Bank strategy around replacing or modernizing core banking systems is highly dependent on the size of the institution. new alternatives to the high risk "rip and replace" strategy continue to make it the preferred option for larger banks.
The perspective of Fintech executives.
In June of 2015, The Economist Intelligence Unit (sponsored by HP) conducted in-depth surveys of over 100 global bankers and Fintech executives on the future of retail banking. This is what we found.
For the last six years, Bankers As Buyers has focused on what to expect in the coming year from the banking community in terms of spending on technology, information and related services. If you are a news junkie and your mood swings with the market indices, it has been a rough year and 2009 doesn’t look much better. If you look at the details of the banks that folded in 2008, you will see decisions that increased their institutional risk and brought them down.
The good news is that the banking industry fuels every other industry. Albeit less, people are still running businesses; buying homes or refinancing loans; investing; making payments; saving; replacing cars; using credit/debit cards; and more. There are financial transactions occurring and customers/members using financial institutions.
The run up in the economy and spending of the last few years fueled growth and led to inefficiencies. Today’s current economic environment is causing many of us to renew our focus and make more measured, strategic decisions in order to run better businesses. If you are a vendor to the financial industry, you need to make sure you sell using an ROI model; keep year-
one affordable for the institution; tie your product or service to the institution’s strategic objectives; reduce fraud or eliminate waste; and lastly, improve the experience for the customer.
It is our pleasure to provide you with this 2009 edition of Bankers As Buyers. While the material is copyright protected, you have our blessing to share this document with your business associates, clients, prospects and friends within the industry.
Sincerely,
Scott Mills, APR
President
William Mills Agency
Get Finance Smart - Learning from Fintech, Learning from Banksemmersons1
When competition increases in an industry, it often leads to change. This week, we explore this process in banking, an industry where both the incumbent banks and the new players are learning from each other.
In order to develop a fact-based perspective, The Economist Intelligence Unit (EIU), sponsored by Hewlett Packard Enterprise, has conducted parallel surveys of more than 100 senior bankers and 100 Fintech executives. The objective is to determine their respective views on the impact of Fintech, the strengths and weaknesses of the participants and the likely landscape for the retail banking industry over the next five years.
I was fresh out of college and working as a Clipper programmer for a large independent mortgage banker. One of my first assignments was handling the company’s Home Mortgage Disclosure Act (HMDA) submission. The changes in the law in the early 1990s had brought our company under the coverage of HMDA. We had to scramble to get ready for our first submission of approx. 33,000 applications.
The perspective of Fintech executives.
In June of 2015, The Economist Intelligence Unit (sponsored by HP) conducted in-depth surveys of over 100 global bankers and Fintech executives on the future of retail banking. This is what we found.
For the last six years, Bankers As Buyers has focused on what to expect in the coming year from the banking community in terms of spending on technology, information and related services. If you are a news junkie and your mood swings with the market indices, it has been a rough year and 2009 doesn’t look much better. If you look at the details of the banks that folded in 2008, you will see decisions that increased their institutional risk and brought them down.
The good news is that the banking industry fuels every other industry. Albeit less, people are still running businesses; buying homes or refinancing loans; investing; making payments; saving; replacing cars; using credit/debit cards; and more. There are financial transactions occurring and customers/members using financial institutions.
The run up in the economy and spending of the last few years fueled growth and led to inefficiencies. Today’s current economic environment is causing many of us to renew our focus and make more measured, strategic decisions in order to run better businesses. If you are a vendor to the financial industry, you need to make sure you sell using an ROI model; keep year-
one affordable for the institution; tie your product or service to the institution’s strategic objectives; reduce fraud or eliminate waste; and lastly, improve the experience for the customer.
It is our pleasure to provide you with this 2009 edition of Bankers As Buyers. While the material is copyright protected, you have our blessing to share this document with your business associates, clients, prospects and friends within the industry.
Sincerely,
Scott Mills, APR
President
William Mills Agency
Get Finance Smart - Learning from Fintech, Learning from Banksemmersons1
When competition increases in an industry, it often leads to change. This week, we explore this process in banking, an industry where both the incumbent banks and the new players are learning from each other.
