This study from the Ponemon Institute and Accenture reviews the economic impact of cyber attacks in financial services and shares insights on the security investments that make a difference in financial services. Read our Cost of Cyber Crime blog series, which takes a closer look at the results: https://accntu.re/2GrL8El
Cybersecurity Talent : The Big Gap in Cyber ProtectionCapgemini
Read the latest report from the Digital Transformation Institute titled “Cybersecurity Talent : The Big Gap in Cyber Protection”. The report is based on a survey of 1200 employers and executives as well as social media analysis of 8000+ employees. It focuses on skill gap in cybersecurity and offers eight key recommendations to organizations to address two areas – acquisition and retention of cybersecurity talent.
Learn more at https://www.capgemini.com/resources/cybersecurity-talent-gap
Decades of mergers and acquisitions have taken their toll on security maturity, making it inconsistent. Read how you can achieve cyber resilience in soncumer goods and services.
CWIN17 telford gdpr or how to eat the elephant a bit at a time - andy powellCapgemini
Andy Powell will provide an overview of the General Data Protection Regulation (GDPR) and an approach for organizations to address its requirements through principles of "Build, Watch, Proact and React" modeled after medieval warfare strategies. GDPR compliance requires a balanced program across people, processes, and tools rather than a single solution. The presentation will simplify GDPR, explain the threats it addresses beyond just hackers, and how taking a common sense approach to prioritizing efforts can help organizations be ready to meet its obligations.
Top-10 Trends in Property & Casualty Insurance: 2018Capgemini
Emerging technologies are transforming every aspect of the insurance business. Property and casualty insurers are adapting InsurTech capabilities to be more customer-centric, to optimize costs, and to improve operational efficiency. Transformational moves by P&C insurers include the use of connected devices to mitigate risk, exploring new business models, value chain process automation across using Artificial Intelligence (AI) and Robotic Process Automation (RPA), and blockchain (distributed ledger) technology. They are also leveraging drones for efficient property assessment, Application Programming Interfaces (APIs) for seamlessly integrating with other stakeholders, and advanced analytics to provide personalized offerings and improve underwriting operations. Most of the Insurers prefer to collaborate with InsurTech firms for inculcating InsurTech capabilities and for quick deployment and efficient maintenance of the new systems, they are focusing on a cloud-native approach.
This document outlines 10 top trends in the healthcare industry for 2022 according to research by Capgemini. The trends include: 1) COVID-19 fast-tracking digital health and remote care delivery; 2) A focus on patient-centric, personalized care and shoppable healthcare experiences; 3) Adopting a whole-patient approach and understanding social determinants of health; 4) Using real-time healthcare data and IoMT to improve medical management; 5) Increased involvement of non-traditional players like BigTech firms; 6) Modernization efforts and cloud adoption in the industry; 7) Prioritizing pricing transparency and shoppable healthcare; 8) Increased focus on data privacy and security; 9) Margin pressures triggering
The insurance industry is witnessing a slow but certain evolution due to disruptive technologies, external market forces, and their consequent impact on insurance business and operating models.
This Slideshare deck has the overview of the top 10 insurance trends that will be strategic for firms in the near term.
Id insurance big data analytics whitepaper 20150527_lo resPrakash Kuttikatt
The document discusses how big data and analytics are disrupting the insurance industry. It provides background on the authors and describes the Australian insurance landscape, noting challenges like an aging population and increased natural disasters. It then discusses how big data is transforming the insurance value chain by enabling more accurate risk assessment and pricing through analysis of diverse new sources of data like telematics and social media. Insurers who leverage big data and analytics to gain insights and improve customer relationships will have a competitive advantage over those who do not adapt to this new digital environment.
This study from the Ponemon Institute and Accenture reviews the economic impact of cyber attacks in financial services and shares insights on the security investments that make a difference in financial services. Read our Cost of Cyber Crime blog series, which takes a closer look at the results: https://accntu.re/2GrL8El
Cybersecurity Talent : The Big Gap in Cyber ProtectionCapgemini
Read the latest report from the Digital Transformation Institute titled “Cybersecurity Talent : The Big Gap in Cyber Protection”. The report is based on a survey of 1200 employers and executives as well as social media analysis of 8000+ employees. It focuses on skill gap in cybersecurity and offers eight key recommendations to organizations to address two areas – acquisition and retention of cybersecurity talent.
Learn more at https://www.capgemini.com/resources/cybersecurity-talent-gap
Decades of mergers and acquisitions have taken their toll on security maturity, making it inconsistent. Read how you can achieve cyber resilience in soncumer goods and services.
CWIN17 telford gdpr or how to eat the elephant a bit at a time - andy powellCapgemini
Andy Powell will provide an overview of the General Data Protection Regulation (GDPR) and an approach for organizations to address its requirements through principles of "Build, Watch, Proact and React" modeled after medieval warfare strategies. GDPR compliance requires a balanced program across people, processes, and tools rather than a single solution. The presentation will simplify GDPR, explain the threats it addresses beyond just hackers, and how taking a common sense approach to prioritizing efforts can help organizations be ready to meet its obligations.
Top-10 Trends in Property & Casualty Insurance: 2018Capgemini
Emerging technologies are transforming every aspect of the insurance business. Property and casualty insurers are adapting InsurTech capabilities to be more customer-centric, to optimize costs, and to improve operational efficiency. Transformational moves by P&C insurers include the use of connected devices to mitigate risk, exploring new business models, value chain process automation across using Artificial Intelligence (AI) and Robotic Process Automation (RPA), and blockchain (distributed ledger) technology. They are also leveraging drones for efficient property assessment, Application Programming Interfaces (APIs) for seamlessly integrating with other stakeholders, and advanced analytics to provide personalized offerings and improve underwriting operations. Most of the Insurers prefer to collaborate with InsurTech firms for inculcating InsurTech capabilities and for quick deployment and efficient maintenance of the new systems, they are focusing on a cloud-native approach.
