Everest Group

OCTOBER 19, 2023

Finance and Accounting Outsourcing (FAO) The global multi-process Finance and Accounting Outsourcing (FAO) market continued to grow at a steady rate of 11-13% in 2022 and is expected to continue this growth trajectory for the next three years. This change underlines how corporations are realizing the strategic value of F&A.

Finance 162

Finance Accounting Outsourcing Advisory 162

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. Banks’ risk management functions also will be scrutinized again. For example, only one of the seven members of SVB’s Risk Committee had risk management experience.

Banking 130

Banking Service Right-Sizing Risk Management 130

Forrester Digital Transformation

MARCH 7, 2022

Forrester predicts that in 2022, one in 10 experienced security pros will exit the industry. This brain drain is the result of a few dynamics colliding: poor financial and advancement incentives; general stress and burnout impacting security teams; and cybersecurity’s dirty little secret, workplace toxicity!

Cybersecurity 246

Cybersecurity Risk Management Risk Management Management 246

Infosys Consulting

SEPTEMBER 25, 2023

As financial services institutions continue to seek a competitive advantage and strive to increase market share, the ability to leverage and monetize data has become a necessity in today’s hyper-competitive environment. By assessing behavioral data, organizations can identify patterns that indicate “at-risk” customers.

Risk Management 52

Risk Management Risk Management Management Service 52

Everest Group

NOVEMBER 28, 2023

Conning’s analysis of statutory filings found that premiums generated by MGAs for US insurance companies grew at a startling rate of 27% in 2022. Everest Group’s research shows just about half of the major US-based property and casualty (P&C) insurers utilize MGAs to cover specialized risk.

Insurance 147

Insurance Service Co-Sourcing Analytics 147

Globalization Partners

MARCH 17, 2022

While some companies can easily do so, many others find the process to be extremely complex due to the multiple capital requirements involved — and the lack of expertise in local labor laws, taxes, compliance, and risk management also makes it a time-consuming process that can take up to a year or more. Enter new markets.

Regulations 98

Regulations Payroll Out-Tasking Risk Management 98

Perficient Digital Transformation

JANUARY 13, 2022

Most of the major cloud providers all boasted significant revenue growth in 2021 and 2022 is poised to be another huge year for the cloud industry. The continued growth of containers will be a big trend to watch out for in 2022. Better security and risk management. Here are some key trends to look out for this year: 1.

Automation 69

Automation Jobbing Risk Management Risk Management 69

31 West

DECEMBER 1, 2022

Thankfully, the transition to a digital workflow has become a lot easier with cloud-based IT management platforms like ServiceNow. It’s a cloud-based IT management platform that automates your business operations and ensures fast service delivery. ServiceNow has applications and modules that go beyond IT services.

Finance 130

Finance Software Risk Management Risk Management 130

Everest Group

OCTOBER 14, 2021

It may seem at times that the IT and procurement departments can be on different planets when it comes to IT sourcing services spend. The typical procurement team is not involved in nearly half of their company’s services spend, as can be seen in the exhibit below. But it doesn’t have to be “us” versus “them.” trillion in 2021, an 8.6%

Sourcing 130

Sourcing Cybersecurity Right-Sizing Risk Management 130

Forrester Digital Transformation

JULY 14, 2022

On July 6, 2022, The Travelers Property Casualty Company of America (Travelers Insurance) filed a suit in Illinois Federal Court against International Control Services, Inc (ICS) asking for policy rescission and declaratory judgment against ICS.

Insurance 130

Insurance Service Risk Management Risk Management 130

Everest Group

NOVEMBER 15, 2023

Everest Group’s Strategic Engagement Reviews (SERs) reveal several key trends that hinder enterprises from realizing maximum value from business process services (BPS) contracts. During the pandemic, service providers were in emergency mode to ensure business continuity for their clients, which increased satisfaction scores in 2021.

Outsourcing 147

Outsourcing Government Service Banking 147

Groove Technology

MAY 7, 2024

In today’s globalized business environment, outsourcing IT functions is a strategic move for many companies looking to enhance service quality, reduce costs, and access a wider talent pool. This experience translates into better risk management, compliance, and understanding of global market nuances for their clients.

