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Open Banking Context
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
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

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

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...
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
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.
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

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...

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

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...

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

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...

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

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)....
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...

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. ...
Financial services and COVID-19

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,...
The major disruption in the digital currency world came with the invention of the cryptocurrency or the cryptographic currency such as bitcoin which uses the peer-to-peer (P2P) network to transfer money from one user to other. Unlike normal digital...

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

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

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

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.