This document outlines 10 top trends in the healthcare industry for 2022 according to research by Capgemini. The trends include: 1) COVID-19 fast-tracking digital health and remote care delivery; 2) A focus on patient-centric, personalized care and shoppable healthcare experiences; 3) Adopting a whole-patient approach and understanding social determinants of health; 4) Using real-time healthcare data and IoMT to improve medical management; 5) Increased involvement of non-traditional players like BigTech firms; 6) Modernization efforts and cloud adoption in the industry; 7) Prioritizing pricing transparency and shoppable healthcare; 8) Increased focus on data privacy and security; 9) Margin pressures triggering
The insurance industry is witnessing a slow but certain evolution due to disruptive technologies, external market forces, and their consequent impact on insurance business and operating models.
This Slideshare deck has the overview of the top 10 insurance trends that will be strategic for firms in the near term.
Id insurance big data analytics whitepaper 20150527_lo resPrakash Kuttikatt
The document discusses how big data and analytics are disrupting the insurance industry. It provides background on the authors and describes the Australian insurance landscape, noting challenges like an aging population and increased natural disasters. It then discusses how big data is transforming the insurance value chain by enabling more accurate risk assessment and pricing through analysis of diverse new sources of data like telematics and social media. Insurers who leverage big data and analytics to gain insights and improve customer relationships will have a competitive advantage over those who do not adapt to this new digital environment.
General Data Protection Regulation (GDPR) Implications for Canadian Firmsaccenture
The General Data Protection Regulation (GDPR) represents significant challenges for financial institutions to comply with the new data processing and record keeping requirements. This Accenture Finance & Risk presentation explores the impact of GDPR on Canadian firms, including lessons learned from our work with clients and knowledge gained that can be used for an effective GDPR journey.
Designing Enhanced Supervision for the Evolving Wealth Management Ecosystemaccenture
Converging and rapidly evolving industry trends are creating a new wealth management environment demanding Wealth Managers redefine supervisory governance to best support the firm’s growth strategies while balancing strong risk management. In this new Accenture Finance & Risk presentation we explore the evolving wealth management trends and challenges and outline four key business supervision design questions to support sustainable, long-term growth.
Cybersecurity-Anforderungen in IT-Sourcing-Projekten meistern – Ein Leitfaden...Capgemini
Managing Cybersecurity demands in IT sourcing projects: A guideline using the example of Identity & Access Management. This presentation outlines the topic of Identity & Access Management in complex IT landscapes and IT services supply chains by the help of practical examples and by comparing reality and cyberspace. It also makes recommendations for the access management for organizational IT systems.
In light of BigTech’s potential entry into wealth management, it is critical for established firms to anticipate evolving customer preferences and demands to stay competitive. Leveraging deep customer insights offers a competitive edge when it comes to designing products and services. Artificial intelligence (AI) is becoming an increasingly useful tool in the development of Intelligent Solutions for both front- and back-end wealth management operations, which can improve customer engagement. In pursuit of new revenue streams, wealth firms are partnering with third-party developers and FinTechs to create open API-based plug-and-play services. Data-driven compliance will help to ensure regulatory risk management while also driving firm goals, profitability, and reputation.
Transforming Insurance Risk Assessment with Big Data: Choosing the Best PathCapgemini
Insurers are realizing that big data has the potential to create competitive advantage. There is a gold mine of information residing across the large volumes of data available in multiple sources and disparate formats, if only it can be efficiently mined to support key operational decisions and improve the customer experience. Commercial risk assessment is data intensive and ripe for the incorporation of real-time external data. In this paper, we explore the ways commercial insurers can gain accurate and comprehensive risk assessments when underwriting policies by using big data.
What Does Good Risk Culture Actually Look Like?accenture
At RiskMinds International 2015, Rafael Gomes presented "What Does Good Risk Culture Actually Look Like?" and addressed risk culture and conduct in practice. Get more information from Rafael’s blog post, which describes how financial services can recognize, measure, and communicate good risk culture: http://bit.ly/1RFBrzF
2018 State of Cyber Resilience - New Yorkaccenture
In 2018, Accenture Security surveyed 4,600 executives to understand the extent to which organizations prioritize security, how comprehensive their security plans are, what security capabilities they have, and their level of spend on security. 100 of those executives are based in New York City.
While COVID-19 has sparked the demand for life insurance, it has also exposed the operating model vulnerabilities in distribution, servicing, and customer retention. In a post-COVID, new-normal environment, insurers need to enhance their capabilities around advanced data management and focus on seamless and secure data sharing to provide superior CX and hyper-personalized offerings. Accelerated digitalization and faster go-to-market are vital to remaining competitive, and win-win partnerships with ecosystems are critical in the journey.
Read our Top Life Insurance Trends 2022 to explore the tactical and strategic initiatives carriers undertake to acquire competencies around customer centricity, product agility, intelligent processes, and an open ecosystem to ensure profitable growth and future readiness.
The Currency of Trust: Why Banks and Insurers Must Make Customer Data Safer a...Capgemini
Are banks and insurers a safe pair of hands when it comes to customer data? Our global survey of more than 180 senior data privacy and security professionals – as well as 7,600 consumers – found that less than a third (29%) of these organizations offer both strong data privacy practices and a sound security strategy. Just one in five (21%) are highly confident that they can detect a cybersecurity breach.
This picture has so far not unduly affected consumers’ perceptions of the industry. We found that 83% of consumers trust banks and insurers when it comes to data. And while one in four institutions have reported being victim of a hack, just 3% of consumers believe their own bank or insurer has ever been breached. However, with the pending General Data Protection Regulation (GDPR) regulations, this trust factor is likely to change as transparency increases. Financial organizations have to reveal a data breach 72 hours after the incident.
Banks and insurance firms have a clear incentive therefore to fortify their defences. As well as avoiding the prohibitive fines and penalties that will result from compromised data, protecting privacy offers a strategic business advantage. Addressing security concerns will drive greater adoption of low-cost digital channels. We found that security concerns deter nearly half of consumers (47%) from using digital channels. It will also reduce churn and attract competitors’ customers – 74% of consumers would switch their bank or insurer in the event of a data breach.
