22 Nov 2023
24 Nov 2022
All these complexities are exacerbated in the context of international agreements, which are pushing financial service providers to adopt solutions that facilitate wide-ranging legal and regulatory compliance measures, in both regional and global settings.
This Finextra webinar, hosted in association with OneSpan, is joined by our panel of industry experts as they answer the above questions.
Financial institutions have long been required to build and implement robust, secure processes around core digital transactions such as online payments and financial transfers.
What opportunities are presented by the trend toward higher-value online transactions?
What are the risk factors triggered by these transactions?
What other complexities and issues are involved in high-value transactions?
How can enterprises meet security, risk and customer experience challenges as more business is conducted online?
How can organisations use remote settings to provide the human touch?
29th September 2021
Sign up for this Finextra webinar, hosted in association with Smartstream, to join our panel of industry experts as they discuss the following topics.
How has the regulatory climate impacted financial institutions’ ability to innovate?
How do we begin to quantify ‘operational debt’ and how is it impacting the bottom line?
Where are the hurdles in banks’ legacy systems that cause the most significant challenge for overhauling operational processes?
Which activities within financial institutions are pivotal to the transformation of operational processes? What is hampering their efforts to make effective progress?
How can organisations leverage technological opportunities to improve their legacy operational processes?
The financial services industry is encountering significant pressure as competitive, innovative, and compliance-based forces continue to increase their impact on institutions. As a result, the imperative to evolve has found itself as a top priority among large, established banks.
Doggedly pursuing operational processes ‘because this is how it has always been done’ must be abandoned, and a new mindset which is open to embracing new solutions and technologies is essential, if traditional firms are to overhaul their operations and compete in a new digital age.
As financial services continue to cater to the highly digitized consumer, operational resilience is a top priority for regulators around the globe.
Assessing vital business functions, setting levels of tolerance that these functions can withstand, and testing tolerances at regular intervals, enable banks to identify and protect themselves from threats and potential failures. It also ensures they are able to respond and adapt to disruptive events. Leveraging technology solutions that are specifically designed to assist operational resilience through AI and ML can help firms automate processes to predict failure conditions across intricate systems and data sets. While the increased interconnectedness of financial services through third party activity offers a fertile ground for innovation, it also brings the need to reinforce the extended digital ecosystem in which financial institutions operate.
Finextra webinar, in association with BMC, to join the panel of industry experts as they discuss the following areas:
Why do identification and mapping present such a challenge for financial institutions? What role do assessment and testing for business service tolerance play in meeting operational resilience requirements?
How does a robust operational resilience strategy serve to bolster a financial institution’s business case?
How is AI and ML technology helping to reduce vulnerabilities for financial institutions? What are the security weak points within financial institutions today, and how do these increase their exposure to cyber threats?
20th August 2021
Join us for the third session of the #TechConnect virtual meetup series powered by Societe Generale Global Solution Centre on the topic ‘Unbundling Technology Disruption in Post Trade’.
While digitization is disrupting most banking verticals, the post-trade world has traditionally taken quite a conventional approach to adopting new technologies. However, disruptive technologies are beginning to play a significant role, and this trend is showing no signs of slowing up, as post trade functions in banks are picking up pace in adapting to particularly two pivotal technologies – Distributed Ledger (DLT) and Artificial Intelligence (AI) with Data being the common binding factor cutting across all sub verticals in this space.
Catch our colleague Prasoon Mukherjee, Head of Data Custodian Fund Services, SG GSC India and VP of Data and Customer Experience, SG GSC India, to know more about the trend and interesting use cases which most banks are picking pace on
29th April 2021
Register for our latest webinar with CoCoNet on Thursday, 29 April 2021 at 15:00 UK time as industry experts discuss the challenges and opportunities of the digitalisation of corporate customer onboarding processes.
When compared to retail onboarding, corporate customer onboarding is much more complex. Entity structures, sophisticated roles, and permissions must be considered, however, this does not mean that onboarding processes must take up to six months, as is often the case today. By starting small, prioritising a seamless method, then reiterating this process, financial institutions can accelerate the process stepwise and will find themselves with a smooth end-to-end solution.
