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. Let’s explore the reverberations of these concerning banking trends. We believe this will start a domino effect impacting banking regulations, profitability, and technology spend.

Banking 130

Banking Service Right-Sizing Risk Management 130

Everest Group

JANUARY 24, 2025

FNZ recently collaborated with leading banks to offer ESG-compliant investment portfolios, highlighting its innovative approach, while SEIs partnership with boutique wealth firms underscores its flexibility in catering to diverse client needs. Intellect Design Arena and GBST leverage innovative solutions to address specific market challenges.

Advisory 130

Advisory Management Banking Government 130

Everest Group

FEBRUARY 21, 2022

With their growing maturity, Global Business Services (GBS) organizations in Banking and Financial Services (BFS) have taken on critical roles in the data value chain. To learn how banking GBS organizations have evolved to become best-in-class partners supporting enterprise data transformation and the key attributes they now possess, read on.

Banking 130

Banking Analytics Finance Engineering 130

Everest Group

SEPTEMBER 25, 2024

This new, diverse leadership team is expected to drive growth and innovation at FNZ, with a focus on integrating technology to enhance client experiences and operational efficiency.

Banking 147

Banking Management Analytics Insurance 147

Everest Group

FEBRUARY 23, 2023

With Australia facing a looming recession, outsourcing is emerging as a solution for banks and financial institutions to navigate economic uncertainty, improve efficiency, and find expert talent. Will banks suffer? In one word: Yes. Financial services have been significantly impacted by the Australian recession.

Banking 130

Banking Outsourcing Marketing Regulations 130

Automation Anywhere

JULY 13, 2022

As more fintechs enter the market and consumer preferences shift, traditional retail banks face significant challenges in attracting and holding customers while remaining profitable. Recently, my company, Bain & Company, surveyed retail banks. Recently, my company, Bain & Company, surveyed retail banks.

Banking 96

Banking Retail Automation Robotics Process Automation 96

The Global Small Business Blog

NOVEMBER 2, 2022

government export financing resources available through the U.S. Export-Import Bank (EXIM Bank), U.S. ©iStock/monsitj Finally, a guide to help navigate all the options available for collecting money from customers overseas. This particular edition spotlights commercial trade finance instruments as well as U.S.

Finance 189

Finance Banking Reduced Costs Administrative 189

Automation Anywhere

APRIL 27, 2022

The lines between banks and banking are blurring more and more. Traditional banking and financial services firms have been slow to react. Traditional banking and financial services firms have been slow to react. Successful banking process improvement requires placing equal importance on internal and external forces.

Banking 98

Banking Robotics Process Automation Automation Efficiency 98

Everest Group

DECEMBER 14, 2022

Looking back at the downturn in 2008, new FinTech trends emerged, including personal finance management (PFM), insurance aggregators and marketplace, robo-advisors, crowdfunding, challenger/neo/digital-only banks, and cryptocurrencies. FinTechs will move away from bundling/aggregation to financial ecosystem orchestration.

Banking 182

Banking Insurance Finance Advisory 182

IBM Services

APRIL 20, 2023

Trust is the cornerstone on which the banking industry is built. When consumers lose trust in a bank’s ability to manage risk, the system stops working. Put simply, consumers trust banks to keep their money safe and return the money when requested. But there’s trust on the business side, too.

Banking 70

Banking Government Risk Management Risk Management 70

Forrester Digital Transformation

OCTOBER 26, 2022

In 2023, European banks and governments will accelerate their cloud plans while Kubernetes sees increased interest as well. Learn more in our 2023 cloud predictions for EMEA.

Banking 26

Banking Government 26

IBM Services

FEBRUARY 8, 2024

For industries providing essential services to clients such as insurance, banking and retail, the law requires the use of a fundamental rights impact assessment that details how the use of AI will affect the rights of customers. Dec 19, 2023 The European AI Act is currently the most comprehensive legal framework for AI regulations.

Government 77

Government Regulations Risk Management Risk Management 77

Everest Group

AUGUST 2, 2022

Banking giant Capital One has packaged its extensive work to migrate to the cloud into a new software business called Capital One Software. Its first product, Slingshot, helps enterprises manage cloud costs and automate governance on top of the Snowflake platform. Read more in Venture Beat.