Preparing to be a trusted data steward is no easy task, however. It means raising the bar on multiple dimensions:
• Aligning data practices with consumers’ expectations
• Finding innovative ways of providing non-intrusive security to consumers
• Building the capabilities required to monitor cyber risks on a real-time basis
• Revisiting the data governance model.
Building your reputation for data privacy and robust security is definitely challenging. But, those who strike the right chord with consumers will enjoy a competitive advantage over their peers. The winners will be those who triumph in the trust game.
As the US economic recovery gains momentum, unemployment is falling and consumer confidence is on the rise, creating a more conducive environment for carriers to market their products and services. This year’s Outlook discusses bigger picture issues likely to have a significant effect on consumer behavior and insurer operations in 2015 and beyond.
Thousands of Employees, Millions of Devices, Billions of Things – Welcome to ...Capgemini
The Internet of Things is a network of connected devices fast becoming pervasive. These devices are bringing fundamental changes in the way business is done today; along with organization's internal processes and its digital strategy. These changes have already spurred a new wave of innovation and efficiency.
As the technology evolves, businesses should develop the ability to separate the true game changers from the hype and be prepared for a world where the number of things to be managed increases by an order of magnitude.
This presentation introduces the capabilities and imperatives that organizations need to advance.
Presented at Mobile World Congress 2015 by Simon Short.
Cyber security trends in the UK
Enterprises today are faced with three key challenges:
- Implementing new SMAC technologies to support the business, as part of their digital transformation programs, but while keeping it secure;
- Responding to the increasing and changing threat landscape of targeted attacks;
- Achieving and retaining compliance with an increasing number of rules and regulations.
How do enterprises respond, in the context of a nationwide shortage in cyber security skills? Our hypothesis for this study was that enterprises are struggling to cope with the increase in workload, and are increasingly offloading (some of) their security provision to outsourcing providers as Managed Security Services (MSS). We surveyed 230 decision makers in large companies (1000+ employees) in the UK, to understand their motivations and drivers with regard to cyber security provision.
This study deals with the following questions:
- What do companies understand about the growing cyber threat landscape?
- How are companies meeting their resource challenges in cyber security?
- How are they using external providers to meet resource challenges?
- What are the drivers and inhibitors for using external cyber security providers?
- What alternative approaches to external cyber security provision being considered?
- Which services do companies expect from a cyber security provider?
- What are the capabilities and attributes of a credible cyber security provider?
Ninth Annual Cost of Cybercrime Study in Financial Services – 2019 Reportaccenture
This new Accenture Security document reports on how the cost of cybercrime continues to increase for financial services companies and explores how enhanced cybersecurity can unlock substantial new financial value for their organizations
Staying ahead in the cyber security game - Sogeti + IBMRick Bouter
Cyber security is center stage in the world today, thanks to almost continuous revelations about incidents and breaches. In this context of unpredictability and insecurity, organizations are redefining their approach to security, trying to find the balance between risk, innovation and cost. At the same time, the field of cyber security is undergoing many dramatic changes, demanding organizations embrace new practices and skill sets.
Cyber security risk is now squarely a business risk – dropping the ball on security can threaten an organization’s future – yet many organizations continue to manage and understand cyber security in the context of the it department. This has to change.
• • With the evolving role of the CFOs, businesses more than ever are now reliant on their CFOs to translate mere numbers into incisive intelligence to tap new growth opportunities
• The right insights can prime the finance function to swiftly respond to market volatility, facilitate strategic expansion, spot trends, accurately predict outcomes, and proactively drive top-line and bottom-line growth
• CFOs can also make an impact at the larger enterprise level by incorporating analytics to add value outside it core functions and help other functions
• Given the pre-dominant importance of technology and the role it plays as a Big Data enabler, it is imperative for CFOs to forge collaborative and strategic relationships with CIOs
Limit your vulnerabilities: Assess. Develop. Protect.accenture
Cyber for higher ed doesn't have to be scary. Identifying vulnerabilities allows you to proactively secure your network and meet a range of challenges.
Behavioral Analysis for Financial Crime Threat Mitigationaccenture
In this new Accenture Finance & Risk presentation we explore how behavioral analysis can help financial services firms strengthen their ability to identify financial crime threats and facilitate complex investigation. Get more on financial crime: https://accntu.re/2qN476b
Information Security assessment of companies in Germany, Austria and Switzerland, February 2015.
Every day critical security incidents show the drastic extent of "successful" cyber attacks for organizations in terms of monetary and material loss. With increasing use of digital technologies and the growing spread of mobile and IoT cyber security is becoming a key factor for companies’ successful digital transformation. To analyze current challenges, trends and maturity of companies state of information security, Capgemini Consulting DACH conducted a survey in Germany, Austria and Switzerland. The 2014 Information Security Benchmarking Study shows that information security is insufficiently embedded in most companies‘ business strategy and operations to effectively safeguard organizations against current cyber threats.
https://www.de.capgemini-consulting.com/resources/information-security-benchmarking
This document summarizes a presentation on cyber risks in the energy industry. It discusses regulatory responses to cyber threats, examples of corporate cybersecurity policies from major energy companies, and key questions insurers have about how companies manage cyber risk. Recent cyberattack trends and litigation are also reviewed. The presentation covers technical vulnerabilities, preventative measures, and the growing legal and financial implications of data breaches for energy companies.
General Data Protection Regulation (GDPR) Implications for Canadian Firmsaccenture
The General Data Protection Regulation (GDPR) represents significant challenges for financial institutions to comply with the new data processing and record keeping requirements. This Accenture Finance & Risk presentation explores the impact of GDPR on Canadian firms, including lessons learned from our work with clients and knowledge gained that can be used for an effective GDPR journey.
