Anti-money Laundering Programs: Are Developing Countries Ready?

Financial institutions in developing countries need to establish a robust partnership with government bodies to implement Anti-money Laundering (AML) programs... successfully. According to Infosys' experts, companies must adopt a proactive approach by enhancing their AML programs to mitigate old risks, while managing new risks and complying with regulation.

Published with the permission of Standard Chartered Bank ^[3]

E-docs - The Tipping Point for Global Trade

The widespread adoption of electronic documents (e-docs) can create an integrated supply chain by merging physical goods, money and associated documents. According... to Infosys' experts, e-docs will increase global trade and commerce, and make trading partners more competitive by enabling flexibility in operations and reducing the supply chain lifecycle. Our experts advise banks, organizations and IT service providers to develop a joint framework for e-docs, and unleash the potential of an automated supply chain model.

Published with the permission of Standard Chartered Bank ^[3]

The Business Drivers of Cash Management Systems

Banks and organizations can improve profit margins and deliver better value to customers through accurate cash forecasting. According to Infosys' expert, a balanced approach... of human intervention and automation can realize effective cash management. Companies must adopt this approach to understand consumer demand, get accurate results, ensure data integrity and reduce costs. Our expert believes that treasuries will play a big role in cash management, and advocates automated solutions for operations.

In a related article, our experts address the challenges of exceptions as a result of straight-through processing for process automation in cash management. They recommend leveraging Business Process Management, Business Rules Management and Service-Oriented Architecture to make process change management more agile for future changes.

Published with the permission of Standard Chartered Bank ^[3]

View Complete Abstract | Accurate Cash Forecasting | Cash Management

Short Message from the Unbanked: Mble Bnkng

The evolution of handsets and widespread mobile phone usage enable banks to provide mobile payment systems in Asia and Africa. Our expert advocates a mobile and e-banking... solution to reach out to the unbanked. It can transform lives with an integrated framework that reduces costs. In addition, the solution can enable agility and flexibility by using open standards architecture, and provide user-friendly banking services. According to our expert, banks must incorporate a payments system into their e-commerce business strategy and align internal business groups with the program. They need to identify a strategic IT partner and collaborate with stakeholders in the payments ecosystem to define the technology and standards.

Published with the permission of Standard Chartered Bank ^[3]

Add Horsepower to Projects with Global Delivery Model and Agile

Project development and delivery get accelerated when Agile is coupled with the Global Delivery Model (GDM). According to Infosys' experts, the success of a GDM Agile... project depends on an organizational culture that is conducive to Agile and the right mix of architects, client representatives and programmers - both onsite and offshore. In an article in Agilejournal.com, our experts discuss how to capitalize on the inherent advantages of Agile and GDM.

Featured with the permission of Agilejournal.com

The Global Treasury: A Bank within a Bank

The corporate treasury has evolved into a centralized and global resource for banks. Direct access to Society for Worldwide Interbank Financial Telecommunication (SWIFT)... has benefited global corporate treasuries and transformed the relationship between the treasuries and banks. According to Infosys' expert, the corporate treasury can be repositioned as an “internal bank” to provide services such as transaction processing and capital and risk management. Migrating to this model, however, will require changes in business operations and IT infrastructure, and involve stakeholders beyond the corporate treasury. Our expert advocates that treasuries make a business case for the internal bank to ensure ROI for each milestone of the migration process.

Published with the permission of HSBC.^[2]

Security Profiling: A Win-Win Proposition for Banks and Customers

Cash management systems of banks need to address growing identity theft, phishing and spyware. According to Infosys' experts, banks must implement technologies to enable... data access by users on a need-to-know basis. Our experts discuss challenges and propose a model for security profiling to develop a robust cash management service. They suggest a framework for structuring user profiles to authenticate and facilitate user access through a matrix of profiles, entities, accounts and operations. It will ensure flexibility for banks and provide secure cash management services for customers.

