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When it comes to credit risk monitoring, many banks find themselves falling behind the regulatory expectations. Regulators are expecting banks to take a more proactive approach, using forward-looking data and deploying a broader set of indicators in their early warning systems (EWS). The European Banking Authority (EBA) guidelines on loan originat...
05 April 2023 /regulation /devops Banking Strategy, Digital and Transformation
“Data is a precious thing and will last longer than the systems themselves.” So said Tim Berners-Lee, the inventor of the World Wide Web. ‘Precious’ provided the data is indeed trustworthy and of assured and consistent quality. And customers indisputably have conceded to the fact that Data Quality indeed forms the foundation of all their data ma...
04 April 2023 Data Management and Governance
Introduction The inundation of data from all quarters have left businesses grappling with the pressure to increasingly leverage data to improve their performance. Needless to say, despite the best of cutting edge technologies and Analytical platforms, there remains the longing desire for data democratization , a world where business executives no...
03 April 2023 Data Management and Governance
Staying relevant in today’s times necessitates digital enterprises bridge the gap between data generated internally vs externally whilst continuing to drawing meaningful insights. As copious amounts of data continue to get generated by the second and one cannot undermine the significance that MDM brings to the table in the age of cognitive computi...
01 April 2023 Data Management and Governance
While organisations have typically survived in data silos for years and with companies having access to more data than ever before in the digital world, data is now recognized as a vital enterprise asset. Thus, there is a scramble to give data its due importance and thus the world has witnessed a surge in Data Management programs, some small and o...
31 March 2023 Data Management 101
Introduction We bid farewell to 2022 with a Christmas present from the Chancellor where he announced and reinforced a spate of new and on-going initiatives for the financial services sector. Continuing with the momentum, the first quarter of the 2023 has been buzzing with regulatory updates around Conduct, Digital Payments, Re-alignment of EU re...
30 March 2023 /regulation /markets Banking Regulations
In the middle of the great financial crisis I remember listening to Bill Mott, one of the leading fund managers at the time, discussing the challenging task central banks had ahead of them. He called it the “biggest financial experiment in history” and related the challenge to pulling a brick with a piece of elastic. There is some effort required...
30 March 2023 /regulation /wealth Banking Strategy, Digital and Transformation
AI is skyrocketing (again) while the panic is all around in the Financial Services Industry God knows what the next economic storm is going to be; along with the rise of digital banking, and the increasing complexity of financial transactions, the banks are struggling to keep up with the pace so it won’t go belly up. The question in thought lea
28 March 2023 /regulation /predictions Analytics in Banking
As the first quarter of 2023 draws to a close, Financial Services Institutions (FSIs) are one step closer to needing to demonstrate compliance with the Financial Conduct Authority’s (FCA) Consumer Duty. Coming into force for most FSIs on 31 July 2023 (or 30 April for manufacturers and investment businesses that produce, issue, design or build fina...
27 March 2023 /regulation /retail Financial Services Regulation
The NFT market has seen humongous growth in the last few months as people have realized the true potential of these tokens apart from their speculatory nature. Entrepreneurs have started seriously considering operating the NFT marketplace as a business. While the model provides a lot of benefits to such entrepreneurs, there are also challenges tha...
25 March 2023 /crypto Crypto, DeFi & NFT Updates
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