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Swift
1,935

Oct 16, 2019

SWIFT GPI

Rouble Saha Senior Business Manager, Banking Domain, Financial Services

The cross border transactions have historically been a puzzle for most of the banks as they cannot predict the exact time and fees to complete the transaction. Moreover, it becomes very difficult to track the payment once it goes out of the...
Libra
177

Oct 09, 2019

Is Libra systemically important? Not likely!

Dr. Michael Maxwell Solution Principal, Financial Services

The Libra Association has agreed to subject Libra to KYC, AML and similar regulation as part of obtaining access to the developed economies. Know more!
Risk Compliance
235
Kishore Joseph, General Manager, Solutions, HCL Financial Services, author of this blog discusses the various data used in Machine Learning model and the common pitfalls faced in the process. Read more about how to effectively use and utilize...
Machine Learning
570
In this blog, Kishore Joseph talks about how machine learning is embedding itself into the software development lifecycle.  He says that there are major advancements that are occurring using machine learning and AI. We could look to utilize...
Exacto
538

Aug 21, 2019

HCL’s EXACTO Intelligent Automation Streamlines Bank Trade Processing

Andy Efstathiou Banking Sourcing Research Director, NelsonHall

HCL’s EXACTO Intelligent Automation Streamlines Bank Trade Processing
Automation
434
In this blog, Sudip Lahiri, Senior Vice President, and Head Financial Services talk about the wide range of emerging applications of AI and machine learning in the finance sector which are attracting growing attention. As is the case in...
Reg Tech
317

Apr 11, 2019

Investment Management - A New Framework

Kinsuk Mitra Director of Finance, Risk and Compliance

Once considered to be a safe haven from regulatory scrutiny, the investment management sector is now attracting increased political and regulatory attention due to its growing importance in society.
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...
Risk Comp
228
In this article, Rahul explains about the three key challenges faced by the Australia’s Financial Services Sector due to intensive digitisation. He also stresses on the fact that ‘those who harness digital technology best wins’ as the financial...
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...
Tech Market Trends
658

Mar 07, 2019

Tech Market Trends - Outlook for 2019 and Beyond - Part 2

Kinsuk Mitra Director of Finance, Risk and Compliance

Kinsuk Mitra writes on what are the trends that are going to shape technology in 2019. In this concluding of a two part series, he looks at how the trends are impacting HCL and where we are heading in the next 5 years.
Digital Lending for MSMEs
153

May 08, 2020

Technology to the Rescue – Digital Lending for MSMEs

Rahul Singh President and Global Head - Financial Services

As the COVID-19 crisis hits the economy, a taskforce of UK-based fintechs has come together to make over £500,000 available to MSMEs (micro, small and medium enterprises) in urgent need of credit. This virtual lending operation, designed to...
Exacto
538

Aug 21, 2019

HCL’s EXACTO Intelligent Automation Streamlines Bank Trade Processing

Andy Efstathiou Banking Sourcing Research Director, NelsonHall

HCL’s EXACTO Intelligent Automation Streamlines Bank Trade Processing
Robotics
2,036

May 18, 2017

Robotics: Driving Responsiveness in the Capital Market Landscape

Subramaniam Baskaran Global Client Partner, Financial Services

Robotic Process Automation (RPA)  is the latest buzzword in the financial services industry, impacting big business decisions and driving technological research in a definitive direction. A key differentiator for RPA is its user-friendly...
CECL
1,778

Oct 13, 2017

Understanding the Current Expected Credit Loss (CECL) Model

Sivakumar Srinivasan Solutions Architect, Banking and financial services

CECL is the new accounting standard issued by Financial Accounting Standards Board (FASB) for the recognition and measurement of credit losses for loans, lease, guarantees, trade receivables, and debt securities.Stakeholders in the financial...
Automation
1,525
Automation – Initially the thought process started in the Insurance Industry to explore the desirable reduction in OPEX (Operational Expenses). The Key Business processes got determined and had undergone the Automation technique.  Some of them...
IFRS
1,319
In the age of globalization, when the number of multi-national corporations is ever-increasing, standardization is a necessity, not a choice. Financial reporting, is an essential aspect of business and requiring standardization. International...
NPS
1,199
Most people today want to start planning for their retirement life in their early 30s. But the pity is most of them are getting lost in the numerous choices being offered by various pension providers. And many land up with very costly products,...

CCAR - Comprehensive Capital Analysis and Review
Vimal Jain - Senior Business Specialist, Delivery Practice, Capital Market Services, Financial Services | March 23, 2020
524 Views

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 largest banks which resulted in government bailing out financial institutions like, “AIG” & “Fannie mae”

CCAR is set of requirements from regulators to oversee bank holding companies with average total assets of $50bn. Requirements address capital adequacy, capital distribution, and capital planning process under base and stress economic scenarios CCAR is a kind of stress testing steered by federal reserve board. Supervisory stress test are integral part of prudential regulation across number of banks jurisdiction. CCAR report provides view on the industry facing economic risk, cyber risk and emerging risk from financial technology companies as whole and show comparison among different institutions


Basel IV Credit Risk
Goutham Karthik Ramasamy - Senior Business Analyst, FS-Banking Domain Practice | March 23, 2020
375 Views

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). With simplification of calculations for Standardized Approach, there will be significant benefits for banks operating on this approach.

There is some significant impact to banks operating on Internal Ratings Based approach (IRB). With the introduction of capital floors and the removal of scaling factor, there would be a reduction in CET1 (Common Equity Tier 1) ratios which will then have direct impact on Pillar 1 Capital Requirements.


Collateral Management Landscape
Vimal Jain - Senior Business Specialist, Delivery Practice, Capital Market Services, Financial Services | March 23, 2020
483 Views

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 business model that offers a combination of digital and human engagement to focus on advisor efficiency and cost management.