IT Outsourcing 130

IT Outsourcing Outsourcing Cybersecurity Software 130

IBM Services

OCTOBER 23, 2023

Many enterprises have also deployed a hybrid multicloud environment that’s reliant on an ecosystem of different cloud service providers. Many enterprises have also deployed a hybrid multicloud environment that’s reliant on an ecosystem of different cloud service providers.

Risk Management 89

Risk Management Risk Management Regulations Banking 89

Everest Group

MAY 19, 2022

Cyber insurers can benefit by partnering with service providers to seize opportunities for growth and profitability in this fast-growing market. Insurers are also offering joint go-to-market (GTM) products to provide comprehensive cyber risk management solutions to enterprises. Read on to learn how. .

Insurance 130

Insurance Marketing Cybersecurity Engineering 130

Forrester Digital Transformation

MARCH 24, 2022

On Tuesday, March 22, 2022, identity-as-a-service (IDaaS) provider Okta announced that it had detected an attempt to compromise the account of a partner in January 2022. The announcement came after the hacking group Lapsus$ posted screenshots of a computer used by one of Okta’s third-party customer support engineers.

Engineering 100

Engineering Customer Support Accounting Service 100

Amzur

JULY 18, 2024

trillion in enterprise IT spending in 2022, rising to approximately $1.8 Example: A financial services firm can set a goal to reduce IT operational costs by 25% within the first year post-migration and establish KPIs to measure cost savings, system uptime, and user satisfaction. Digital transformation thrives on innovation.

Risk Management 111

Risk Management Risk Management Cost Control Design 111

Vilmate

MARCH 23, 2022

And most importantly, what proptech trends are likely to dominate in 2022? Proptech has eagerly grasped the benefits IoT provides and put it to service for multiple purposes: Data monitoring of premises. You may also enjoy: AI for Risk Management: Why Use and How to Ace It. But what is ‘property’ foremost?

Software 52

Software Nearshoring Sourcing Risk Management 52

Capgemini

NOVEMBER 30, 2022

FOCUS ON DATA ECOSYSTEMS IN THE ERA OF FINANCIAL SERVICES Ashvin Parmar 7 September 2022. When it comes to data, the financial services industry has some of the greatest opportunities but also faces tremendous risks and pressures. They also get a better view of the client and their preferences.”.

Service 52

Service Finance Risk Management Risk Management 52

Everest Group

MAY 26, 2023

This can lower alert fatigue and improve the mean time to detect or discover (MTTD), mean time to restore (MTTR), and threat coverage, and enhance overall risk management strategies while reducing total security operations costs. More than 3.4

Cybersecurity 130

Cybersecurity Automation Analytics Risk Management 130

Perficient Digital Transformation

JANUARY 3, 2024

For brokers, in the financial services sector, remote work became especially difficult due to the requirement for firms to register and supervise all home office “branches.” When an announcement is made, Perficient’s Risk Management and Regulatory Capabilities Center of Excellence is dedicated to keeping the public informed.

Service 52

Service Regulations Flexibility Risk Management 52

Amzur

MARCH 10, 2022

Multi-cloud is a modern cloud computing method where organizations use more than two cloud services to manage their operations, data, and architecture. Since a few cloud solutions offer better services than others for a particular task, the multi-cloud architecture allows you to choose the best cloud vendor to meet your needs. .

Flexibility 98

Flexibility Out-Tasking Right-Sizing Risk Management 98

Perficient Digital Transformation

JANUARY 31, 2022

A couple of weeks ago, Crypto.com, one of the fastest-growing cryptocurrency platforms, was hacked on January 17, 2022. Firms that implement security solutions that customers understand and appreciate will improve the overall customer experience as well as reduce operational risk. We shouldn’t be that surprised.

Risk Management 69

Risk Management Risk Management Insurance Finance 69

SIG Speaks

FEBRUARY 1, 2022

2022 is off to a fast start and the future of procurement is squarely in view. She will be joined by Daryl Hammett, Global Head of Lead Management and Operations Amazon Web Services (AWS), who will lead an exciting deep-dive discussion. Top of Mind CPO Issues for 2022. February Microlearning by SIG University.

Sourcing 40

Sourcing Automation Advisory Shared Services 40

SIG Speaks

FEBRUARY 1, 2022

She will be joined by Daryl Hammett, Global Head of Lead Management and Operations Amazon Web Services (AWS), who will lead an exciting deep-dive discussion. Join your sourcing, procurement, and risk management colleagues in this two-hour interactive virtual environment to be challenged with topics related to our industries!