Designing Enhanced Supervision for the Evolving Wealth Management Ecosystemaccenture
Converging and rapidly evolving industry trends are creating a new wealth management environment demanding Wealth Managers redefine supervisory governance to best support the firm’s growth strategies while balancing strong risk management. In this new Accenture Finance & Risk presentation we explore the evolving wealth management trends and challenges and outline four key business supervision design questions to support sustainable, long-term growth.
Cybersecurity-Anforderungen in IT-Sourcing-Projekten meistern – Ein Leitfaden...Capgemini
Managing Cybersecurity demands in IT sourcing projects: A guideline using the example of Identity & Access Management. This presentation outlines the topic of Identity & Access Management in complex IT landscapes and IT services supply chains by the help of practical examples and by comparing reality and cyberspace. It also makes recommendations for the access management for organizational IT systems.
In light of BigTech’s potential entry into wealth management, it is critical for established firms to anticipate evolving customer preferences and demands to stay competitive. Leveraging deep customer insights offers a competitive edge when it comes to designing products and services. Artificial intelligence (AI) is becoming an increasingly useful tool in the development of Intelligent Solutions for both front- and back-end wealth management operations, which can improve customer engagement. In pursuit of new revenue streams, wealth firms are partnering with third-party developers and FinTechs to create open API-based plug-and-play services. Data-driven compliance will help to ensure regulatory risk management while also driving firm goals, profitability, and reputation.
Transforming Insurance Risk Assessment with Big Data: Choosing the Best PathCapgemini
Insurers are realizing that big data has the potential to create competitive advantage. There is a gold mine of information residing across the large volumes of data available in multiple sources and disparate formats, if only it can be efficiently mined to support key operational decisions and improve the customer experience. Commercial risk assessment is data intensive and ripe for the incorporation of real-time external data. In this paper, we explore the ways commercial insurers can gain accurate and comprehensive risk assessments when underwriting policies by using big data.
What Does Good Risk Culture Actually Look Like?accenture
At RiskMinds International 2015, Rafael Gomes presented "What Does Good Risk Culture Actually Look Like?" and addressed risk culture and conduct in practice. Get more information from Rafael’s blog post, which describes how financial services can recognize, measure, and communicate good risk culture: http://bit.ly/1RFBrzF
2018 State of Cyber Resilience - New Yorkaccenture
In 2018, Accenture Security surveyed 4,600 executives to understand the extent to which organizations prioritize security, how comprehensive their security plans are, what security capabilities they have, and their level of spend on security. 100 of those executives are based in New York City.
While COVID-19 has sparked the demand for life insurance, it has also exposed the operating model vulnerabilities in distribution, servicing, and customer retention. In a post-COVID, new-normal environment, insurers need to enhance their capabilities around advanced data management and focus on seamless and secure data sharing to provide superior CX and hyper-personalized offerings. Accelerated digitalization and faster go-to-market are vital to remaining competitive, and win-win partnerships with ecosystems are critical in the journey.
Read our Top Life Insurance Trends 2022 to explore the tactical and strategic initiatives carriers undertake to acquire competencies around customer centricity, product agility, intelligent processes, and an open ecosystem to ensure profitable growth and future readiness.
The Currency of Trust: Why Banks and Insurers Must Make Customer Data Safer a...Capgemini
Are banks and insurers a safe pair of hands when it comes to customer data? Our global survey of more than 180 senior data privacy and security professionals – as well as 7,600 consumers – found that less than a third (29%) of these organizations offer both strong data privacy practices and a sound security strategy. Just one in five (21%) are highly confident that they can detect a cybersecurity breach.
This picture has so far not unduly affected consumers’ perceptions of the industry. We found that 83% of consumers trust banks and insurers when it comes to data. And while one in four institutions have reported being victim of a hack, just 3% of consumers believe their own bank or insurer has ever been breached. However, with the pending General Data Protection Regulation (GDPR) regulations, this trust factor is likely to change as transparency increases. Financial organizations have to reveal a data breach 72 hours after the incident.
Banks and insurance firms have a clear incentive therefore to fortify their defences. As well as avoiding the prohibitive fines and penalties that will result from compromised data, protecting privacy offers a strategic business advantage. Addressing security concerns will drive greater adoption of low-cost digital channels. We found that security concerns deter nearly half of consumers (47%) from using digital channels. It will also reduce churn and attract competitors’ customers – 74% of consumers would switch their bank or insurer in the event of a data breach.
Preparing to be a trusted data steward is no easy task, however. It means raising the bar on multiple dimensions:
• Aligning data practices with consumers’ expectations
• Finding innovative ways of providing non-intrusive security to consumers
• Building the capabilities required to monitor cyber risks on a real-time basis
• Revisiting the data governance model.
Building your reputation for data privacy and robust security is definitely challenging. But, those who strike the right chord with consumers will enjoy a competitive advantage over their peers. The winners will be those who triumph in the trust game.
As the US economic recovery gains momentum, unemployment is falling and consumer confidence is on the rise, creating a more conducive environment for carriers to market their products and services. This year’s Outlook discusses bigger picture issues likely to have a significant effect on consumer behavior and insurer operations in 2015 and beyond.
Thousands of Employees, Millions of Devices, Billions of Things – Welcome to ...Capgemini
The Internet of Things is a network of connected devices fast becoming pervasive. These devices are bringing fundamental changes in the way business is done today; along with organization's internal processes and its digital strategy. These changes have already spurred a new wave of innovation and efficiency.
As the technology evolves, businesses should develop the ability to separate the true game changers from the hype and be prepared for a world where the number of things to be managed increases by an order of magnitude.
This presentation introduces the capabilities and imperatives that organizations need to advance.
Presented at Mobile World Congress 2015 by Simon Short.
Cyber security trends in the UK
Enterprises today are faced with three key challenges:
- Implementing new SMAC technologies to support the business, as part of their digital transformation programs, but while keeping it secure;
- Responding to the increasing and changing threat landscape of targeted attacks;
- Achieving and retaining compliance with an increasing number of rules and regulations.
