As asset managers seek new ways to stay ahead of the competition, one primary focus has been leveraging technology to help drive successful distribution strategies. By delivering efficiency and a better client experience at scale, asset managers can use the power of technology to become top industry...
Read More...Business Architecture in the Asset Management Sector Let's examine business architecture in the asset management sector. The asset management or investment management industry is critical to the financial services sector. The complex business process and technology landscape make it a strategic impe...
Read More...As Chief Data Officers (CDOs) and data architects in the financial services sector look to drive value from their data effectively, a robust data analytics strategy is critical. In addition to these processes, developing a comprehensive plan for implementing effective information provisioning dashboards...
Read More...Ten Successful Examples of Big Data and AI Projects in Financial Services Goldman Sachs utilizes AI for fraud detection to reduce false positive alerts and allow for quick action. BofA implemented Big Data to gather customer insights for personalized offerings, leading to a decrease in customer...
Read More...As financial advisors and RIAs strive to efficiently serve an expanding range of high-net-worth clients, they must look beyond the traditional family office, which is tailored chiefly for ultra-high-worth clients. Thanks to technology advancements, advisors can now leverage tech-enabled virtual family...
Read More...Last decade, the talk was about Robo Advisors helping individuals invest for their future and make smarter financial decisions. Now, the next generation of Robo Advisors will be revolutionary, not just evolutionary - AI-powered and autonomous. The next-generation Robo Advisor will be an automated solution...
Read More...Blockchain technology is poised to become an integral part of the global financial services industry, enabling distributed and secure computing systems that facilitate trustless transactions, decentralized finance (DeFi), faster payments, improved compliance, enhanced programmability, etc. It can...
Read More...Blockchain technology has emerged in recent years as having immense potential to transform traditional business models across industries. A blockchain is a distributed ledger that forms a permanent, transparent record of transactions through a decentralized, peer-to-peer network. This secure, trusted...
Read More...The financial services sector is transforming at a rapid pace with newer technology innovations such as Artificial Intelligence, Machine Learning, and the Internet of Things disrupting traditional customer service models. Consequently, to stay in the competition, FSIs need leveraged strategic enablers...
Read More...Ten Successful Examples of Big Data and AI Projects in Financial Services Goldman Sachs utilizes AI for fraud detection to reduce false positive alerts and allow for quick action. BofA implemented Big Data to gather customer insights for personalized offerings, leading to a decrease in customer...
Read More...The Ultimate Guide to Business Architecture in Wealth Management Overview of Business Architecture in Wealth Management Business architecture is the strategic blueprint that aligns an organization's operational structure with its overarching objectives. It systematically lays out the processes, or...
Read More...Overview of Business Architecture in Life and Annuity Insurance Business architecture is an organization's blueprint outlining its structure, processes, information systems, and strategies to achieve its objectives. It acts as a bridge between an organization's strategic vision and its operational executio...
Read More...For Advisors, CRM can be a Strategic Differentiator. As a financial advisor, staying ahead of your competition and keeping clients happy is essential to success. Fortunately, technology has provided invaluable tools like CRM (Customer Relationship Management) software to help you build strong relationships...
Read More...An in-depth overview of Automated Financial Advice and high-touch wealth services powered by high-tech. Executive Summary of Automated Financial Advice The financial landscape is rife with a colossal demand for financial advice, primarily stemming from the mass retail and mass affluent segments. T...
Read More...Synthetic Data in Financial Services The following is an executive guide to synthetic data in financial services with an in-depth analysis of the concepts, use cases, benefits, risks, and implementation approaches. Introduction to Synthetic Data Definition of Synthetic Data Synthetic data refers to ar...
Read More...Industry Clouds: Accelerating Digital Transformation in Vertical Markets The cloud computing landscape is evolving, and industry clouds are emerging as a powerful tool for organizations looking to accelerate digital transformation within specific vertical markets. Industry clouds offer tailored solution...
Read More...Here's a baker's dozen Pitfalls and challenges of Cloud Adoption. Cloud computing has transformed businesses' operations, offering unparalleled flexibility, scalability, and cost savings. However, cloud adoption and migration can be fraught with challenges and pitfalls. This article outlines a baker's...
Read More...Ten Ideas How Life Insurers Can Transform for the Digital and Cognitive Era. Once viewed as a staid industry rooted in age-old practices, the life insurance sector stands on the precipice of profound transformation. This change isn't merely driven by digitization and a more encompassing evolution:...
Read More...Ten Ideas How Hedge Funds Can Transform for the Digital and Cognitive Era.In today's rapidly evolving financial landscape, hedge funds are at the cusp of a new age: the Digital and Cognitive Era. This epoch is characterized not just by the sheer volume of data available but by the unprecedented means...
