IBM Services

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Banks want to tap into these new innovations.

Service 59

Service Banking Cybersecurity Regulations 59

Everest Group

FEBRUARY 16, 2024

Financial Crime and Compliance (FCC) Operations Services The Financial Crime and Compliance (FCC) operations landscape is rapidly expanding within the Banking and Financial Services (BFS) industry.

Co-Sourcing 69

Co-Sourcing Banking Service Advisory 69

IBM Services

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This means actively minimizing downtime and closing gaps in the supply chain to remain competitive.

Cybersecurity 78

Cybersecurity Regulations Banking Risk Management 78

Everest Group

MARCH 11, 2024

Cloud service providers are vital partners in helping Banking and Financial Services (BFS) institutions build robust systems for cloud migration and exit strategies to maneuver complex regulatory and operational environments. In the BFS industry , cloud has become synonymous with innovation and agility.

Banking 59

Banking Service Regulations Flexibility 59

Perficient Digital Transformation

FEBRUARY 22, 2023

Perficient is looking forward to bringing our unique combination of automation technical know-how along with financial services and payments industry expertise to the Banking Automation Summit in Charlotte, North Carolina on March 2-3. We’re observing the banking industry’s growing use of RPA.

Banking 111

Banking Automation Robotics Process Automation Reduced Costs 111

Everest Group

FEBRUARY 2, 2023

Blockchain technology promises to transform banking, financial services, and FinTechs by enhancing the digital customer experience while lowering costs and reducing data risks in a secure environment. Service providers investing in blockchain capabilities will win in the long run. What is blockchain?

Banking 98

Banking Service Right-Sizing Automation 98

Everest Group

JULY 17, 2023

Banking Operations – Services PEAK Matrix® Assessment The banking operations market has become relatively consolidated at the top, with the leading participants capturing a larger share of the market. Additionally, specialists have entered specific banking segments.

Banking 52

Banking Service Advisory Finance 52

IBM Business Partners

JUNE 12, 2023

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach.

Banking 92

Banking Cybersecurity Collaborations Service 92

Everest Group

MARCH 16, 2023

With the recent banking implosion, the global financial services industry , technology companies, and service providers will be hit in different ways. Let’s explore the reverberations of these concerning banking trends.

Banking 52

Banking Service Right-Sizing Risk Management 52

Perficient Digital Transformation

DECEMBER 28, 2023

The Consumer Financial Protection Bureau (CFPB) has narrowed its focus on what it terms “junk fees” targeting financial industry practices. The CFPB’s Problem with Junk Fees Recently, a regional bank headquartered in Richmond, VA faced a hefty $6.2 Unexpected fees for a product or service.

Banking 52

Banking Advisory Collaborations Service 52

IBM Services

APRIL 18, 2023

ISO 20022 is a global standard for financial messaging that aims to standardize electronic data interchange between financial institutions. It provides a structured way of exchanging data for financial transactions, including payments, securities and trade services. Real-Time Payments and Wire Transfer).

Banking 115

Banking Analytics Risk Management Risk Management 115

Perficient Digital Transformation

DECEMBER 6, 2023

In recent years, the Consumer Financial Protection Bureau (CFPB) has significantly broadened its oversight, extending beyond major banks to address concerns in various industries, such as payday loan providers, credit reporting agencies, and most recently, the medical debt collection sector.

Banking 52

Banking Regulations Healthcare Outsourcing 52

3Pillar Global

OCTOBER 3, 2023

3Pillar’s Financial Services Industry Lead, Rob Murray , joins us on The Innovation Engine podcast to share some of the latest insights he’s gleaned from serving 3Pillar clients across the Financial Services space.

Service 59

Service Banking Cybersecurity Insurance 59

Hyland

FEBRUARY 2, 2023

Today’s consumers demand fast and efficient digital channels to conduct financial transactions. How can banks and credit unions keep up with the increased demand? BAI , a nonprofit that provides research, training and thought leadership in financial services, recently discussed key industry trends with Steve Comer.