Published with the permission of HSBC.^[2]

Make Money from Information with a Data Integration Competency Center

Global companies establish Data Integration Competency Centers (DICCs) to centralize data integration, improve productivity, enhance service quality and... reduce cost. Strategic initiatives requiring data integration make a structured and process-driven, integrated data organization a business imperative. In an article in B-eye-network.com, Infosys' experts discuss the challenges of engaging a DICC and define a framework to realize its benefits.

Featured with the permission of BeyeNETWORK.com

Global Financial Crisis: Focus on Risks, not Rewards

The root cause of the global financial crisis was not a weak regulatory framework but inadequate implementation and lack of oversight, according to Ashok Vemuri..., Senior Vice President and Global Head, Banking and Capital Markets Group, Infosys. In an article published in the American Banker, Ashok says that financial services companies may have to operate in a vastly different regulatory environment with contradictory laws in different geographies. Banks need to shift their focus from rewards to risks, from quantity of revenue to quality of revenue. The industry can recover only when banks build trust, inspire confidence and develop a sustainable framework.

Reproduced with the permission of American Banker.

Can Your Customers Bank on Your Payments Security?

Banks need to win the confidence of customers by providing tamper-proof payment systems. They must prevent fraud while addressing the needs of cashless payments and online... transactions. Infosys' experts propose a multi-pronged security approach that focuses on the method, machine and customer. Banks can enhance payment security through innovative mechanisms such as two-factor authentication, multi-factor authentication and biometrics via smart card readers.

Published with the permission of HSBC.^[1]

Next-gen Mobile Payments: Preparing for a Future Trend

Banks can capitalize on the mobile channel to serve existing customers, reach out to the unbanked in emerging economies and enable micro-payments. Infosys' experts propose... a next-generation payment model that ensures instant money transfer, security, clearing and settlement, and money-laundering checks. A payment intermediary can be a hub for mobile payments that connects customers over different mobile networks. It can provide a technology and operations platform where mobile operators are the communication channel providers and banks are the account holding institutions. Our experts add that customers will gravitate towards a business model when all the stakeholders offer compelling benefits.

Published with the permission of HSBC.^[1]

SEPA and PSD - A Business Case for Regulatory Compliance

Banks and financial services institutions can convert regulatory compliance into a business strategy and operating model. According to Infosys' experts, Single Euro Payments... Area (SEPA) and Payment Services Directive (PSD) implementation enables companies to transform their operations in payments. Companies must use regulatory compliance to leverage existing IT investments in payments, accelerate time-to-market for new products and services, and ensure re-usability of the technology architecture.

Published with the permission of HSBC.^[1]

XBRL - Convert Regulatory Compliance into a Benefit

Companies must move beyond regulatory compliance of Extensible Business Reporting Language (XBRL) to address business challenges. XBRL enables... increased access and better sharing of information, and will have significant impact in enhancing operational risk and compliance management, fraud prevention, and corporate performance management. In this article, Infosys' expert elaborates upon XBRL adoption, making a business case for it. According to the author, new adopters should start now and do test filings to prepare for the mandate.

Reproduced with the permission from gtnews.com

ORM Platform: A Safety Net for your Bank

Banks must transcend Basel II compliance to implement risk management from the perspective of operational excellence. According to Infosys' experts, an integrated... Operational Risk Management (ORM) platform enables banks to take a holistic view of regulatory compliance programs. They propose decentralizing the risk management function and empowering business groups within the bank to manage their operational risks. A scalable ORM platform enables effective integration of compliance programs at reduced costs.

Enterprise Data Architecture - A Business Imperative

Financial services companies can address rapidly changing business needs, reuse existing frameworks and accelerate project implementation through Enterprise Data Architecture.

Notes From a Sturdy Breakwater Roundtable

Infosys and ILOG organized a roundtable for clients on the need for Sturdy Breakwater, an industry guidance required and its impact on capital markets in the... United Kingdom. Get a ring-side view of the discussion.