Both short- and long-term benefits to financial institutions are evident in the process of digitising corporate onboarding, ranging from faster access to banking services, to enhanced user experience to significantly reduced operation costs. Adopting an approach that increases scaling as required, the project (and budget) can be expanded at the financial institution’s own pace.
Building communication channels and interaction points during the corporate onboarding phase reduces friction. Increasing the ease of interaction between a bank’s traditionally siloed departments means that security and data verification across the institution can be reinforced in parallel to smoothing internal communication barriers. When digitisation of typical paper-based onboarding processes can save up to 66% time saved from manual, paper-based approach, it is only becoming more difficult to justify outdated models.
March 22, 2021
The pressure on traditional enterprises to reinvent all aspects of their businesses to compete with their hyper-agile peers is greater than ever. Incumbents across industries are investing to transform their customer experience, redesign business processes and innovate their business models to stay relevant.
However, the strategy to become a digital company by designing modern software applications fails miserably during execution if the bottlenecks created by legacy IT application portfolio are not addressed.
Modern software application development is no longer ‘learn-a-technology-once-deliver-forever’ initiative. It is an ongoing journey, requiring continuous acquisition of specialty skills covering hyper-agility, UI/UX design, security, platform architecture, and more. Still, a large part of the enterprise IT budget and effort is spent on maintaining archaic systems that were built for yesterday’s business environment. This leaves the strategic digital transformation initiatives struggling and sputtering.
Due to all these reasons, legacy modernisation has become an imperative and not a choice anymore. When done right, legacy modernization drives business benefits around customer experience, product innovation, operational efficiency, speed to market, reduced risk and operational resilience.
Join us for this exclusive panel discussion to understand how you can establish a foundation for digital transformation at your enterprise by updating, migrating, upgrading, and re-platforming your legacy systems. We will share empirical evidence and real-life insights to help you realize the integral role legacy modernization plays in turning your organization into a digitally (re)born brand.
February 28, 2020
Organized by CLAVENT - Blockchain 3.0 was full of insights, vision, exploration and of-course discussing the extent of disruption and future of Blockchain Technology.
Prasoon shared his views on what initially inspired him to take this disruptive framework so seriously a few years back, and the journey from there to being a strong advocate of blockchain being truly a potential source of disruption in the financial services space. He spoke on some very interesting (potential) application of DLT on front, middle & back office systems of banks and how it’s adoption at scale may make a lot of existing ways of executing banking and financial operations completely redundant.
Most important, he also shared with the audience thought provoking insights on why and how should we differentiate between tokens and currencies. Because while tokens will be there to stay for a long time in being the real disruptors, the debate on currencies on blockchain may continue.
March 10, 2020
Re-wiring post trade – “choice to lead the change, or live on crumbs”
The post-trade market is becoming smaller, not by volume but by players, as the existing old structure continues to fragment as a consequence of fast evolving technological innovations, permitting new approaches to securities processing and information dissemination, allowing newer entities to enter the market. The days of plenty are numbered as the size of the industry declines and innovation is now in the hands of FinTecs that operate at the technological front-line. The key strategy for the incumbents to succeed in this scenario is to work in consortium, remove some of the barriers to entry and partner with FinTechs who have more viable ecosystems to innovate, than their own floors. The real synergy is in multiplying on a foundation that gets build on technical competencies of FinTechs and domain expertise of incumbents. This article explores many of such levers.
September 27, 2020
Reverse Pitch is like a normal pitch, but with the roles reversed. That means the startup doesn’t present its business to companies, but companies present their business requirements, challenges to the startups.
November 27, 2019
By Prasoon Mukherjee, includes “… with the advent of blockchain and it's growing adoption across industries, it may not be any more necessary to centralize trust on auditors to play the key role as watchdogs but with a framework known as ‘Triple Entry Accounting’, this governance could be decentralized using distributed ledger framework as the underlying technology. … let us first look at more cases in the public domain where accounting and auditing went wrong....