How do enterprises respond, in the context of a nationwide shortage in cyber security skills? Our hypothesis for this study was that enterprises are struggling to cope with the increase in workload, and are increasingly offloading (some of) their security provision to outsourcing providers as Managed Security Services (MSS). We surveyed 230 decision makers in large companies (1000+ employees) in the UK, to understand their motivations and drivers with regard to cyber security provision.
This study deals with the following questions:
- What do companies understand about the growing cyber threat landscape?
- How are companies meeting their resource challenges in cyber security?
- How are they using external providers to meet resource challenges?
- What are the drivers and inhibitors for using external cyber security providers?
- What alternative approaches to external cyber security provision being considered?
- Which services do companies expect from a cyber security provider?
- What are the capabilities and attributes of a credible cyber security provider?
Ninth Annual Cost of Cybercrime Study in Financial Services – 2019 Reportaccenture
This new Accenture Security document reports on how the cost of cybercrime continues to increase for financial services companies and explores how enhanced cybersecurity can unlock substantial new financial value for their organizations
Staying ahead in the cyber security game - Sogeti + IBMRick Bouter
Cyber security is center stage in the world today, thanks to almost continuous revelations about incidents and breaches. In this context of unpredictability and insecurity, organizations are redefining their approach to security, trying to find the balance between risk, innovation and cost. At the same time, the field of cyber security is undergoing many dramatic changes, demanding organizations embrace new practices and skill sets.
Cyber security risk is now squarely a business risk – dropping the ball on security can threaten an organization’s future – yet many organizations continue to manage and understand cyber security in the context of the it department. This has to change.
• • With the evolving role of the CFOs, businesses more than ever are now reliant on their CFOs to translate mere numbers into incisive intelligence to tap new growth opportunities
• The right insights can prime the finance function to swiftly respond to market volatility, facilitate strategic expansion, spot trends, accurately predict outcomes, and proactively drive top-line and bottom-line growth
• CFOs can also make an impact at the larger enterprise level by incorporating analytics to add value outside it core functions and help other functions
• Given the pre-dominant importance of technology and the role it plays as a Big Data enabler, it is imperative for CFOs to forge collaborative and strategic relationships with CIOs
Limit your vulnerabilities: Assess. Develop. Protect.accenture
Cyber for higher ed doesn't have to be scary. Identifying vulnerabilities allows you to proactively secure your network and meet a range of challenges.
Behavioral Analysis for Financial Crime Threat Mitigationaccenture
In this new Accenture Finance & Risk presentation we explore how behavioral analysis can help financial services firms strengthen their ability to identify financial crime threats and facilitate complex investigation. Get more on financial crime: https://accntu.re/2qN476b
Information Security assessment of companies in Germany, Austria and Switzerland, February 2015.
Every day critical security incidents show the drastic extent of "successful" cyber attacks for organizations in terms of monetary and material loss. With increasing use of digital technologies and the growing spread of mobile and IoT cyber security is becoming a key factor for companies’ successful digital transformation. To analyze current challenges, trends and maturity of companies state of information security, Capgemini Consulting DACH conducted a survey in Germany, Austria and Switzerland. The 2014 Information Security Benchmarking Study shows that information security is insufficiently embedded in most companies‘ business strategy and operations to effectively safeguard organizations against current cyber threats.
https://www.de.capgemini-consulting.com/resources/information-security-benchmarking
This document summarizes a presentation on cyber risks in the energy industry. It discusses regulatory responses to cyber threats, examples of corporate cybersecurity policies from major energy companies, and key questions insurers have about how companies manage cyber risk. Recent cyberattack trends and litigation are also reviewed. The presentation covers technical vulnerabilities, preventative measures, and the growing legal and financial implications of data breaches for energy companies.
The webinar discusses cybersecurity trends for small and medium enterprises (SMEs) and professional accountants in light of the COVID-19 pandemic. It will provide an overview of pre-pandemic cybersecurity trends and risks, examine how the pandemic has influenced these trends and risks, and offer practical insights for SMEs to respond proactively. A panel of cybersecurity experts from Deloitte, KPMG and Cherry Bekaert will discuss topics like the global state of cybersecurity in SMEs before the pandemic, the impact of widespread remote working during the pandemic, and key considerations for cybersecurity in a post-pandemic environment.
In an era of global connectivity, online information and systems are playing an increasingly central role in business. According to data from Cisco, worldwide internet-connected devices will reach 50 billion by 2020, and with 15 billion devices already in 2015 it is apparent that an increasing numbers of companies, systems and information are working online.
This document discusses managing information and technology risk in a changing business environment. It argues that managing risk is now vital to maximizing commercial potential and protecting brands and reputations from cyber threats. However, security strategies must be flexible to adapt to new technologies and business models. Effective risk management requires assessing realistic threats, prioritizing risks, and presenting risks in a business context. It also requires accounting for changing business dynamics and integrating risk management across the organization rather than taking a siloed approach.
2015 Energy Industry Cybersecurity Research UpdateGridCyberSec
The document is an energy industry cybersecurity report from July 2015. It provides key findings from surveys of energy organizations regarding their cybersecurity risks, programs, and challenges. Some of the main findings are that organizations acknowledge growing cyber risks but are not confident in their ability to manage them, most have experienced a disruptive cyber incident, and insiders are viewed as the biggest risk. The report aims to help organizations evaluate and improve their cybersecurity efforts.
The document summarizes research from a survey of 700 IT and security professionals about tackling attack detection and incident response. Key findings include:
1) Organizations conducted an average of 78 security investigations in 2014, with 28% related to targeted attacks. Targeted attack investigations are more difficult and time-consuming.
2) Incident detection and response are hindered by time-consuming manual processes and a lack of integration between security tools. This delays response times and can enable data breaches.
3) Visibility across users, systems, applications and data is limited due to gaps in understanding behaviors and a lack of integration between security and IT operations tools.
