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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)....
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 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

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
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...

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

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...

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...

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
The Business Imperative
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...
Artificial Intelligence

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...
Marketplace Models

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...
Central finance
This article will present Central Finance, a deployment option of both the S/4HANA and S/4HANA Finance product lines, as a solution to the above stated obstacles and objectives, especially in an environment where there is no appetite for a single...
Open Innovation
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...
The scope of adopting gamification doesn’t restrict itself to just offering better user engagement through gaming psychology but also presents opportunities for better product developments, proactive marketing strategies, and much more. The...
Digital Dexterity

Aug 10, 2020

Digital Dexterity will sustain the loyalty of digital-savvy consumers

Rajesh Srivastava Senior Vice President, Financial Services, North America

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...

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...

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

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

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).


Central securities depositories regulation
Vimal Jain - Senior Business Manager, Capital Markets practice, HCL Financial services | May 18, 2020

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 is the bigger challenge in setting up models as per new CSDR rules. CSD’s will maintain complete track of collection, payments and report financial penalties at regular intervals.  Firms will largely invest in AI automation and machine learning technologies to make their Operational process strong and parallelly educate different departments within Op’s team. Having strong process and workflow will ensure r reduction in volume of settlement failures and indeed firms will end up paying fewer financial penalties