Come adattare il vostro business ad un mondo in continuo cambiamento

Financial institutions cannot wait to reshape or completely rebuild their platforms because it could quite simply be too late. But what about using the digital transformation journey to enrich functional capabilities and at the same time transform legacy systems and significantly reduce running costs?

In che modo il Covid-19 ha cambiato l’approccio, le regole e le priorità della trasformazione digitale.

Although widely acknowledged as a potentially game-changing capability, the adoption of cloud technology for High Performance Computing (HPC) is still very much in its infancy. However, based on our hands-on experience of this when working with a Tier 1 financial institution, we firmly believe the cloud has the ability to enable firms to rethink the way they approach the complex technological challenges to perform enormous grid calculations.

DevOps has received a great deal of media attention and has become mainstream in many industries. However, some banks and financial services companies that are grappling with monolithic technology stacks are still unaware of the benefits of DevOps or how to adopt the new methods.

Open banking and cloud technology are very closely entwined. Their growth will inevitably progress in parallel. Banks that wish to capitalise on the open banking opportunity will adopt strategic cloud solutions and as open banking develops, cloud technology will move from useful to essential.

This survey was conducted to examine the current usage and future trends in how High Performance Computing (HPC) is being used within financial services organisations. Firstly, the areas in which HPC is being used were examined. The only surprise here was that there were a couple of cases of it being used in the Treasury area within banks.

Financial institutions become an integral part of the working capital management at the heart of an industrial ecosystem: this is called embedded banking. Potential participants include industrial companies, banks and financial service providers, suppliers and end customers.

In the digital age, data emerges as the universal currency. New technologies have reduced the cost of storing massive volumes of data so many organisations have embraced the ‘data lake’ as a definitive data management solution. Organisations across all sectors ingest, store, manage and distribute unprecedented volumes of data, but the reasons for doing so are not always clear.

Technology in banking has moved out of the back office and is now central to all that a bank does. In the digital age, technology enables a good customer experience that is fundamental to banking success. But many banks find themselves hamstrung by the technology that made them successful. Why?

So far, many banks seem to have treated open banking as a regulatory compliance issue. While it is that, viewing open banking as simply a regulatory issue greatly underestimates its enormous potential to transform the industry and to change how banks interact with customers and third parties. Although it is still early days, open banking will certainly redefine what it means to be a bank. In this paper, we revisit the fundamental drivers of open banking and suggest ways that banks can seize this unique commercial opportunity.

This Point of View is the product of fruitful conversations with financial services executives around the globe. It explores the nature and scope of cognitive banking: how it fits in with the other pillars of exponential banking, and why banks should welcome this new dawn in technology. It demonstrates that the benefits of cognitive banking are limited only by the imagination and that early adopters will be well rewarded.

This Point of View explores the key commercial issues surrounding open banking. It offers a practical summary of the views we have developed over an extensive period of working with many of the world’s leading banks. After an overview of the drivers of open banking, it examines how banks can monetise this opportunity, including API pricing and revenue options.

The last few years have seen huge investment into software that brings distributed ledger technology (DLT) to financial markets, but it remains unclear as to whether it will be fit for purpose. In particular, it remains to be demonstrated that DLT is capable of working in intensely demanding, high throughput environments, suitable for financial markets.

An immersive and hyperpersonalised financial experience This point of view explores the notion of augmented banking, one of the four pillars of exponential banking as envisioned by GFT. Through insightful analysis and illustrative case studies, you will learn how to leverage exponential technologies to create an immersive banking experience that goes far beyond today’s digital interactions.

For decades, mainframes have been the cornerstones of IT infrastructure in many businesses, with banks at the forefront. However, the demand for increased flexibility to cope with ever-changing business processes and the need to reduce recurrent costs are forcing companies to move towards open platforms.

Information technology is increasingly pervading every aspect of our lives, promising fantastic opportunities for improving our health, wealth, knowledge and the way we live together.

The economic and regulatory environment of recent years has placed a powerful downward pressure on any real investment within banks and other financial services firms, whilst at the same time diverting a significant portion of remaining resources to coping with rapidly evolving regulatory requirements.

If there was some expectation that 2016 would be the year in which the regulatory tide facing banks would begin to recede, many will be left disappointed. A sense of regulatory fatigue within the industry is understandable, but if anyone thought that the regulatory challenge would become easier in 2016, then they are sadly mistaken.

GFT specialists look into the recent Blockchain phenomenon and provide a blueprint for initiating business change.

As the trading world continues down the path of electronification, innovators turn to gamers for solutions, exploring Augmented Reality as a technology that can reduce information overload and improve real-time decision-making.

Against the backdrop of the ever-increasing importance of collateral from a trading, risk and capital management perspective, holistic management of collateral is rapidly becoming a necessity.

It is a well-known phenomenon that back office operations have historically lacked major investment. So why is it now the flavour of the month?