Read More...The hedge fund industry is a rapidly growing sector of the global financial market. With over $3 trillion in assets under management, the top 25 hedge funds manage an impressive portion of this wealth. Here is a list of the top 25 hedge funds and their respective Assets Under Management (AUM) as of 3/11/2023. Note: We compile this info...
Read More...A comprehensive and in-depth guide to Business Architecture-Enabled Cybersecurity. In today's interconnected world, the cybersecurity landscape evolves unprecedentedly. As technology advances, so do the capabilities and strategies of cybercriminals, posing a continuous and escalating threat to businesses...
Read More...Smart Buildings and Cybersecurity Threats are critical issues for the real estate industry. The real estate industry has witnessed unprecedented technological advancements in the past two decades. Once a traditional industry, real estate has now welcomed technologies ranging from artificial intelligence...
Read More...Software-as-a-Service (SaaS): A Brief Overview Software-as-a-Service, commonly known as SaaS, represents a software delivery model where a provider hosts applications and makes them available to customers over the Internet. Unlike traditional software that requires installation on individual machines...
Read More...Commercial Real Estate Doldrums The commercial real estate (CRE) market is navigating a period of pronounced uncertainty. Unprecedented volatility has been a defining characteristic in recent years, rendering traditional forecasting and risk management methods less reliable. Consequently, both firms an...
Read More...The P2P Payments Market Landscape The current landscape of the peer-to-peer (P2P) payments market reflects a rapidly growing and highly dynamic sector, steered by the growing need for cashless transactions and the increase in smartphone penetration globally. Notably, the market's evolution is hallmarked b...
Read More...How Financial Services Companies can turn Compliance into a Competitive Advantage? In today's business environment, compliance is critical to financial services companies operations. While some might view compliance as a necessary burden, proactive organizations understand the value of adopting a st...
Read More...RegTech—the application of technology to address regulatory compliance—has emerged as an increasingly attractive solution as the financial services sector continues to evolve. This saves costs and gives firms a competitive advantage by helping them stay ahead of cumbersome regulations––a vital...
Read More...Top Intelligent Automation Use Cases in P&C Insurance. The insurance industry is going through a significant transformation driven by technological advancements such as artificial intelligence and machine learning. The use of intelligent automation in Property and Casualty (P&C) insurance is ...
Read More...Intelligent Automation Use Cases in Life Insurance. Intelligent automation is changing the game for companies in the life insurance industry. From underwriting to claims processing, this technology streamlines processes improves efficiency, and enhances customer experience. This article explores the ...
Read More...For a long-term strategic perspective, it is essential to look beyond Crypto Winter. Cryptocurrency markets have experienced an extreme rollercoaster ride in just the last year, with Bitcoin once reaching record highs above $70,000 before bearing a severe sell-off that has seen it drop to around $20,000....
Read More...It seems much of the Fintech action in recent years has been in retail banking and for the casual observer, the digital transformation of commercial and corporate banking still appears to be stuck in the analog world. However, if one looks closely at the strategy and ...
Read More...Banking Transformation Challenges - The top pitfalls in the digital transformation of a bank Holistic banking transformation is a strategic game plan to digitally transform a bank and reinvent the core areas of banking. As most top bankers realize, the digital transformation of banking is not a cake wal...
Read More...Financial Services Online Account Opening is a pivotal capability for banks and financial services firms. In 1994, Bill Gates famously said, "Banking is essential, banks are not." In the developing world, mobile banking trends must be inclusive in providing mobile payment and banking options. Banks ...
Read More...How does one balance the KYC Considerations in Digital Account Opening Transformation? It is evident that financial services firms need to up their digital game and transforming account opening capability is one of the essential items in this digital age where customer experience reigns as the sup...
Read More...Nothing seems to scare insurance executives more than insurance industry commoditization. They fear that their companies will be relegated to the status of discounters; peddling bare-bones products at the lowest price with little or no service provided. These concerns are reinforced by the auto in...
Read More...ESG investing, which stands for Environmental, Social, and Governance investing, is an investment approach that considers a company's environmental, social, and governance practices alongside traditional...
Read More...Comparative raters, also known as insurance rating engines or comparison tools, are software applications or online platforms used by insurance agents, brokers, and sometimes consumers to obtain and compare...
Read More...The last decade has witnessed significant growth in adopting and developing Application Programming Interfaces (APIs). APIs are the fundamental building blocks that enable different software applications...
Read More...Financial Crime Management refers to the processes, strategies, and practices organizations, financial institutions, and regulatory authorities employ to identify, prevent, detect, and mitigate financial...
Read More...Digital Account Opening (DAO) refers to the process that allows customers to open a new bank account or financial services account entirely online or through digital platforms. This is an increasingly...
Read More...Portfolio or investment accounting systems are software applications used by financial institutions, asset managers, hedge funds, and other businesses to manage and track their investments' financial transactions...
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