Everest Group

MAY 16, 2024

The Big Four accounting firms have been steadily expanding their service horizons, casting a wider net in the managed services market in pursuit of growth and diversification. With an estimated total addressable market of US$80-85 billion in 2023, the penetration rate is no more than 15-17%.

Service 64

Service Advisory Finance Accounting 64

Perficient Digital Transformation

JUNE 19, 2024

Our risk and regulatory compliance experts, Carl Aridas and Chandni Patel, have just returned from XLoD 2024 in New York. The event brought together the world’s top financial institutions and regulators to discuss the future of non-financial risk and control.

Out-Tasking 52

Out-Tasking Automation Risk Management Risk 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. DORA will impact all financial institutions and ICT third-party service providers.

Regulations 59

Regulations Cybersecurity Service Risk Management 59

Perficient Digital Transformation

MARCH 19, 2024

Our experts are closely monitoring nine healthcare trends that are shaping industry leaders’ strategies in 2024. Risk management, data access controls, and continuous monitoring and logging are likely on your checklist. Cloud services ’ importance has surged to meet the growing need for real-time, accessible data.

Healthcare 52

Healthcare Insurance Cybersecurity Collaborations 52

Perficient Digital Transformation

OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Regulations 52

Regulations Service Banking Cybersecurity 52

Perficient Digital Transformation

OCTOBER 8, 2024

At Dreamforce 2024, Perficient explored the integration of Databricks and Salesforce Data Cloud, focusing on an insurance industry use case. Acme’s use of telematics and a safe-driving tracker, combined with real-time insights from Databricks and Data Cloud, allowed Acme’s customer service team to proactively engage the family.

Insurance 52

Insurance Government Flexibility Manufacturing 52

Amzur

JUNE 7, 2023

As we step into 2023-2024, it becomes crucial for CFOs to stay ahead of the curve by embracing emerging trends and understanding the shifting priorities that will shape the financial landscape. Conducting a comprehensive risk assessment is another vital step. Technology plays a pivotal role in effective compliance and risk management.

Finance 52

Finance E-Commerce Analytics Risk Management 52

Capgemini

JANUARY 9, 2024

Sustainability in 2024: How businesses can transform for eco-conscious success Miguel Sossa Nov 14, 2023 Facebook Twitter Linkedin A common mistake companies make when transitioning to a green economy is to plan for the world as it currently is, as opposed to the world it’s rapidly becoming. Which tech trends should people follow in 2024?

Government 52

Government Regulations Right-Sizing Collaborations 52

Perficient Digital Transformation

NOVEMBER 4, 2024

CFTC The Commodity Futures Trading Commission’s (“CFTC”) which regulates derivatives market activity, not particular technologies, issued in January 2024 a Request For Comment on current and potential uses and risks of AI in CFTC-regulated derivatives markets. However, in 2024 the FDIC reduced its public-facing role.

Regulations 40

Regulations Service Banking Insurance 40

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

Capgemini

OCTOBER 30, 2024

The role of data and AI in driving sustainability for banks Satish Weber and Tej Vakta Oct 28, 2024 Facebook Linkedin How cutting-edge tech will shape the future of environmental and social impact in banking In finance, the goal is to go green – now more than ever. degree Celsius above pre-industrial levels.

Banking 52

Banking Service Insurance Finance 52

IBM Services

FEBRUARY 8, 2024

The European Parliament reached a provisional agreement on the EU AI Act in December 2023, it is now making its way through the final phases of the legislative process and is expected to rollout in stages in the second half of 2024. Risk management – preset risk thresholds, and proactively detect and mitigate AI model risks.

Government 77

Government Regulations Risk Management Risk Management 77

The Hackett Group

FEBRUARY 16, 2024

4) returned to the top five priorities for 2024, highlighting procurement executives’ concern over increased expectations for their function. Procurement is once again anticipating an efficiency gap in 2024 as workload is expected to increase by 8% in 2024, while budgets are expected to rise by only 1.6%. spending increase.

Advisory 59

Advisory Research Analytics Risk Management 59

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

Everest Group

NOVEMBER 28, 2023

Service provider partners have heavily invested in developing broader capabilities and solutions to tap into the growing technology adoption demands from MGAs. Don’t miss our annual webinar, Key Issues 2024: Creating Accelerated Value in a Dynamic World , to learn the major concerns, expectations, and trends for 2024.

Insurance 59

Insurance Service Co-Sourcing Analytics 59

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

AS White Global

JULY 7, 2022

The role of IT is more essential than ever in day-to-day operations to meet the increasing demand for faster delivery of services, accurate and real-time data collection, streamlining business processes, and optimum customer experience. An asset to business continuity and risk management. Scalability of services.

Offshoring 52

Offshoring Service Cybersecurity Outsourcing 52

IBM Services

MARCH 4, 2024

In 2024, companies confront significant disruption, requiring them to redefine labor productivity to prevent unrealized revenue, safeguard the software supply chain from attacks, and embed sustainability into operations to maintain competitiveness.

Government 103

Government Co-Sourcing Engineering Risk Management 103

Everest Group

OCTOBER 31, 2023

While the risks emanating from generative AI usage are notable, its benefits are too significant for enterprises to ignore. Consequently, enterprises that can leverage generative AI’s strengths while effectively mitigating its risks will outperform their peers.

Risk Management 64

Risk Management Risk Management Government Management 64

Perficient Digital Transformation

FEBRUARY 15, 2024

These DFS500 amendments signal a crucial shift in the regulatory landscape, emphasizing the imperative for robust governance, risk management, and compliance frameworks across the financial industry.

Inventory Management 52

Inventory Management Regulations Banking Government 52

IBM Services

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. billion in 2024, up from $563.6 to total $678.8 billion in 2023. Webex or Slack) hosted over the public internet.