In order to develop a fact-based perspective, The Economist Intelligence Unit (EIU), sponsored by Hewlett Packard Enterprise, has conducted parallel surveys of more than 100 senior bankers and 100 Fintech executives. The objective is to determine their respective views on the impact of Fintech, the strengths and weaknesses of the participants and the likely landscape for the retail banking industry over the next five years.
I was fresh out of college and working as a Clipper programmer for a large independent mortgage banker. One of my first assignments was handling the company’s Home Mortgage Disclosure Act (HMDA) submission. The changes in the law in the early 1990s had brought our company under the coverage of HMDA. We had to scramble to get ready for our first submission of approx. 33,000 applications.
Such a heavily regulated industry was always going to take a little longer to disrupt but banks as we know them will soon be no longer.
Money is pouring into Financial Technology (almost $14bn investment in the past 12 months) and growth is expected to be 4x faster than the UK GDP.
Disruption is occurring at multiple levels. When coupled with rapidly changing consumer behaviors and a significant uptake in interest from VCs, the face of finance is changing daily.
With digital banking transactions now worth almost £1bn a day, the traditional banks are investing huge money into innovation and new product development.
But can they evolve fast enough to survive, let alone thrive?
This report provides an overview of the changing financial landscape, taking a closer look at a few of the digital investments made by the big brands and where the true Fintech disruption is coming from.
What Can FinTechs and Traditional Banks Learn from each other?Mike Parsons
"What Can FinTechs and Traditional Banks Learn from each other?"
From platform thinking to risk management - there's plenty to learn from challenger and traditional banks. This talk presents eight ideas and learnings from a global point interview. Key topics: technical architecture, teams, culture, growth, trust, branding, risk management and customer satisfaction.
Lessons from Revolut
1. Banking as a Platform
2. Getting it Done
3. Growth Teams
4. No Middle Man
Lessons from Traditional Banks
1. Build Trust via Advice
2. Invest in Branding
3. Building Business
4. Owning the Majority
Alternative Data Transforming SME FinanceJohn Owens
Presentation on the paper "Alternative Data Transforming SME Finance" presented at the Global Partnership for Financial Inclusion 2017 forum in Berlin, Germany #GPFI
Special thanks to my co-auithor, Lisa Wilhelm who provided substantial inputs for this paper and presentation.
Automation and Analytics: Two Levers to Revitalize Retail Debt RecoveryCognizant
As retail banks strive to revive, they can deploy predictive analytics and other process automation tools to add efficiency and effectiveness to the debt recovery process, thereby increasing recovery rates, reducing costs and enhancing debt salability.
Financial Technology is seen as a major disruptive force in banking but there are also examples where they are working together. Either way the banking business model will need to change profoundly.
Israeli Innovation Can Accelerate China's FinTech RevolutionEsther Loewy
Upround Ventures continues to play a major role in the Israel – Asia innovation nexus. That means we invest heavily in building both our organization and our portfolio companies – and a lot of frequent flyer miles to China and Hong Kong and the region. For our Asian relationships, we identify and select the right Israeli startups to help them become, or maintain, their market leadership through innovation.
Finance, to no surprise, is a major industry in Asia with Hong Kong and Singapore vying to be the international hub for APAC. Within Mainland China, we see the largest institutions, state owned enterprises and new financial players embracing a pure digital banking experience. This report shows why traditional financial institutions need to innovate to stay relevant and why the disrupters are on a constant search for the newest technologies to stay ahead of the game.
Global banks have established or joined fintech hubs in NY, London, Hong Kong , Silicon Valley, Singapore and yes, Tel Aviv. Citi’s first (and only?) innovation center is in Tel Aviv. Barclays (where I mentor) added Tel Aviv after their tech initiatives in London, NY and Capetown. The list of global banks and financial institutions that visit Israel, keen to learn, cooperate and invest runs the gamut of continents.
Israel is home to some of the world’s strongest technologies needed to fuel the growth of China’s financial institutions. We’ll embark on that journey with How Israeli Technologies Can Accelerate China’s FinTech Revolution
A special thank you to Shir Bodner and Ye Qu of Upround Ventures who played an integral role in this collaborative project.
