Everest Group

MARCH 23, 2023

Capital Markets Operations – Services PEAK Matrix® Assessment The capital markets operations landscape is rapidly evolving as enterprises strive to meet the demands of a new generation of customers, reduce cost pressures in a recessionary environment, and adhere to regulatory changes.

Marketing 217

Marketing Robotics Process Automation Service Insurance 217

Everest Group

OCTOBER 11, 2022

Open banking – a system that provides third-party access to financial data through application programming interfaces (APIs) – has unlocked digital financial innovation and disruption. Its next evolution – open finance – holds the promise to greatly enhance the customer experience and empower users of financial services.

Banking 147

Banking Finance Research Accounting 147

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. These banks will need to assess their portfolios and provide assurance to their customers.

Banking 130

Banking Service Right-Sizing Risk Management 130

Everest Group

FEBRUARY 16, 2024

Financial Crime and Compliance (FCC) Operations Services The Financial Crime and Compliance (FCC) operations landscape is rapidly expanding within the Banking and Financial Services (BFS) industry. They are working to safeguard themselves from financial crimes while managing operational costs and enhancing delivery capabilities.

Co-Sourcing 173

Co-Sourcing Banking Service Advisory 173

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 147

Banking Risk Management Risk Management Marketing 147

Perficient Digital Transformation

DECEMBER 18, 2023

This blog post delves into the pivotal role these practices play in ensuring the stability and success of financial institutions and banks. Legal Obligations and Regulatory Frameworks It is well-known that financial institutions operate within a complex web of laws and regulations. The Role of Regulatory Risk and Compliance 1.

Regulations 111

Regulations Cybersecurity Banking Insurance 111

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? Financial services have been significantly impacted by the Australian recession. rose in the quarter and 7.3%

Banking 130

Banking Outsourcing Marketing Regulations 130

McKinsey & Company

JANUARY 9, 2024

As US regulators consider a decision on open banking, account-to-account (A2A) payments face challenges in a card-dominated market but also have some promising use cases.

Banking 133

Banking Regulations Accounting Marketing 133

Everest Group

DECEMBER 12, 2022

Top Open Finance IT Services The concept of open banking is no longer restricted to payment services. These use cases are giving rise to concepts such as embedded finance, buy now pay later, and super-apps, which will allow banks to deliver hyper-personalized products and become more customer-centric. Our Thinking.

Finance 130

Finance Banking Service Regulations 130

Infosys Consulting

JUNE 15, 2023

This regulation will have an impact on both crypto users and providers. In recent years, services related to blockchain and cryptocurrencies have attracted increasing attention on the financial markets. In fact that raises a number of unanswered questions among regulators regarding appropriate regulatory measures.

Regulations 98

Regulations E-Commerce Administrative Banking 98

Everest Group

MAY 24, 2024

How will the EU AI Act impact the financial services sector, and how should enterprises and service providers structure their compliance activities? In recent years, the rapid advancements in artificial intelligence — in particular, generative AI — have revolutionized various sectors, including financial services.

Service 162

Service Risk Management Risk Management Cybersecurity 162

Forrester Digital Transformation

OCTOBER 12, 2021

In APAC, vast political, economic, and social differences among countries pose an impact on sustainable finance regulations. Even for ESG factors that are easiest to measure and compare — carbon emission, for example — there are still no common goals in the region.

Regulations 130

Regulations Finance Insurance Banking 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

Perficient Digital Transformation

MARCH 30, 2023

Recently, I attended the 2023 Bank Automation Summit , where one of the significant topics of discussion was how banks navigate their transition to the cloud. Given their unique vulnerabilities, what do financial services institutions need to consider when migrating to the cloud?

Banking 115

Banking Automation Regulations Sourcing 115

Groove Technology

OCTOBER 31, 2024

A competent team should demonstrate extensive knowledge of Global Distribution Systems (GDS), Online Travel Agency (OTA) operations, and travel regulations. Look for teams that can create flexible and modular systems capable of managing complex travel bookings and integrations with multiple service providers.

Software 130

Software Right-Sizing Offshoring Nearshoring 130

Everest Group

MARCH 18, 2024

Unified Communication & Collaboration (UCC) Specialist Services As the hybrid workplace model solidifies its position as the new norm for enterprises, the demand for seamless communication and collaboration services continues to surge unabated.

Collaborations 162

Collaborations Service Manufacturing Banking 162

Everest Group

MARCH 3, 2023

With customer demand for financial services rising across geographies, looming recessionary fears and competition is leading enterprises to expand beyond North America and enter developing markets such as the UK, Europe, Latin America, Asia Pacific, the Nordics, and the Middle East. trillion in 2030, growing at a CAGR of 53.4%

Outsourcing 130

Outsourcing Marketing Service Banking 130

McKinsey & Company

JANUARY 26, 2021

As the region’s regulators increase license allocations and set standards for the next wave of digital banks, there are opportunities for both incumbents and new entrants to enter the arena.

Banking 112

Banking Regulations Service 112

Everest Group

AUGUST 24, 2022

Top Financial Crime and Compliance (FCC) Operations Service Providers Financial Crime and Compliance (FCC) operations continue to grow within the Banking and Financial Services (BFS) industry. Service providers now have the opportunity to go beyond managing operations and transforming engagements into strategic partnerships.