Regulations 98

Regulations Flexibility Automation Healthcare 98

IBM Services

APRIL 11, 2024

A cloud-based infrastructure that uses IBM Cloud® for Financial Services can be the answer to ensure the security, privacy and flexibility needed to keep up with these changes in the industry. December 2024: Banks of EU and Eurozone countries are required to support receiving SEPA instant payments.

Banking 62

Banking Regulations Accounting Flexibility 62

Everest Group

AUGUST 9, 2024

The latest “Kufri” release, the second of three planned releases for 2024, marks another significant milestone for the company. Kufri’s focus on data and analytics provides insurers with deeper insights, particularly in areas like property insurance and cyber risk assessment.

Insurance 64

Insurance Marketing Analytics Efficiency 64

Perficient Digital Transformation

JUNE 25, 2024

Hsu, addressed the 2024 Conference on Artificial Intelligence (AI) and Financial Stability, providing critical regulatory insights on AI. Hsu discussed the systemic risk implications of AI in banking and finance using a “tool or weapon” approach. On June 6, Acting Comptroller of the Currency, Michael J.

Banking 52

Banking Risk Management Risk Management Regulations 52

Everest Group

FEBRUARY 26, 2024

billion acquisition of Discover Financial Services would combine two of the largest credit card companies, creating the most dominant US credit card firm. This deal holds the potential to significantly impact the banking and financial services (BFS) IT services market and providers. Capital One’s planned US$35.3

Banking 59

Banking Risk Management Risk Management Marketing 59

NoonDalton

AUGUST 26, 2024

Among the myriad of functions that can be outsourced, accounting services stand out as one of the most impactful. In 2024, accounting continues to lead the charge as the most outsourced business function among small businesses in the U.S., with 37% of companies opting to hand over their financial operations to external experts.

Accounting 52

Accounting Outsourcing Streamline Operations Risk Management 52

Perficient Digital Transformation

NOVEMBER 21, 2024

Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data. institutions that issue credit cards, hold transaction accounts, issue devices to access an account, or provide other types of payment facilitation products or services).

Banking 52

Banking Accounting Regulations Engineering 52

3Pillar Global

JANUARY 4, 2024

Growing revenue and reducing costs remains a top priority for healthcare organizations in 2024. Missed charges, undercoding, or failure to capture all services provided can all lead to lost revenue. As such, revenue cycle optimization, streamlining payment, and reducing billing and coding errors are critical areas of focus.

Healthcare 52

Healthcare Reduced Costs Automation Administrative 52

Everest Group

APRIL 16, 2024

in January 2024), eroding the value of the peso and crippling economic activity. Financial implications During the transition to a dollarized economy, global companies may face challenges in hedging due to foreign exchange fluctuations, necessitating careful currency risk management and financial strategy adaptation to maintain profitability.

Banking 64

Banking Government Jobbing Risk Management 64

IBM Services

SEPTEMBER 15, 2023

For the first wave of companies affected, sustainability reports will be required as soon as fiscal year 2024. These requirements will likely mandate publicly traded companies to disclose their greenhouse gas (GHG) emissions footprint, climate-related goals, and progress, as well as climate-risk related financial impact and expenditures.

Regulations 77

Regulations Analytics Government Automation 77

inDinero

MAY 13, 2024

If you’d like a professional pair of hands, indinero’s corporate payroll services are here to help. The 2023 maximum was $160,200 The 2024 maximum is $168,600 Medicare Tax The Medicare tax rate is a flat 1.45% of all wages. For 2024, withhold an additional 0.9% For 2024, withhold an additional 0.9%

Payroll 52

Payroll Insurance Out-Tasking Government 52

inDinero

MAY 13, 2024

If you’d like a professional pair of hands, indinero’s corporate payroll services are here to help. The 2023 maximum was $160,200 The 2024 maximum is $168,600 Medicare Tax The Medicare tax rate is a flat 1.45% of all wages. For 2024, withhold an additional 0.9% For 2024, withhold an additional 0.9%

Payroll 52

Payroll Insurance Out-Tasking Government 52

Future of Sourcing

MAY 23, 2023

New Cybersecurity Regulatory Proposals Target the Third-Party Risks Lurking in the Dark Bad actors can - and will - exploit vulnerabilities without adequate visibility into extended supply chains and third-party ecosystems. Business leaders looking to improve their third-party risk management strategies should: 1.

Cybersecurity 52

Cybersecurity Risk Management Risk Management Pharmaceuticals 52

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 59

Outsourcing Government Banking Service 59

IBM Services

APRIL 3, 2024

On March 6, 2024, the US Securities and Exchange Commission (SEC) adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. IBM does not provide legal advice nor represent or warrant that its services or products will ensure that the client is compliant with any law or regulation.

Regulations 55

Regulations Risk Management Risk Management Management 55

Capgemini

NOVEMBER 4, 2024

Funding in the fast lane: How Gen AI accelerates automotive finance Matt Desmond Nov 4, 2024 Facebook Linkedin Seven ways the latest solutions in AI and machine learning revolutionize how auto dealers approach financing options A customer walks into your car dealership. Mitigate delinquencies, avoid repossessions.

Finance 52

Finance Insurance Manufacturing Banking 52

Capgemini

SEPTEMBER 18, 2024

Roshan Batheri Sep 3, 2024 Facebook Linkedin Although many of us were hoping for a period of calm following the pandemic, the reality is that, since then, the automotive industry’s supply chain has encountered one disruption after another. And unfortunately, there’s no reason to think that pattern will change any time soon.

Supply Chain Management 52

Supply Chain Management Nearshoring Analytics Research 52