Investing in fintech: Trends in financial technology for investors and entrep...OurCrowd
Join Zack Miller, Head of the Investor Community at OurCrowd, and Mick Weinstein, VP of Marketing at BIllGuard for an in depth discussion of the recent trends and opportunities in the dynamic financial technology industry. Zack and Mick have both helped build some of the top companies in the space including Seeking Alpha, Covestor, OurCrowd, BillGuard, Lending Club, SigFig and more.
Join us to learn about:
How top investors and entrepreneurs think about the entire fintech ecosystem, from online asset management, to financial content, to consumer finance apps, and crowdfunding.
Which business models are taking hold and their future prospects.
The challenges and opportunities for investing and building a valuable company in the financial space.
Such a heavily regulated industry was always going to take a little longer to disrupt but banks as we know them will soon be no longer.
Money is pouring into Financial Technology (almost $14bn investment in the past 12 months) and growth is expected to be 4x faster than the UK GDP.
Disruption is occurring at multiple levels. When coupled with rapidly changing consumer behaviors and a significant uptake in interest from VCs, the face of finance is changing daily.
With digital banking transactions now worth almost £1bn a day, the traditional banks are investing huge money into innovation and new product development.
But can they evolve fast enough to survive, let alone thrive?
This report provides an overview of the changing financial landscape, taking a closer look at a few of the digital investments made by the big brands and where the true Fintech disruption is coming from.
What Can FinTechs and Traditional Banks Learn from each other?Mike Parsons
"What Can FinTechs and Traditional Banks Learn from each other?"
From platform thinking to risk management - there's plenty to learn from challenger and traditional banks. This talk presents eight ideas and learnings from a global point interview. Key topics: technical architecture, teams, culture, growth, trust, branding, risk management and customer satisfaction.
Lessons from Revolut
1. Banking as a Platform
2. Getting it Done
3. Growth Teams
4. No Middle Man
Lessons from Traditional Banks
1. Build Trust via Advice
2. Invest in Branding
3. Building Business
4. Owning the Majority
Alternative Data Transforming SME FinanceJohn Owens
Presentation on the paper "Alternative Data Transforming SME Finance" presented at the Global Partnership for Financial Inclusion 2017 forum in Berlin, Germany #GPFI
Special thanks to my co-auithor, Lisa Wilhelm who provided substantial inputs for this paper and presentation.
Automation and Analytics: Two Levers to Revitalize Retail Debt RecoveryCognizant
As retail banks strive to revive, they can deploy predictive analytics and other process automation tools to add efficiency and effectiveness to the debt recovery process, thereby increasing recovery rates, reducing costs and enhancing debt salability.
Financial Technology is seen as a major disruptive force in banking but there are also examples where they are working together. Either way the banking business model will need to change profoundly.
Israeli Innovation Can Accelerate China's FinTech RevolutionEsther Loewy
Upround Ventures continues to play a major role in the Israel – Asia innovation nexus. That means we invest heavily in building both our organization and our portfolio companies – and a lot of frequent flyer miles to China and Hong Kong and the region. For our Asian relationships, we identify and select the right Israeli startups to help them become, or maintain, their market leadership through innovation.
Finance, to no surprise, is a major industry in Asia with Hong Kong and Singapore vying to be the international hub for APAC. Within Mainland China, we see the largest institutions, state owned enterprises and new financial players embracing a pure digital banking experience. This report shows why traditional financial institutions need to innovate to stay relevant and why the disrupters are on a constant search for the newest technologies to stay ahead of the game.
Global banks have established or joined fintech hubs in NY, London, Hong Kong , Silicon Valley, Singapore and yes, Tel Aviv. Citi’s first (and only?) innovation center is in Tel Aviv. Barclays (where I mentor) added Tel Aviv after their tech initiatives in London, NY and Capetown. The list of global banks and financial institutions that visit Israel, keen to learn, cooperate and invest runs the gamut of continents.
Israel is home to some of the world’s strongest technologies needed to fuel the growth of China’s financial institutions. We’ll embark on that journey with How Israeli Technologies Can Accelerate China’s FinTech Revolution
A special thank you to Shir Bodner and Ye Qu of Upround Ventures who played an integral role in this collaborative project.