Banking 130

Banking Insurance Service Advisory 130

Everest Group

SEPTEMBER 9, 2024

Capital Markets IT Services PEAK Matrix® Assessment The capital markets industry is transforming to enhance operational efficiencies and reduce costs. Enterprises are investing in Regulatory Technologies (RegTech) to manage compliance efficiently across global regulations. There is a significant shift toward emerging technologies.

Marketing 130

Marketing Service Cybersecurity Banking 130

Everest Group

MARCH 11, 2024

Consumer Packaged Goods (CPG) IT Services Despite economic uncertainties and margin pressures, Consumer Packaged Goods (CPG) enterprises are modernizing their IT systems across the entire value chain. LEARN MORE ABOUT Top Service Providers

Service 147

Service Retail Manufacturing Banking 147

Automation Anywhere

OCTOBER 27, 2020

The retail banking industry is faced with significant challenges to achieve optimal operational efficiency and profitability while providing the highest level of customer satisfaction. Retail banks offer a wide variety of products, including consumer loans, credit cards, and checking and savings accounts. READ REPORT NOW.

Retail 98

Retail Banking Automation Robotics Process Automation 98

Perficient Digital Transformation

MAY 27, 2022

This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group. Central Bank Digital Currency (CBDC) ). For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations.

Regulations 78

Regulations Management Banking Sales 78

Redial

AUGUST 16, 2023

According to data from Boston Consulting Group , from organic growth to on-demand financial solutions and personalized loans, different companies like fintech and digital banking are estimated to grow up to 7%. Must prioritize compliance with debt collection regulations and ethical practices.

Call Center 130

Call Center Service Regulations Analytics 130

Perficient Digital Transformation

OCTOBER 27, 2022

Seeking additional arrows in their quiver against large bank failures, on October 14, 2022, the Federal Reserve Board (FRB) and Federal Deposit Insurance Corporation (FDIC) published an Advance Notice of Proposed Rulemaking (ANPR). Current Category I-III Bank Rules. For large banking organizations that are not U.S.

Banking 64

Banking Regulations Insurance Sales 64

Automation Anywhere

APRIL 27, 2022

The lines between banks and banking are blurring more and more. From credit cards to lending, trading products to cryptocurrency, fintechs are now providing sophisticated apps and tools to consumers who are demanding omnichannel services, low to no fees, and 24x7 on-demand customer service.

Banking 98

Banking Robotics Process Automation Automation Efficiency 98

McKinsey & Company

APRIL 28, 2022

Sir Howard Davies discusses the ways regulations, interest rates, monetary policy, climate risk, and economic threats are affecting the resilience of the banking system.

Banking 98

Banking Regulations Risk Management Risk Management 98

McKinsey & Company

MAY 3, 2023

As regulators encourage new players to enter the digital financial services sector, firms that take the initiative can gain an early advantage in one of the world’s largest greenfield markets.

Banking 111

Banking Regulations Marketing Service 111

Everest Group

APRIL 3, 2024

Gen AI has recently gained considerable attention in the banking, financial services, and insurance (BFSI) industry. Security measures In a highly regulated industry like BFSI, where data and security are imperative, meticulous attention to security and regulatory compliance is critical.

Regulations 173

Regulations Out-Tasking Insurance Cybersecurity 173

Transperfect

SEPTEMBER 7, 2021

The current political change is creating a strong ripple in the financial services space. A key consideration for financial services companies is potentially financing a terrorist entity or organization. Banks and money-handling platforms are already rethinking their policies that allow inflow to the Afghan economy.

Service 98

Service Banking Finance Regulations 98

Perficient Digital Transformation

SEPTEMBER 6, 2023

intermediate holding companies of foreign banking organizations , and certain insured depository institutions. The proposed eligible LTD requirement was calibrated primarily on the basis of what the proposed regulation refers to as a “capital refill” framework. Comments must be received on or before November 30, 2023.

Regulations 52

Regulations Banking Insurance Reduced Costs 52

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

Perficient Digital Transformation

MARCH 22, 2023

Recent headlines have highlighted the failure of SVB Financial Group, the parent company of Silicon Valley Bank (“SVB”). We’re putting this into practice and offering our predictions concerning what regulations may arise once the dust has settled. Perhaps capital was not the primary cause of the bank’s failure.

Banking 111

Banking Regulations Sales Management 111

IBM Services

SEPTEMBER 14, 2023

As enterprises modernize and migrate workloads to IBM Cloud, they often run into requirements that certain components of their application workloads to run on other cloud service provider networks. These requirements create a technical challenge for enterprises—especially in regulated industries (e.g.,

Regulations 75

Regulations Insurance Administrative Banking 75

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 Retail Insurance Collaborations 162

inDinero

JULY 8, 2021

Any business loan or line of credit from a bank—brick-and-mortar or online—will carry more favorable terms if you have a decent business credit scor e. Lenders use your business credit score to determine how likely you are to repay your loan; the lower the score, the less attractive you are to a lender, especially banks.

Banking 69

Banking Accounting Regulations Government 69

Everest Group

JULY 20, 2023

Identity and Access Management (IAM) Services PEAK Matrix® Assessment The demand for Identity and Access Management (IAM) services in the global business landscape is accelerating due to digital transformation trends, the importance of data protection, and the complexities of managing IT environments.

Management 130

Management Service Regulations Insurance 130