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Category blogs - Featured

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AI Innovation
857
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...
Swift
2,866

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
203

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
347
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
678
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
809

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
559
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
362

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
1,435
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...
Digital Dexterity
259

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...
CECL
2,014

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...
Financial Inclusion
1,901

Jan 23, 2019

Finance 4.0: The race to rebalance the world

Rahul Singh President, 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.
Mobile first
1,811

Sep 18, 2017

Mobile first to AI first : The New Approach

Santosh Kumar Head – Fintech innovation

In last couple of years, there had been a huge push for digital across financial services. Banks needed to re-imagine their products and services keeping customers at the centre of design, i.e. adopting a customer centric approach to design and...
Blockchain
3,005

May 06, 2016

How to Evaluate BlockChain

Robert Eliis Lab Director

This approach angle flaw is specifically in the way evaluators are considering actually what the BlockChain is. There are two ways: the typical approach being a database technology or a new way - an ecosystem.
Order to Cash
563

Aug 17, 2020

Order to Cash – Panoramic view from the COVID Horizon

Yashi Sharma F&A Practice Lead, Digital Process Operations

What is keeping the CFOs up in COVID situation is uncertainty about a range of rapidly moving issues that includes how to track cash flows, financial planning, analyzing the company's financial strengths and weaknesses and proposing corrective...
Sustainability in Insurance
188
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.
The Future of Work
136
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.
AI Innovation
857
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...

Basel IV Credit Risk
Goutham Karthik Ramasamy - Senior Business Analyst, FS-Banking Domain Practice | March 23, 2020
1480 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 Manager, Capital Markets practice, HCL Financial services | March 23, 2020
1809 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.


Wearables - To Wear or not to Wear!
Sridhar R - Practice Manager, Capital Market Services, Financial Services | March 20, 2020
716 Views

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.  As with any new technology outreach, wearables based solutions needs to ensure privacy and data security concerns of end users are taken care of properly, helping in smoother adoption and service transformation.