Aare Reintam Chief Operating Officer at CybExer Technologies
Cybersecurity threats have been a grim reality for the financial sector for a long time now. According to a recent report from the IMF, the industry has been hit by over 20,000 attacks, resulting in a $12bn loss over the last 20 years. Moreover, digitalisation has introduced new vulnerabilities and cyber risks to an already vulnerable sector. Whil...
10 June 2024 /security Information Security
Alex Kreger Founder & CEO at UXDA
In an increasingly competitive banking industry, the focus is often on improving front office solutions: desktop and mobile banking applications. However, a critical, yet frequently overlooked aspect is the back office – the core systems that keep the bank's engine running. According to a World Economic Forum report by Bain & Company, only 1% ...
10 June 2024 /retail /devops Banking Strategy, Digital and Transformation
Raktim Singh Senior Industry Principal at Infosys
In this digital world, where new advancements constantly unfold, we find ourselves more interconnected than ever. Technology has not only connected us but also empowered us to access information and services at our fingertips. This personalized approach, tailored to our unique needs and preferences, not only enhances our sense of control but also m...
08 June 2024 /sustainable /inclusion Technology for Social Good
Mayuri Jain Senior Manager, BFSI Industry Marketing at Persistent Systems Inc.
FedWire, operated by the Federal Reserve Banks, is essential for large-value and time-sensitive payments, ensuring secure and efficient fund transfers between financial institutions. As the financial landscape evolves, the upcoming modernization of FedWire presents significant implications for financial enterprises. Importance of FedWire FedWire...
07 June 2024 /payments The Payments Business
William Perry Regional Director, UK&I MEA at Medallia
In the intricate world of finance, there are a myriad of challenges influencing how financial organisations operate and serve customer needs. The emergence of challenger brands, new regulations like Consumer Duty and changing customer demands have caused waves in the market. Changes in consumer behaviour brought on by the expected waning of the hi...
07 June 2024 Business
Steve Sabin SVP, Division Executive, Lending at FIS
In case you hadn’t noticed, technology has made huge advances over the last 10 to 15 years. In all that time, however, the commercial loan syndication market has resisted the pressure to digitally transform. Until recently, there’s been enough profit margin to support the heavily manual, labor-intensive processes that still underpin syndicated lend...
07 June 2024 /markets /predictions Banking and Lending Solutions
Steve Bradford Senior Vice President EMEA at SailPoint
Financial services is one of the most regulated and well-resourced sectors when it comes to cybersecurity. Yet it’s also one of the biggest targets for increasingly sophisticated cybercrime, with hackers seeking its lucrative assets. In 2023, the number of ransomware attacks in the financial industry rose by nearly two thirds (64%), almost doubli...
07 June 2024 /security /identity Digital Bank Transformation
Nicole Pienkos Head of Regional Banking at FIS
“AI banking, or Artificial Intelligence in banking, refers to the application of various AI technologies such as machine learning, natural language processing, and robotic process automation within the banking and financial services industry. These technologies enable banks and financial institutions to automate processes, enhance customer service...
06 June 2024 /ai /retail Banking Strategy, Digital and Transformation
Harriet Christie Chief Operating Officer at Mirrorweb
The typical narrative is that as time passes, digital regulation becomes more stringent. Accountability becomes a greater requirement as technology continues to advance and occupy a more meaningful proportion of our professional lives. There’s nothing new here, and yet recent regulatory activity has been even more intense than expected across a va...
06 June 2024 /regulation /wealth Fintech
Sergei Grechkin Chief Risk Officer at AIFM Cayros Capital
The financial industry has been rapidly integrating Artificial Intelligence (AI) to enhance various aspects of its operations, including the pricing of interest rate derivative contracts. Interest rate derivatives, such as swaps, options, and futures, are essential tools for managing exposure to fluctuations in interest rates. The traditional met...
06 June 2024 /ai /predictions Artificial Intelligence and Financial Services
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