Big Iron to Big Data Analytics for Security, Compliance, and the MainframePrecisely
Security Information and Event Management (SIEM) technologies and practices continue to expand across IT organizations to address security concerns and meet compliance mandates. However, in many of these organizations the mainframe remains an isolated technology platform. Security & compliance issues are addressed using old tools that are not effectively integrated into big data analytics platforms. In this webinar we discuss how to leverage mainframe (Big Iron) data sources into Big Data analytics platforms to address a variety of mainframe security challenges. Additionally, we cover:
• How to integrate IBM z/OS mainframe security data into an enterprise SIEM solution
• How to leverage IBM z/OS security data to detect threats in the mainframe environment using big data analytics
• Review some compliance uses cases that have been addressed using big iron to big data analytics
Cybersecurity in the Cognitive Era: Priming Your Digital Immune SystemIBM Security
What could cybersecurity look like in the cognitive era? Organizations are facing a number of well-known security challenges and these challenges are leading to gaps in intelligence, speed, and accuracy when it comes to threats and incidents. The gaps can’t be addressed by simply scaling up legacy processes and infrastructure – new approaches are needed, and cognitive security solutions may help address these gaps. IBM conducted a survey of over 700 security professionals leaders and practitioners from 35 countries, representing 18 industries to get a sense for what challenges they are facing, how they are being addressed, and how they view cognitive security solutions as a potential powerful new tool.
Join us as Diana Kelley, Executive Security Advisor in IBM Security, and David Jarvis, Functional Research Lead for CIO and Cybersecurity in the IBM Institute for Business Value, discuss findings from the 2016 Cybersecurity Study “Cybersecurity in the Cognitive Era: Priming Your Digital Immune System” This webinar will cover an overview of the study findings, including:
Security challenges, shortcomings and what security leaders are doing about them
Views on cognitive security solutions – how they might help, readiness to implement and what might be holding them back
What those that are ready to implement cognitive enabled security today are thinking and doing
Five principles for improving your cyber securityWGroup
The document discusses cyber security risks for businesses and provides five principles for improving cyber security. It notes that as corporate assets have increasingly become virtual, cyber security risks have also increased. The five principles are: 1) Identifying security risks and determining how to address them, 2) Managing risks through resource allocation and transferring risks, 3) Understanding legal implications of breaches, 4) Obtaining technical expertise on security issues, and 5) Having expectations and oversight of the cyber security program.
CIOs need a strategy for securing enterprises as data breaches have increased significantly in recent years. While IT budgets and staffing have decreased, compliance requirements have increased. Outsourcing security functions to a managed security provider can help CIOs address these challenges more effectively by leveraging provider expertise, advanced tools and economies of scale, allowing IT to focus on business needs. Failure to comply with regulations through inadequate security practices can result in penalties, loss of customer trust and damage to reputation.
The document describes the Certified Security Management Professional (CSMP) certification program. It is a 12-month distance learning program divided into 12 modules that cover key areas of security management knowledge. Upon completing all modules and assignments, students earn the CSMP certification. The cost is £750 plus VAT. The certification is accredited by Industry Qualifications and Skills for Security in the UK. It is intended for security managers and professionals to enhance their skills and credentials. The program has hundreds of graduates from over 85 countries.
Corporate Cybersecurity. What has changed in recent years? Presentation held for business decision makers for them to understand the paradigm change from traditional infosec towards cybersecurity of today.
Cybersecurity In The Cognitive Era: Priming Your Digital Immune SystemIBM Security
This document discusses cognitive security solutions and their potential benefits. It notes that current security challenges include keeping up with the increasing speed, sophistication and volume of threats. Cognitive security solutions could help by ingesting and organizing vast amounts of security data to provide better intelligence, speed and accuracy. The document profiles organizations as "Primed", "Pressured" or "Prudent" based on their security effectiveness, understanding of cognitive benefits, and readiness. The "Primed" are most familiar with cognitive security and have the resources to adopt it. While still emerging, the document recommends organizations recognize weaknesses and become educated on cognitive security to prepare.
Meraj Ahmad - Information security in a borderless worldnooralmousa
The document discusses information security challenges in today's borderless world of increased mobile and cloud computing use. It notes that while organizations recognize new risks from these technologies, many are not adjusting policies or security awareness accordingly. The presentation recommends that organizations establish comprehensive risk management programs, conduct risk assessments, take an information-centric view of security, and increase security controls, awareness and outsourcing to address risks from mobile, cloud and social media use. It also provides a framework to transform security programs to better protect important data and enable business needs.
EMEA: Using Security Metrics to Drive Action - 22 Experts Share How to Commun...Mighty Guides, Inc.
The document discusses strategies and metrics for communicating security program effectiveness to business executives and boards. It includes perspectives from several CISOs and security leaders in Europe and the Middle East on how they would answer a CEO's question about how secure the organization is. One expert notes they would avoid hard metrics and focus on a risk-based conversation. Another emphasizes maturity statistics relative to industry peers to show security expenditures provide the right level of protection. A third recommends presenting metrics as percentages of progress rather than raw numbers to provide understandable context for executives.
Securing the C-Suite: Cybersecurity Perspectives from the BoardroomIBM Security
The document summarizes the findings of a survey of over 700 C-suite executives from 29 countries and 18 industries regarding their perspectives on cybersecurity. Some key findings include: 75% of CxOs believe a comprehensive cybersecurity program is important; however, over half may be overstating the likelihood of a significant cybersecurity incident. Additionally, while CxOs acknowledge some risks, they understate risks from insiders and overstate risks from external threats. The C-suites were clustered into three groups based on their cybersecurity effectiveness: not prepared, progressing, and cybersecure. The cybersecure C-suites were more likely to have robust cybersecurity governance and collaboration.
Similar to Capgemini Consulting Information Security Benchmarking 2017 (20)
A combination of factors − the pandemic, catastrophic weather events, evolving policyholder expectations, and insurers’ drive for operational efficiency and future relevance − are sparking P&C industry changes.