Is There a Foolproof Approach to Implement IT Projects?

Infosys' experts propose a methodology that helps identify the business drivers, evaluate your implementation options and formulate an approach to implement strategic IT projects.

This article has been reproduced with the permission of Waters magazine.

A Top-Down Approach to Data Governance

Infosys' experts discuss the challenges of data governance and propose a framework to plan, measure and maintain consistent levels of data quality across the enterprise.

How to Complete Projects On Time, Every Time

IT projects are successful when companies understand the synergies between technology, procedures and business; align projects with business goals and adopt a framework to identify risks, according to Infosys' expert.

This article has been reproduced with the permission of Waters magazine.

The Way Forward for Outsourcing: Technology-enabled Solutions

Outsourcing has evolved to enable a business transformation in banking and capital markets, according to Ashok Vemuri, Senior Vice President and Global Head, Banking and Capital Markets Group, Infosys.

Data Analytics for Better, Faster Decision-making

Financial service companies must focus on integrated data analytics to address industry challenges, according to Suvendu Samantaray, senior associate, Banking and Capital Markets practice, Infosys Consulting, in an article published in DMReview.com.

Affordable Banking for the World's Unbanked

Financial institutions can speed up the economic development of emerging markets while opening up new revenue channels, writes Ashok Vemuri, Global Head - Banking and Capital Markets group, Infosys, in American Banker.

SEPA: Convert Regulation into a Business Opportunity

The economic integration of Europe, rise in non-traditional competition and ubiquity of technology make Single Euro Payments Area (SEPA) a business imperative. In an article published in eStrategies, Infosys' experts demonstrate how its SEPA solution... enables banks and financial services companies to comply with regulation and transform their payments business.

Internet, a key Distribution Channel for Investment: Survey

An Infosys-Datamonitor wealth management survey says self-driven investing is making the Internet a key distribution channel and that it will gain importance in the next two years. The survey of the Top 50 wealth management companies in the United States... also revealed that the "mass affluent" is the fastest growing segment of customers. Other findings include regulatory compliance and faster origination of accounts emerging as key business priorities.

Execution Excellence will Differentiate Winners from Also-rans

Execution excellence is about delivering not-so-innovative concepts in a rapidly scalable and cost-effective manner to the market. Paying for purchases is not necessarily an innovative area but bringing in efficiencies to offer superior 'one-click' experience... at better cost structures has changed the way the world shops. The capabilities to execute on such initiatives are born out of a better understanding of how customers behave and the ability to model their adoption of newer technologies.

Banking the Unbanked

According to a 2004 Federal Reserve Board study, nearly 10 percent of American households are unbanked! One would assume that a developed economy like the US, with banks at every street corner, would not suffer from such a glaring deficiency... It is this underserved segment that is now becoming the focus for some of the large financial institutions.

How Globalization and Technology will change Financial Services by 2020

As globalization, technology and innovation flatten the world, what do they hold for the financial services sector? Where is next-generation banking headed? And how will the burgeoning middle class across the world benefit from it?

SOX Television talks to Infosys about Operations Risk

In an interview with SOX Television, Ashwin Roongta, Senior Principal, Infosys shares his thoughts on risk identification, loss data management, risk measurement and analysis, risk mitigation and reporting and disclosure management... SOX Television is an Internet Television network that covers the Sarbanes-Oxley Act and related areas of governance, risk and compliance.

 

 

^[1]The article was originally published in the Technology Insights section of HSBC's Guide to Cash, Supply Chain and Treasury Management in Asia-Pacific 2009.

^[2]The article was originally published in HSBC's Guide to Cash, Supply Chain and Treasury Management in the Middle East 2009

^[3]The articles were originally published in Standard Chartered Bank's Guide to Working Capital Management 2009 / 2010. (Asia, Africa and the middle east)

 

 

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Infosys at Finexpo - Outsourcing Strategies 2009, London

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