Diving into 2025 and the future of Insurtech Table of content Introduction Artificial Intelligence and Machine Learning Internet of Things (IoT) and Telematics Blockchain Technology Cybersecurity Cloud Computing Compliance The Legacy Bottleneck Conclusion Introduction The insurance industry is going through a transformational change, and the change has seen an acceleration since Covid-19. All of a …
Banking in 2025: What to expect? Table of content Introduction Experience, Experience, and Experience AI and conversational AI gaining momentum Growth opportunities through new and quickly deployable products Looking at data in a new way Digital Trust, Financial Risk, and Compliance. Conclusion Introduction The world is changing and changing fast. While there are geopolitical implications …
Key Challenges and Strategic Recommendations for Implementing Financial Risk and Compliance Solutions in BFSI Table of content Introduction Key Challenges in Financial Risk and Compliance Implementation in BFSI Adapting to Evolving Regulations Data Management and Privacy Compliance Rapid Technological Advancements Shifting Risk Landscape Operational Efficiency and Resource Management Proactive Strategies for Effective Financial Risk and …
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Core Banking Modernization: Strategies for Upgrading Legacy Systems and Implementing FLEXCUBE 14.0 Table of content Introduction What is a Legacy Core Banking System? Challenges of Legacy Core Banking Systems Lack of Documentation Inefficiency in Legacy Banking Operations Talent Scarcity in Legacy System Maintenance Security Risks in Legacy Core Banking Integration and Data Inconsistency Issues Key …
Transform Top 5 Banking Processes with Generative AI Table of content Transform Banking Operations with Generative AI Understanding the Mechanism of Generative AI Refined Credit Risk Assessment Personalized Financial Services Streamlined Onboarding Procedures Proactive Fraud Detection and Prevention Regulatory Compliance Automation The Power of Personalization Beyond Process Optimization Navigating Challenges and Considerations Conclusion Generative AI, an …
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Data Challenges in Regulatory Reporting There are numerous challenges in preparing regulatory reports demonstrating a financial organisation’s compliance with regulations. The foremost of all challenges faced by a financial organisation is securing the right data that is required for preparing such reports.Let us look at the main data challenges in the preparation of regulatory reports …
Future of Regulatory Reporting with Technology advancements Table of content Differences between regulatory reporting and MIS or BI reporting Bank’s perspective Data Infrastructure Thinning line between data, digital, and regulatory reporting Data platform: The platform should enable a bank to Digital platform: The platform should enable a bank to Regulatory Reporting Platform: The platform should …
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12 Common Mistakes to Avoid While Preparing and Filing BSP FRP Reports in the Philippines Table of content Inconsistent and inaccurate reporting Lack of documentation Incorrect mapping of data Lack of transparency Insufficient validations Inaccurate interpretation of the regulation Inefficient data infrastructure Adhoc changes in response to regulatory changes Unauthorised Report Submissions Uncontrolled manual adjustments …
Modernizing Core Banking Legacy Systems for Digital Transformation Table of content Introduction The Challenges of Legacy Systems What Works in Core Banking Legacy Modernization Define a clear modernization strategy Embrace an incremental approach Leverage microservices architecture Adopt DevOps practices Ensure data quality and security Building a layer over the core What Doesn’t Work in Core …
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Financial Crimes and Compliance: A Comprehensive Guide Table of content What are the types of Financial Crimes? What is Financial Crime Compliance? Oracle Financial Crime Compliance Management Profinch: Your Preferred FCCM Partner With the growth of technology and globalization, financial crime has become a growing concern for banking and fintech institutions. Over the years, financial …
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