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alternative data
553

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...
Target 2 consolidation
601

May 19, 2020

Target2 and Target2 Securities Consolidation

Rouble Saha Senior Business Manager, Banking Domain, Financial Services

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...
Central securities depositories regulation
383

May 18, 2020

Central securities depositories regulation

Vimal Jain Senior Business Specialist, Delivery Practice

CSD’s are currently involved in developing solid frameworks for financial penalties regime, establishing systems and processes to adhere to ECSDA CSDR penalties framework, and while CSD’s continue monitoring settlement graph of participants, there...
RPA
1,000

May 18, 2020

Application of RPA, AI, ML in Post trade Ecosystem

Muralitharan K Business Manager, HCL Technologies, Malaysia, SDN, BHD.

Advancement in technologies like Robotics process automation (RPA), Machine Learning (ML), Artificial Intelligence (AI) offers various products and services to reduce the manual intervention and improving operational inefficiencies in the middle and...
Blog on Nordic
259

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.
Financial services and COVID-19
1,271

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,...
Digital Lending for MSMEs
281

May 08, 2020

Technology to the Rescue – Digital Lending for MSMEs

Rahul Singh President, 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...
Marketplace Models
578

May 06, 2020

Marketplace Models in Wealth Management

Ramakrishna C Srinivasan Global Practice Manager, Capital Markets Services, Financial Services

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...
COVID -19
2,879

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...
NPS
1,443
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,...
Empathy in Insurance
910

Jun 19, 2020

Never before has empathy been more important in insurance

Rajesh Srivastava Senior Vice President, Financial Services, North America

Insurance penetration rates in the US across both life and non-life segments have weakened in the last decade, dipping from a moderate 3.9% in 2008 to 2.9% by 2018. The number of policies sold has fallen, products that were once attractive to...
Banking
952

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...
Blockchain
1,556

Aug 08, 2017

Blockchain: Powering Innovation with Negotiable Instruments

Ranjan Joshi Solutions Architect-Financial Services

Organizations are beginning to understand the implications of using Blockchain and its potential for being a change agent across a variety of industries. In the context of negotiable financial instruments, blockchain can create a simplistic &...
AI and Machine Learning in Financial Services
979
Needless to say, in this post-COVID-19 world the way businesses and clients interact with each other has irreversibly changed. We have seen banks and other financial institutions leveraging technologies like AI, Machine Learning and Intelligent...
Target 2 consolidation
601

May 19, 2020

Target2 and Target2 Securities Consolidation

Rouble Saha Senior Business Manager, Banking Domain, Financial Services

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...
Central securities depositories regulation
383

May 18, 2020

Central securities depositories regulation

Vimal Jain Senior Business Specialist, Delivery Practice

CSD’s are currently involved in developing solid frameworks for financial penalties regime, establishing systems and processes to adhere to ECSDA CSDR penalties framework, and while CSD’s continue monitoring settlement graph of participants, there...
Artificial Intelligence
1,766

Dec 26, 2017

Master or Slave? The role of Artificial Intelligence

Vijay Guntur Corporate Vice President - ERS HiTech and Communications

AI Assistants are the go-to things today. People from all age-groups are taking to AI assistants in a big way to get things done. The more we use AI assistants, the better they are getting at their job.AI and related technologies will play a big...
Insurance industry
149
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...

How Automation is making the Financial Services Industry Resilient
Anubhav Mehrotra - VP, Head of Infrastructure and Cloud Services for Financial Services | August 11, 2020
330 Views

To thrive in a post-COVID-19 world, the financial services industry will have to reimagine how they operate. Financial enterprises can leverage the transformative power of automation using DRYiCE Lucy, a solution developed by HCL to set their performance trajectory for the years ahead.


Digital Dexterity will sustain the loyalty of digital-savvy consumers
Rajesh Srivastava - Senior Vice President, Financial Services, North America | August 10, 2020
259 Views

A recent report from McKinsey shows that the world has jumped five years forward in consumer & business digital adoption in a matter of around eight weeks. According to a June 2020 survey by DXC, 54% of US Insurance consumers said that using an insurer’s app should be as easy as using Facebook and Instagram. As consumers get more digital-savvy, their digital expectations are irreversibly evolving. But what do Insurers need to do to meet these expectations? Accelerating digital transformation is high priority, but is it enough? CIOs are probably missing an important strategy in their transformation vision.


Credit Management Restructuration Post-COVID
Sudip Lahiri - SVP & Head Financial Services Europe | August 5, 2020
154 Views

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-think the way they approach lending and loan repayment segments. In the current unprecedented times, credit management restructuration can help maintain the balance between helping out customers, securing the bank’s balance sheet and future growth prospects. Read blog.