Banking 91

Banking Automation Robotics Process Automation Reduced Costs 91

IBM Services

SEPTEMBER 18, 2023

The payments ecosystem is at an inflection point for transformation, especially as we see the rise of disruptive digital entrants who are introducing new payment methods, such as cryptocurrency and central bank digital currencies (CDBC). This is just one of many examples that show how the payments space has evolved.

Banking 75

Banking Regulations Design Risk Management 75

IBM Services

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. This is something we’re likely to see more of this year.

Service 51

Service Banking Risk Management Risk Management 51

Perficient Digital Transformation

MARCH 30, 2023

Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud. Given their unique vulnerabilities, what do financial services institutions need to consider when migrating to the cloud?

Banking 115

Banking Automation Regulations Sourcing 115

Perficient Digital Transformation

DECEMBER 22, 2023

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. A pivotal aspect of this conversation revolves around the regulatory perspective toward AI.

Banking 52

Banking Risk Management Risk Management Cybersecurity 52

Perficient Digital Transformation

JANUARY 25, 2023

2023 has commenced, and rates are climbing, inflation is bubbling, and banking customers are continuing to demand hyper-personalized products and experiences from their institutions. Here are five banking trends we’re forecasting for the new year. Three prominent areas where there is a strong desire to optimize: Data.

Banking 111

Banking Sales Design Insurance 111

Hyland

JANUARY 20, 2023

Factor in always-rising customer expectations, and the industry is often in need of technology solutions. To get a better sense of where things stand at the start of the year, we turned to Chris Sims , Hyland’s Industry Consultant for Financial Services. Most banks don’t have time or resources to waste.

Banking 84

Banking Robotics Process Automation Retail Out-Tasking 84

IBM Business Partners

AUGUST 17, 2023

The financial world has been revolutionized by blockchain technology, which has enabled peer-to-peer transactions without the need for intermediaries. The introduction of Central Bank Digital Currency (CBDC) has added a new dimension to blockchain technology that transforms the future of payments for businesses and individuals.

Banking 74

Banking E-Commerce Supply Chain Management Government 74

Everest Group

FEBRUARY 2, 2023

With the advent of chatbots reaching human-like sentience and mannerisms, and banks being at the forefront of adopting conversational Artificial Intelligence (AI ), the question arises whether ChatGPT threatens the likes of Google, other AI platforms, and the non-critical workforce in the technology and services industries.

Banking 52

Banking Out-Tasking Insurance Data Entry 52

Everest Group

JANUARY 12, 2024

While the future of digital assets was once uncertain, the recent surge in investments, partnerships, and pilot use cases spearheaded by banks and technology giants has laid the doubts to rest. This holds particularly true for cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs). Read on to learn more.

Banking 64

Banking Retail Insurance Collaborations 64

Perficient Digital Transformation

DECEMBER 27, 2023

While the digital landscape continues to expand, another risk banks need to be wary of is scams. An emerging scam known as “pig butchering” was recently flagged by the Financial Crimes Enforcement Network (FinCEN). Other, traditional financial crime risks, especially fraud, continue to demand banks’ vigilance.

Banking 52

Banking Regulations Service Management 52

Everest Group

FEBRUARY 22, 2024

With the deadline for the European Union’s Digital Operational Resilience Act (DORA) less than a year away, financial entities and service providers need to begin acting to reach compliance. Financial institutions and authorities are working toward meeting the implementation deadline of January 17, 2025.

Regulations 59

Regulations Cybersecurity Risk Management Risk Management 59

Everest Group

JULY 13, 2023

Payments IT Services PEAK Matrix® Assessment The payments landscape is changing rapidly. Financial institutions are investing in modernizing payment infrastructure to support instant payments, leverage monetization opportunities, provide alternative payment methods, and launch digital currencies.

