Come adattare il vostro business ad un mondo in continuo cambiamento

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 some of 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 a brief overview of the drivers of open banking, the paper 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.

For the third consecutive year, GFT has surveyed decision-makers in banking to gain insights into the trends behind digitalisation in the financial services industry. Based on 285 interviews, the survey offers valuable insights into the status of digital transformation, Bank as a Platform and artificial intelligence across eight countries - Brazil, Germany, Italy, Mexico, Spain, Switzerland, the UK and the USA. Download the report and the infographic for a complete picture of the survey results.

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.

Le banche, oggi, operano in un mercato fortemente competitivo, con flussi di ricavi sotto pressione a causa di nuovi comportamenti dei clienti, bassi tassi di interesse e l'ingresso nel mercato di nuovi operatori. Per sopravvivere le banche si stanno evolvendo per trattenere i clienti, realizzando continuamente soluzioni più efficienti ed efficaci.

Con l'adozione di un approccio BaaP, le banche potranno passare a un modello di business basato su offerte di servizi per fornire un maggiore e più sostenibile valore economico. Tale visione richiede un'architettura IT modulare e aperta che coesista con i sistemi bancari core, garantendo, allo stesso tempo, lo scambio di dati tra la banca e terze parti.

As the FX market continues to grow and cross-border transactions increase in size and value, so too does the expectation of customers in terms of lower costs and better services. In a joint paper with Broadridge, we examine a possible reshaping of the FX operations market, capitalising on mutualisation to potentially reduce costs and increase efficiency.

Il report analizza i trend che sembrano destinati a plasmare il futuro del settore bancario, dai cambiamenti nello scenario competitivo alla crescente importanza del customer engagement, della digitalizzazione e del futuro dei pagamenti. Lo scarichi subito per acquisire informazioni preziose sulle dinamiche che stanno delineando le nuove aspettative dei clienti in tutto il settore.

Analisi sul mercato del mobile payment 2016. Panoramica, relativa a otto paesi, dei dati del mercato, le tecnologie, i provider, la user adoption e le linee guida. In qualità di partner tecnologico e di innovazione per il settore finanziario, GFT ha deciso di ricondurre l’analisi già effettuata nel 2012.

Since the publication of our paper on utilising Triparty facilities for OTC derivative collateral in March 2016, we have had numerous conversations with clients and interested parties, including custodians, agents, broker-dealers and buy-side institutions. Find new approaches and results in our addendum to GFT´s spring 2016 paper.

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.

The financial services regulatory environment is in a state of constant flux. Many legislative bodies around the globe publish regulations that are growing in both volume and complexity.

There is still uncertainty regarding the extent of capital impact, it falls within tight parameters, as neatly expressed in the recent ISDA FRTB QIS4 Refresh summary slide, which puts capital increase factor in the range 2.4 and 1.5.

An article by GFT DevOps specialists on "The New Normal" of IT and its need for technology which enables compliance requirements to be changed with higher levels of frequency, predictability and transparency.

GFT collateral specialists, led by Nick Nicholls, analyse how Triparty facilities could be an integral part of the holistic model.

Digitalisation within the financial industry will affect how banks will actually implement new digital processes within their own branches. Doing so will turn bank branches into important pieces of the overall jigsaw puzzle of future banking.

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.

Digital transformation in financial services is now in full swing. Customer expectations are changing, technology is continuously evolving, and financial products and services are being reinvented.

Self-learning, intelligent customer scoring offers financial service providers a made-to-measure forecasting model for individual customers.

In our point-of-view, we provide background information and insights into the world of digital banking. Our checklists allow you to assess the specific level of digital maturity that your bank has already achieved.

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.

The GFT Digital Banking Survey 2015 revealed that customer loyalty and retention belong to the most important elements in banks´ digitalisation strategies. PFM is an ideal tool to achieve this goal and create “stickiness”.

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.

The next great leap in IT outsourcing. The first decade belonged to India, so where next? The need for a global IT location and outsourcing strategy has never been more important for mid-size and large financial services institutions.

Planning to kick off a change programme? Excited yet concerned about the prospect of the challenge? You’re right to be cautious.

The role of the CDO is wide and varied. As more and more organisations have to deal with larger volumes of data, the opportunities and challenges are vast.

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?

Choosing the correct governance methods for a project is always going to be tricky. Over the last 12 months there has been a marked increase in wholesale and investment banking in a desire to become ‘agile’, often without fully understanding the prerequisites for success.

As the introduction of T2S approaches quickly, Europe is bracing itself for a transformed market with fewer international barriers.

Collateral management is now under unprecedented levels of close scrutiny. Historically a support function, it has now moved centre stage, partly due to high-profile examples of what can happen if you lose control.

GFT specialists analyse the current state of BCBS239 and discuss where G-SIBs and D-SIBs go from here to complete their compliance journey.

Aggregating company-wide financial and risk information has arguably always been one of the most daunting challenges for large banks and other financial institutions.

GFT conducted an online survey between March and April 2015 focussed on retail banks in Spain, Germany, Italy, Switzerland, Brazil and the United Kingdom. The survey was completed by 124 business and technical decision-makers with responsibility for various aspects of digital banking.