Industries

Main Menu
X

FINspeak

FINspeak

Risk management - Evolving challenges and models

The post-crisis era has witnessed a slew of compliance regulations in the finance industry. New products, more government scrutiny, and a clear focus on compliance, has led to the rise of greater risks and a larger set of rules and regulations. Financial institutions must now review their compliance practices as well as the technology infrastructure that supports them. They should ideally pursue a broader range of compliance and risk initiatives. Moving forward, the business models of FIs will need to be risk-based with a focus on just-in-time risk management and analysis.

Read more

The 'artificially intelligent' hedge fund rises

Artificial Intelligence (AI) seems to be the buzzword in the world of payments, wealth management and banking. Companies are interested and are talking about using robo-advisors (automated financial advisors and planners), humanoid robots, chat-bots (chat robots for customer service) and machine learning algorithms for fraud detection and credit scoring. AI is also being used for natural language processing, big data analysis, sentiment analysis and deep learning. Read on to find out what companies are expecting AI to do to further develop their businesses.

Read more

Digital core - Beyond core banking?

Many banks in the world are embarking or have already embarked on their digital journey to transform their core banking operations. However, adoption of core digitalization has been mostly limited to new-age banks and smaller / mid-sized banks. A point to note here is that banks are becoming increasingly cautious in making any decisions related to their new core. How far would you go to digitize your core?

Read more

Social Media Banking: Are Banks Ready?

Move beyond online banking. Banks are now using social channels like Facebook and Twitter to serve their customers. These channels have a higher potential to act as a medium to do business for banks and not just act as a medium to receive feedback from customers or promote new products. Are you ready for banking the age of social media?

Read more

Are commercial banks with FinTechs or not, in the innovation race?

FinTech is bound to stay in the future. Commercial banks, which were laggards in digitization initially, cannot afford to lose out on the FinTech wave. Hence, CXOs of banks must devise ideal plan to make sure that FinTech is a part of their business model and growth, either through partnership or acquisition, so that commercial banks stay ahead in the race of innovation.

Read more

The US dilemma: To be 'SWIFT' or 'FASTER'

As the payments universe continues to grow continuously, companies are trying their best to stay ahead in the race to be the best. However, despite being one of the largest economies in the world, the US has witnessed slow growth in the payments domain. In this situation, it is important for banks and regulators in the US to come to a consensus on establishing real-time payments system in the country and move up the ladder in the global payments scenario.

Read more

Open banking over API gets a fillip with CMA measures in the UK

The directives of the Competition and Markets Authority (CMA) to implement open banking over application programming interfaces (APIs) is all set to mark a milestone. The CMA aims to promote greater market competition and enable customers to leverage open APIs for their banking needs. The directives will not only allow customers to view all their bank accounts in just one application, but will also enable them to easily compare products and services from different banks, besides receiving personalized financial advice.

Read more

Chat and trade - The Chatbot way

In the trading and investments domain, the earlier investors receive information about the market, their portfolio or specified stocks, the better it is for them. The industry is seeing the likes of Polly Chat (chatbot from Polly Portfolio, a wealth management technology platform) providing tailored trade ideas based on user responses. So what's going to be the next advancement? These are unchartered territories for many. A start has been made, yes, but they are still in the nascent stage and have a long way to go.

Read more

Bank(ing) on big data – banks or fintechs?

Today, data is omnipresent and is one of the most talked about topics across the table — anywhere and everywhere. However, the availability of data alone cannot create better solutions or generate value in the financial services (FS) industry. It needs to be properly channelized to create value-based offerings for customers. This blog explains how banks and fintechs can make most of this opportunity.

Read more

Chat bots: So banking can be as easy as chatting

Since the beginning of 2016, the focus on chat bots has increased significantly. The likes of Facebook, Google, Microsoft, and Apple are all investing in bots and exploring ways to integrate them into mainstream applications. What’s more, leading banks are also going with the tide and have made investments in chat bot solutions based on artificial intelligence. This blog highlights some of the latest innovations in this space and discusses the journey of chat bots into the future.

Read more

Smart machines: Will they disrupt the banking industry?

Smart machines are basically intellectual devices that use cutting-edge technology to minimize human effort. They assess large volumes of data from various sources to offer valuable insights and are revolutionizing the way businesses function. It’s therefore, not surprising that banks are now deploying smart machines across an array of jobs. Having said that, smart machines might also be putting many employees out of work. This blog explains the various trends around smart machines and how they will impact the banking sector.

Read more

Exit for Britain, uncertainty for banks

Global uncertainty has almost become a norm. From the financial crisis in the US to debt problems in Europe, geopolitical tensions in the Middle East, and the migration crisis in Central Europe, we are witnessing unexpected events and tensions. The latest to create havoc in the financial market is Britain's referendum on leaving the EU, also known as ’Brexit’. The referendum has brought along with it uncertainty again, especially for the financial sector.

Read more

Share the page

  • Tweet
  • Share on Facebook
  • Share on LinkedIn
  • Google+