Advisory 130

Advisory Banking Government Software 130

Everest Group

NOVEMBER 16, 2022

Global Business Services (GBS) organizations have a big opportunity to champion Environment, Social, and Governance (ESG) in banking and financial services (BFS) institutions. These organizations are also focusing on workplace diversity , pay equity, and good governance structure to meet their ESG aspirations.

Sourcing 130

Sourcing Banking Global Business Services Out-Tasking 130

Future of Digital Sourcing Outsourcing

OCTOBER 14, 2022

Learn more the team at Bank of Montreal and their third-party management strategy with their Armored Car innovations. Joint Steering Committee meetings and working sessions between BMO and our sole source provider to ensure process governance, issue resolution and benefit realization are ongoing.

Banking 81

Banking Management Sourcing Administrative 81

Everest Group

JANUARY 12, 2024

While the future of digital assets was once uncertain, the recent surge in investments, partnerships, and pilot use cases spearheaded by banks and technology giants has laid the doubts to rest. This holds particularly true for cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs).

Banking 162

Banking Insurance Retail Collaborations 162

Everest Group

MAY 24, 2024

Opportunities for service providers AI governance expertise – Service providers can offer expertise in building and implementing AI governance frameworks that comply with the EU AI Act. By taking these steps, enterprises can future-proof their AI initiatives while upholding the standards set forth by the landmark regulation.

Service 162

Service Risk Management Risk Management Cybersecurity 162

Perficient Digital Transformation

AUGUST 19, 2024

We are witnessing a sea-change in the way data is managed by banks and financial institutions all over the world. Data being commoditized and, in some cases, even monetized by banks is the order of the day. “The Business”, in traditional banks, is treated like a larger-than-life entity that needs to be supported by IT. .

Risk Management 109

Risk Management Risk Management Management Banking 109

Forrester Digital Transformation

OCTOBER 26, 2022

Environmental sustainability is fast becoming a priority for consumers, businesses, and governments. In response, leading financial services firms across banking, investment and insurance have launched an array […].

Finance 26

Finance Insurance Service Banking 26

Perficient Digital Transformation

APRIL 8, 2024

A top-leading bank, grappling with business and regulatory challenges, faced scrutiny after failing the Federal Reserve’s annual stress test. To bolster its capabilities and ensure compliance, the bank sought assistance from Perficient in delivering exceptional project and program management services to tackle their significant hurdles.

Banking 52

Banking Management Risk Management Risk Management 52

Premier BPO

AUGUST 17, 2021

by the World Bank – PSEB. The Government offers zero income tax on IT exports till June 2025. The government was keen on collaborating with us as one of the first movers in that geography. The Pakistan government itself collaborated with us on the most favorable tax abatements at the outset.

Offshoring 246

Offshoring BPO Outsourcing Government 246

Everest Group

MARCH 29, 2023

Read on to understand the new global capital market trends, the staying power of retail investors, and the impact on investment banks, asset and wealth managers, and service providers. The subdued demand was visible in the quarterly earnings results of some major investment banks.

Retail 130

Retail Marketing Banking Offshoring 130

Perficient Digital Transformation

NOVEMBER 30, 2021

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.

Regulations 72

Regulations Banking Insurance Sales 72

Everest Group

APRIL 16, 2024

By anchoring the currency to the relatively stable US dollar, dollarization could bring immediate respite from this inflationary ordeal Fiscal discipline enforcer: Fiscal discipline is paramount, and dollarization would eliminate the central bank’s ability to print pesos and fuel government spending.

Banking 162

Banking Government Jobbing Risk Management 162

Perficient Digital Transformation

JUNE 30, 2022

Some of these online articles can be found here: OCC Provides Roadmap for National Banks and Savings Associations To Conduct Crypto Activities – Perficient Blogs. Central Bank Digital Currency (CBDC) – Perficient Blogs. As reported by the World Bank, in 2021 the GDP of The Bahamas was $9.91 Billion in 2019).