Investing in fintech: Trends in financial technology for investors and entrep...OurCrowd
Join Zack Miller, Head of the Investor Community at OurCrowd, and Mick Weinstein, VP of Marketing at BIllGuard for an in depth discussion of the recent trends and opportunities in the dynamic financial technology industry. Zack and Mick have both helped build some of the top companies in the space including Seeking Alpha, Covestor, OurCrowd, BillGuard, Lending Club, SigFig and more.
Join us to learn about:
How top investors and entrepreneurs think about the entire fintech ecosystem, from online asset management, to financial content, to consumer finance apps, and crowdfunding.
Which business models are taking hold and their future prospects.
The challenges and opportunities for investing and building a valuable company in the financial space.
Informe Inspección Faja Petrolífera del Orinoco. Corrupción en PdvsaAngel Arellano Quiaro
Informe elaborado por el "cuerpo de inspectores socialistas" de la Vicepresidencia de la República de Venezuela entregado el 31 de julio de 2015 al Ministro de Energía y Petróleo, Asdrubal Chávez con copia a Rodolfo Marco Torres, Eulogio del Pino, presidente de Pdvsa, y Nicolás Maduro, presidente de la República. El texto evidencia la milmillonaria estafa a la industria petrolera orquestada por los altos mandos de la Faja Petrolífera del Orinoco y gerentes de la estatal, militantes del PSUV y colaboradores principales de gobiernos oficialistas a nivel municipal y regional en el estado Anzoátegui.
Leading the pack in Blockchain bankingPauline Mura
How IBM can help
As one of the world’s leading research organizations,
and one of the world’s top contributors to open
source projects, IBM is committed to fostering the
collaborative effort required to transform how people,
governments and businesses transact and interact.
IBM provides clients the consulting and systems
integration capabilities to design and rapidly adopt
distributed ledgers, digital identity and blockchain
solutions. IBM helps clients leverage the global scale,
business domain expertise, and deep cloud integration
experience required for the application of these
technologies.
Best Hadoop Institutes : kelly tecnologies is the best Hadoop training Institute in Bangalore.Providing hadoop courses by realtime faculty in Bangalore.
Leading the pack in blockchain banking
Trailblazers set the pace.
The IBM Institute for Business Value with the support of the Economist Intelligence Unit surveyed 200 banks in 16 countries on their experience and expectations with blockchains. What differentiates the early adopters and what can we learn from them?
In today’s world of cut-throat competition, every interaction with the customer matters as it provides you with an opportunity to leave an everlasting impression on them. Almost all the major companies in the world believe and implement this philosophy.
Change is now the common narrative for retail bankers, with three interlocking "Rs" affecting all retail banks. "Regulate" still resonates as authorities finalise efforts to police the systems without stymieing economic growth. Equally challenging is "Revise" as traditional players work out their roles as customer expectations change rapidly. Further impetus comes from the start-ups and non-banking disruptors who aim to "Re-envisage" banking.
Backing up the Digital Front: Digitizing the Banking Back OfficeCapgemini
Over 94% of executives see digital transformation as an
opportunity.And indeed, most banks are investing in digital transformation in a big way. For instance, in 2011, banks
globally set aside nearly $13bn for investments in digital channels with a third of their total digital budget dedicated to mobile banking.
However, most banks have been focusing on transforming
the customer experience using digital technologies. In doing so, they are missing a potentially bigger opportunity
that they have, right in their backyard – the digitization of their operations. This paper examines why banks need to start digitizing their back office before it's too late.
Payments innovation is Critical for Every Global EnterpriseXTRMAccount
As fintech software and service innovations continue to disrupt the Financial Services market, even non-financial firms need to think about how to take advantage of this trend to improve
their payments processes for the benefit of the company, their customers and their partners.
Impact of Digital Transformation in Retail Banking Market in the UK.pptxMaveric Systems
With a slew of hyper-personalization initiatives, the UK’s retail banking market responds to increasingly intelligent devices, rapidly evolving CX, and real-time data processing. Coming on the back of a ravaging pandemic, stung with financial hardships, retail banks, like most banking organizations, scramble to reimagine a new future.
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/