12 Results
Vishwanath Thanalapatti Analytics at Temenos
In my earlier blog I put forth the point, that a comprehensive knowledge of industry specific workflow is necessary for modelling an innovative business process. I will illustrate this with the task of a ‘Customer Deposits Cash’ in the work flow ‘Cash Deposit’; then follow it up with the use case modelling of business processes on the foundatio...
09 May 2021 /retail Digital Banking Trends
I was in conversation with a person from a digital engagement platform (DEP) provider, the conversation was all process. As a banker who has grown straddling banking and technology, I realised quickly she had little knowledge of the underlying business workflow. Banking, accepting money for lending is one of the oldest professions, quite versat...
03 May 2021 /people /retail Digital Banking Trends
The corporate world was better prepared in the wake of the tectonic shifts that we are passing through. All that was required was a change in the mind set; this without the option. The digital mantra kept the office lights burning. A solitary office where the employees congregated each morning mushroomed into 60 separate SOHOs. Thanks to intern...
23 June 2020 /covid-19 Artificial Intelligence and Financial Services
Analytics of late, is on the main stage for several organisations across industries. I have seen several implementations. As a consultant evaluated the cost benefit (investment to business value) and viewed it donning the hat of an information system auditor. This article is written from that experience. The business value is in the design of ass...
09 September 2019 Analytics in Banking
Digitisation is the brick and mortar of modern day business with analytics as a strategic component; Underlying analytics are scores of algorithms, call it machine learning or AI that help to determine and in a way modulate customers’ behaviour. In addition, assist in decision-making. The potency of analytics is in the design of dashboards specifi...
08 July 2019 Analytics in Banking
When I started my career in banking the universe was very different. Travelling back in time it looks like a different planet altogether. ‘Logan’s Run’ created waves as did ‘The close encounter of the third kind’; Ray Bradbury’s stories transposed one to a different time and space. Customers walked into branches and the relationship managers ceme...
17 December 2018 Digital Banking, Mortgages and Savings
Numbers are more persuasive; visual representations gravitate bringing the ‘wow’ factor. All this is possible by the sophisticated tools of today that churn large amounts of data into nice beautiful picturesque dashboards. Some look like abstract art that would have certainly thrilled Picasso. The CxOs use these to make ‘fact based’ business deci...
14 December 2018 Data Management 101
Analytics descriptive or predictive is normally associated with data that has accumulated over time banks went digital with introduction of computers in operations. Data thus accumulated grew to big data which is the foundation for analytics. However with open banking this is changing. Openbanking does not have bigdata as a startpoint for anal...
09 October 2018 Open Banking
Indian banking system is reeling under a series of reported frauds in the last few weeks. The mother of all is the USD 1.7 billion at PNB (Punjab National Bank) which is amongst the top public sector banks. Modus Operandi: An Indian bank (A) issues an LOU (Letter of undertaking) at the request of a corporate to a bank in a different country (B), gu...
21 February 2018 /regulation Financial Risk Management
Open banking is catching the imagination of consultants, analysts, commentators and general public. One reads about the benefits from data sharing with third parties, concerns over data privacy and on the technology front-information and electronic security. I thought it best to ask a friend of mine in London, what her views are on open banking an...
08 February 2018 Open Banking
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