Service 98

Service Banking Insurance Healthcare 98

Everest Group

JANUARY 25, 2023

Webinar Future-proof your organization with a modern and efficient core system in the era of scarce budgets January 25, 2023 10:00 AM PT | 1 PM ET Join Everest Group’s Ronak Doshi and other industry experts on this webinar to understand how modernized, efficient, and future-proof core systems can be created at organizations.

Efficiency 52

Efficiency Banking Retail Collaborations 52

IBM Services

NOVEMBER 14, 2023

In today’s hyper-competitive digital landscape, the rapid development of new digital services is essential for staying ahead of the curve. Shockingly, a staggering 33% of developers lack the necessary skills or resources, hindering their productivity in delivering products and services.

Service 100

Service Regulations Automation Banking 100

MicroAgility

JUNE 30, 2022

It will fundamentally transform the existing operating models of finance and economy, which might lead to a new round of technological innovations and industrial transformation within the FinTech industry. Blockchain payment and financial services applications are bound to transform how the world acts and interacts.

Service 52

Service Banking Finance Insurance 52

3Pillar Global

SEPTEMBER 6, 2023

The acquisition augments 3Pillar’s deep experience in providing cloud-native product development with Chenoa’s low-code and no-code development services while building greater scale in AI and machine learning capabilities across the combined entity. served as the exclusive financial advisor to Chenoa Information Services.

Marketing 98

Marketing Service Insurance Banking 98

Perficient Digital Transformation

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence Perficient’s Risk and Regulatory Center of Excellence (CoE) remains at the forefront of evolving financial rules and regulations, ensuring readiness to tackle emerging challenges and safeguard financial institutions and its customers.

Inventory Management 52

Inventory Management Regulations Banking Government 52

Perficient Digital Transformation

NOVEMBER 10, 2023

Retail banks respond to the Federal Reserve’s short-term interest rate adjustments with corresponding changes in lending and deposit rates. When they need to change direct deposits, clear checks, or open new accounts at a bank, their funds often remain untouched. bank failures but rebounded in the second quarter.

Accounting 52

Accounting Banking Retail Risk Management 52

IBM Services

FEBRUARY 22, 2024

While AI can undoubtedly offer a competitive edge to organizations that effectively leverage its capabilities, we have seen unique concerns from industry to industry and region to region that must be considered—particularly around data. In just a few years, we have helped some of the world’s leading banks transform.

Regulations 78

Regulations Cybersecurity Design Government 78

3Pillar Global

MAY 1, 2023

Financial institutions are now finding the need to not only develop more sophisticated digital products, but also to include an integrated, multi-channel digital payment strategy, as well. They also expect to conduct financial transactions easily online and in real time, taking only a few minutes to complete their business.

E-Commerce 98

E-Commerce Banking Accounting Retail 98

Everest Group

MARCH 13, 2024

Though a recent Everest Group survey revealed the pressing need for mainframe modernization, the technology is far from dead in the banking, financial services, and insurance (BFSI) industry. The BFSI industry is indeed grappling with the prospect of abandoning this approach.

Banking 64

Banking Insurance Out-Tasking Efficiency 64

Perficient Digital Transformation

FEBRUARY 15, 2024

This blog was co-authored by Perficient Risk and Regulatory CoE Member: Alicia Lawrence The announcement of significant amendments to the New York State Department of Financial Services (NYSDFS) regulations on December 1, 2023, represents a pivotal moment for entities operating within New York’s financial sector.

Inventory Management 52

Inventory Management Regulations Banking Government 52

Perficient Digital Transformation

NOVEMBER 17, 2023

In our previous article, “ Transaction Accounts: Analyzing Deposit Stickiness in the Current Interest Rate Environment ,” Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) explored the sharp decline in transaction account balances over an 18-month period. Contact us today!

Retail 52

Retail Banking Accounting Risk Management 52