In a post-COVID, new-normal environment, the most strategic insurers are building resilient, crisis-proof enterprises poised to take advantage of emerging and future business opportunities. They are leveraging advanced data analytics and novel technologies to assure agility and achieve positive revenue and customer satisfaction outcomes. Competitive advantage will hinge on accelerated digitalization and faster go-to-market. Therefore, win-win partnerships and embedded services with InsurTechs and other ecosystem players are critical.
Read Capgemini’s Top P&C Insurance Trends 2022 for a glimpse at the tactical and strategic initiatives carriers are undertaking to boost customer-centricity, product agility, intelligent processes, and an open ecosystem to ensure profitable growth and future-readiness.
This analysis provides an overview of the top trends in the commercial banking sector as they shift to technology high gear to boost client efficiency and battle a volatile, uncertain, competitive, and evolving landscape.
First, it was retail banking. Now, advanced technology is shifting to – and disrupting − the commercial banking space. Many commercial banks, known for paperwork, red tape, and branch dependency, were unprepared to support clients during their post-COVID-19 ramp-up. But now, the digital pivot to new mindsets, partnerships, and processes is in overdrive.
As commercial banks grapple with competition from FinTechs, BigTechs, and alternative lenders, their inability
to fulfill SME demands and pandemic after-shocks necessitates transformative process changes and a move
to experiential, sustainable, and inclusive banking models. We expect banks to strive to meet the demands
of corporate clients and SMEs by digitally transforming critical workflows and improving client experience.
Additionally, incremental process improvements in the middle and back-office that leverage intelligent
automation will keep the competition at bay because engaged clients are loyal.
Adopting newer methods to mine data and moving to as-a-Service models will prepare commercial banks
to flexibly respond to newcomers and find ways to co-exist through effective collaboration. The time has come for commercial banks to put transformation on the fast track as lending losses in wallet and market share could spill over to other functions!
How incumbents react and respond to 2022 trends could determine their relevancy and resiliency in the years ahead.
The Covid-19 pandemic necessitated the payments industry undergo a facelift, sparked by novel approaches from new-age players, fostered by industry consolidation, and customers’ demand for end-to-end experience. Crossing the threshold, the industry is entering a new era – Payments 4.X, where payments are embedded and invisible, and an enabling function to provide frictionless customer experience. As customers make a permanent shift to next-gen payment methods, Digital IDs are critical for a seamless payment experience. The B2B payments segment is witnessing rapid digitization. BigTechs, PayTechs, and industry newcomers are ready to jump in with newfangled solutions to help underserved small to medium-sized businesses (SMBs).
As incumbents struggle with profits, new-age firms are forging ahead to take the lead in the Payments 4.X era by riding the success of non-card products and services. The new era demands collaboration, platformification, and firms can unleash full market potential only by embracing API-based business models and open ecosystems. Data prowess and enhanced payment processing capabilities are inevitable to thrive ahead. The clock is ticking for banks and traditional payments firms because the competitive advantage is not guaranteed forever. As industry players seek economies of scale, consolidations loom, and non-banks explore new territories to threaten incumbents’ market share. While all these 2022 trends are at play, central bank digital currency (CBDC) is emerging globally and might open a new chapter in the current payments landscape.
As we slowly move out of the pandemic, financial services firms have learned the criticality of virtual engagement to business resilience. Wealth management firms will need capabilities to cater to new-age clients and deliver new-age services. This report aims to understand and analyze the top trends in the Wealth Management industry this year and beyond.
A year ago, our Top Trends in Wealth Management report emphasized how the pandemic sparked disruption and digital transformation and changing investor attitudes around Environmental, Social, and Corporate Governance (ESG) products. As we begin 2022, many of those trends continue to hold as COVID-19’s wide-reaching effects continue to influence the wealth management industry.
As wealth management (WM) firms supercharge their digital transformation journeys, investments in cybersecurity and human-centered design are becoming critical to building superior digital client experience (CX). Another holdover trend − sustainable investing – is gaining mainstream attention and generating increasingly sophisticated client demands. Data and analytics capabilities will become ever more essential for ESG scoring and personalized customer engagement. As large financial services firms refocus on their wealth management business while new digital players make industry strides, competition is becoming historically intense. Not surprisingly, client experience is the new battleground.
This analysis provides an overview of the top trends in the retail banking sector driven by the competition, digital transformation, and innovation led by retail banks exploring novel ways to create and retain value in evolving landscape.
COVID-19 caught banks off guard and shook legacy mindsets to the core. With 20/20 (2020) hindsight, firms are more aware, digitally resilient, and financially stable as they head into 2022. The trials of the past 18 months forced firms to shore up existing business and consider new models and revenue streams.
Customer-centricity remains at the top of most FS agendas and is a 2022 focal point. Banks will focus on achieving operational excellence as diligently as delivering superior CX. In 2022 and beyond, it will be paramount for FIs to explore and invest in new technologies to remain relevant and resilient.
Banking 4.X will arrive in full force in 2022 with platform-supported firms monetizing diverse ecosystem capabilities and aggressively harvesting data to create experiential customer journeys through intelligent and personalized engagements. The new era will compel future-focused banks to finally abandon legacy infrastructure and collaborate with third-party specialists to solidify their best-fit, long-term roles. Increasingly, open platforms will make banks invisible as banking becomes embedded into customer lifestyles. At the same time, banks will shed asset-heavy models and shift to the cloud for greater agility, speed to market, and faster innovation. The shift will act as a precursor to adopting new technologies on the horizon – 5G and Decentralized Finance.
The recent past was filled will extraordinary lessons for financial institutions. Now is the time to act on those learnings and move forward profitably.
Property & Casualty Insurance Top Trends 2021Capgemini
The Property & Casualty insurance landscape is evolving quickly with the changing risk landscape, entry of new players, and changing customer expectations. The ripple effects of COVID-19 on the P&C insurance industry and natural disasters such as forest fires have adversely impacted insurance firm books.