Sourcing 40

Sourcing Automation Advisory Shared Services 40

SIG Speaks

MAY 2, 2022

As the first half of 2022 comes to a close, procurement faces the reality of inflation and what that means for their supply chains. Join your sourcing, procurement, and risk management colleagues in this two-hour interactive virtual environment to be challenged with topics related to our industries! GEP Outlook 2022.

Sourcing 40

Sourcing Finance Shared Services Sales 40

SIG Speaks

NOVEMBER 7, 2022

On November 9, Angela Easterwood from Majel Partners and Elizabeth Zucker from The Hackett Group, will share how flawless category management can be leveraged to address today’s dynamic sourcing challenges. . 2022 State of Supplier Diversity Report. Supply Chain Digital Transformation Guide 2022. register now. .

Sourcing 40

Sourcing Collaborations Risk Management Risk Management 40

IBM Services

FEBRUARY 13, 2024

Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. In fact, in a 2022 survey , 73% of consumers said that traceability is important to them.

Strategic Sourcing 84

Strategic Sourcing Sourcing Supply Chain Management Manufacturing 84

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

Perficient Digital Transformation

NOVEMBER 10, 2023

However, in the current rising interest rate environment in the United States since 2022, loan rates have adapted more rapidly than deposit rates. Automatic Transfer Service (ATS) accounts Automatically transfers funds between individuals’ various accounts. bank failures but rebounded in the second quarter.

Accounting 52

Accounting Banking Retail Risk Management 52

Perficient Digital Transformation

DECEMBER 1, 2023

Immediately following the Silicon Valley Bank (SVB) failure, Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) swiftly analyzed publicly available documents, providing readers with a comprehensive breakdown of the bank’s failure.

Banking 52

Banking Insurance Regulations Risk Management 52

Hyland

NOVEMBER 9, 2022

Cloud data security for content services. Verizon’s 2022 Data Breach Investigations Report is a treasure trove of data breach insight. In addition to cloud service providers’ compliance needs , enterprises often have their own industry or geographically mandated compliance orders. Cloud data security best practices. Compliance.

Cybersecurity 98

Cybersecurity Automation Healthcare Software 98

Perficient Digital Transformation

SEPTEMBER 16, 2022

The Federal Reserve will require a firm, prior to engaging in crypto-asset-related activities, to have in place adequate systems, risk management, and controls so the new activities are practiced in a safe and sound manner that is compliant with applicable consumer protection statutes and regulations. Financial risk.

Banking 64

Banking Regulations Risk Management Risk Management 64

Capgemini

DECEMBER 15, 2022

Camille de Valk 16 Dec 2022. And should the financial services sector be looking into it sooner rather than later? Monte Carlo simulations are used extensively in the financial services sector to simulate the behavior of stochastic processes. Monte Carlo: is this quantum computing’s killer app?

Risk Management 52

Risk Management Risk Management Regulations Analytics 52

Perficient Digital Transformation

JUNE 25, 2024

Learning from history, he referenced the lack of regulatory controls in derivatives and financial engineering before the 2008 financial crisis, and more recently, the unregulated growth of cryptocurrencies leading to the “Crypto Winter” of 2022.

Banking 52

Banking Risk Management Risk Management Regulations 52

NoonDalton

OCTOBER 5, 2022

SaaS (Software as a Service) is a versatile cloud-based development strategy. billion in April 2022 and will be worth $ 208 billion by 2023. The service provider is responsible for the software’s quality, meeting all deadlines, communicating with the development team, and so on. The Advantages of Part-Time Model.

Outsourcing 86

Outsourcing Out-Tasking Flexibility Collaborations 86

Avasant

FEBRUARY 1, 2021

These emerging trends are covered in Avasant’s new Insurance Digital Services 2021-2022 RadarView report. The report recognizes service providers in four categories: . Leverage wearables and analytics to manage policyholders’ health , and provide personalized value-added services. .

Insurance 52

Insurance Risk Management Risk Management Manufacturing 52

Future of Sourcing

MAY 23, 2023

Hackers are sticking to their 2022 playbook as they target third parties with access to sensitive company information and more vulnerable security protocols. Business leaders looking to improve their third-party risk management strategies should: 1. Taking shortcuts on third-party risk management is not worth the risk.

Cybersecurity 52

Cybersecurity Risk Management Risk Management Pharmaceuticals 52