the contributions are completely locked for retirement needs since premature withdrawals / closures are not encouraged and (3) the maximum limit of contributions towards VPF is a small amount that could be compromised. It is not too late and hence those who have not made any VPF contributions, MUST start utilizing this savings vehicle immediately – i.e. from next month onwards. The success of this article depends on the number of new enrollments for VPF and you could also be part of the success factor.


Alternative data in capital markets
Avinash Dave - Global Practice Manager, Capital Markets Services, Financial Services | May 20, 2020
192 Views

If we recall, few years back the low latency solutions were offering an edge in investment decision making. Now it’s considered as minimum requirement. The need for alternative data is seen to be increasing and the firms those delay in adapting might get outclassed by their competitors who would have effectively incorporate alternative data into their decision-making systems like – Securities valuation, trading signal processes, smart advertising. There are already good number of data providers and aggregators in the market offering boutique alternative data sets. Soon alternative data will no more be an alternative!


Target2 and Target2 Securities Consolidation
Rouble Saha - Senior Business Manager, Banking Domain, Financial Services | May 19, 2020
325 Views

For more than a decade now, Target2 has been running successfully but with the recent modernization of payment landscape coupled with higher customer expectations, the cost structure of the banks has been highly challenged.

As a part of Vision 2020, the Eurosystem has embarked on a journey to consolidate TARGET2(T2) and TARGET2-Securities (T2S), in terms of both technical and functional aspects. The main objective is to replace the existing infrastructure of Target2 systems with a new real-time gross settlement (RTGS) system along with a new Central Liquidity Management system to bring in optimization in liquidity management across all TARGET Services (T2S, TIPS and the new RTGS).