Banking 111

Banking Advisory Regulations Government 111

Redial

APRIL 17, 2024

The past decade has been a rapid change in the South Africa business, ranked by the World Bank as an “upper middle-income country”. The total investment of the US in South Africa was only 5% by 2002 according to the South African Reserve Bank. Earning more than $1bn annually of the 400+ companies , more than half are in South Africa.

Banking 130

Banking Human Resources Outsourcing Legal Services 130

Redial

APRIL 17, 2024

The past decade has been a rapid change in the South Africa business, ranked by the World Bank as an “upper middle-income country”. The total investment of the US in South Africa was only 5% by 2002 according to the South African Reserve Bank. Earning more than $1bn annually of the 400+ companies , more than half are in South Africa.

Business Process Outsourcing 130

Business Process Outsourcing Banking Human Resources Outsourcing 130

Perficient Digital Transformation

OCTOBER 5, 2021

Many banks, credit unions, and credit providers were left asking themselves, “when do we expect this to turn?”. Now that the government programs are nearing an end and foreclosures are initiating in many states, the time to make sure you’re ready for what is to come is now.

Banking 69

Banking Government Regulations Service 69

Perficient Digital Transformation

SEPTEMBER 16, 2022

Additionally, the Supervisory Letter states that Board-supervised banking organizations should notify the Board prior to engaging in crypto-asset-related activities. The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act. The Home Owners’ Loan Act. Financial risk. Legal risk.

Banking 64

Banking Regulations Risk Management Risk Management 64

Groove Technology

MAY 18, 2023

API-led connectivity: MuleSoft’s API-led connectivity approach provides a well-defined, reusable, and scalable architecture for building integrations that expose data as APIs, enabling better governance and reuse. Train personnel: Provide training and resources to enable personnel to develop, deploy, and manage integrations effectively.

E-Commerce 130

E-Commerce Supply Chain Management Government Banking 130

Perficient Digital Transformation

NOVEMBER 21, 2024

The Consumer Financial Protection Bureau (CFPB) recently issued a final rule § 1033.121(c) supporting open banking and personal financial data rights. Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data.

Banking 52

Banking Accounting Regulations Engineering 52

Everest Group

MARCH 3, 2023

Banks, lenders, FinTechs, and other banking and financial services (BFS) enterprises are expanding into new markets following the rising customer demand. From nearly US$47 billion in 2021, the global neo-banks market is poised to be valued at US$2.05 trillion in 2030, growing at a CAGR of 53.4%

Outsourcing 130

Outsourcing Marketing Service Banking 130

McKinsey & Company

DECEMBER 9, 2022

Governments and companies are committed to the decarbonization agenda. How can banks reconcile their risk appetite and play a role in funding the transition to net-zero?

Banking 104

Banking Government Management 104

Everest Group

APRIL 12, 2022

With these recurring global shocks unsettling global trade dependencies, the changing dynamics of international relations, and the growing uncertainties, governments across the globe are moving to implement policies to make supply chains more resilient. Similarly, countries depending on Ukraine’s IT outsourcing services are suffering as well.

Supply Chain Management 130

Supply Chain Management Management Banking Outsourcing 130

Everest Group

APRIL 12, 2022

With these recurring global shocks unsettling global trade dependencies, the changing dynamics of international relations, and the growing uncertainties, governments across the globe are moving to implement policies to make supply chains more resilient. Similarly, countries depending on Ukraine’s IT outsourcing services are suffering as well.

Supply Chain Management 130

Supply Chain Management Management Banking Outsourcing 130

Everest Group

OCTOBER 13, 2021

Summary Mature banking, financial services, and insurance (BFSI) global business services (GBS) organizations are taking on advanced vendor management organization (VMO) roles, acquiring more responsibility in governing service provider delivery. This is an invitation-only Everest Group event, exclusively for members.

Strategic Sourcing 130

Strategic Sourcing Insurance Global Business Services Banking 130

Perficient Digital Transformation

NOVEMBER 8, 2021

I went on to create some of the first banking sites and many entertainment websites. I eventually got headhunted to work for City National Bank in Los Angeles. MM: Essentially, you got into banking because of your web development experience? MM: How long were you at the Bank for? Why not give banking customers options?

Service 126

Service Banking Advisory Retail 126