In this scenario, to ensure growth and future-readiness, the most strategic insurers strive to be ‘Inventive Insurers’ – assuming a customer-centric approach, deploying intelligent processes, practicing business resilience and go-to-market agility, and embracing an open ecosystem.
Read our Property & Casualty Insurance Top Trends 2021 report to explore the strategies insurers are adapting to remain competitive amidst the evolving business landscape and how they can explore new ways to enhance their profitability.
A combination of factors such as demographic changes, evolving consumer preferences, and desire to become operationally efficient were already spurring changes in the life insurance industry. Enter 2020 – the COVID-19 pandemic is having a significant impact on the industry.
At the peak of disruption, the focus was on ensuring business continuity, but new initiatives are cropping up to tackle the challenges as the industry is adapting to the new normal.
Furthermore, COVID-19 has acted as a catalyst, pushing life insurers to prioritize their efforts on improving customer centricity, developing go-to-market agility, making processes intelligent, building business resilience, and embracing the open ecosystem.
Read our Life Insurance Top Trends 2021 report to explore the strategies insurers are adopting to manage the changing market dynamics.
The uncertainty of 2020 is setting the global tone for the immediate future in the financial services industry. So it is no surprise banks are laser-focused on business resilience, emphasizing both financial and operational risks. The need to adapt quickly to new normal conditions through virtual customer engagement is clear.
Customer centricity continues to drive commercial banks’ solution designs. And, the pandemic compelled products that deliver immediate client value ‒ quick digital onboarding, seamless lending, and support for small and medium-sized enterprises (SMEs). The onus is now on banks to go to market more quickly, which requires the implementation of intelligent processes and integrating corporates’ enterprise resource planning (ERP) systems with banking workflows.
To achieve go-to-market agility, banks across the globe are investing in and collaborating with FinTechs. Many of these partnerships are focused on boosting digital lending and providing seamless support to anxious small-business clients in need of assurance.
With newfound impetus for FinTech collaboration, commercial banks have picked up their step on the path toward OpenX. COVID-19 made it evident that survival during turbulence is manageable through collaboration with ecosystem players.
Read our Top Trends in Commercial Banking 2021 report to explore the strategies banks are adapting to transform their businesses from a product-led, siloed model to an experiential and agile plan.
When we published the Top Trends in Wealth Management 2020, little did we foresee the pandemic that would sweep through the world and disrupt life as we knew it. Yet, when we reviewed last year’s trends, we found that many still hold and some have taken on even greater relevance. One such trend is sustainable investing, which had begun to gain prominence as investors became more aware of ESG considerations, and firms rolled out more sustainable investing offerings. Another trend that has accelerated in the post-COVID world is the importance of investing in omnichannel capabilities and technologies such as artificial intelligence (AI) to enhance personalization and advisor effectiveness. The pandemic has driven wealth management firms to accelerate their digital transformation journey, with some immediate focus areas being interactive client communications and digital advisor tools.
There is no denying that time is of the essence. Yes, budgets are tight, but the Open X ecosystem offers wealth management firms opportunities to reimagine their operating models and deliver excellent customer experience cost-effectively.
Top trends in Payments: 2020 highlighted the payments industry’s flux driven by new trends in technology adoption, innovative solutions, and changing consumer behavior. The pandemic has tested the digital mastery of players, who are already grappling with transition. Non-cash transactions are on a robust growth path, accelerated by increased adoption during COVID-19. Regulators are working to instill trust and address non-cash payments risk amid unparalleled growth as players collaborate to quell uncertainty. Regional initiatives, such as the P27 (Nordics real-time payments system) and the EPI (European Payments Initiative), are gaining traction in response to country-level fragmentation and competition.
Investment in emerging technologies is looked upon as an elixir to mitigate fraud, data-driven offerings are being considered for providing value-added propositions, and distributed ledger technology is in focus for digital currency solutions, efficiency enhancement, and cost gains. New players, such as retailers/merchants, are integrating payments into their value chains while technology giants are upscaling their financial services game by weaving offerings around payments as a center stage. Constrained by budgets, firms consider business models such as Platform-as-a-Service (PaaS) to provide cost-effective and superior customer experience.
A combination of factors, including demographic changes, evolving consumer preferences, and regulatory and compliance mandates, were already spurring change in the health insurance industry. Enter 2020 and the COVID-19 pandemic, which is having sweeping implications for the industry.
At the peak of disruption, the focus was on ensuring business continuity, but new initiatives are cropping up to tackle the challenges as the industry adapts to the new normal.
Furthermore, some changes are here to stay, and it will be prudent for the industry players to be resilient to the market shifts by being agile, improving member centricity, making processes intelligent, and embracing the open ecosystem.
Read our Health Insurance Top Trends 2021 report to explore the strategies insurers are adopting to manage the external pressures.
The banking industry’s resilience is being tested as banks navigate through a remarkable 2020 filled with uncertainties. The impact of COVID-19 has been about setting the tone for future operational models. Retail banks have shifted focus towards integrated risk management with a more holistic view of operational risks. Adapting to the new normal, banks have prioritized cost transformation while engaging customers virtually. Incumbents sought to be more responsible within fast-changing environmental conditions and ESG remained a critical focus.
To provide more experiential services, banks are leveraging techniques such as segment-of-one to hyper-personalize offerings while aiming to humanize digital channels for increased engagement. Banks are also revamping middle and back offices, going beyond the front end leveraging intelligent processes. Open X is enabling banks to play on their strengths and use the expertise of ecosystem players. Going forward, banks are poised to become an enhanced one-stop shop by providing consumers value-adding FS and non-FS experiences.
To acquire customers in cost-effective manner, retail banks are tapping value-based propositions ‒ such as POS financing and mortgage refinancing. Further, Banking-as-Service provides incumbents a way to provide their high-value offerings to other players. In preparation for the future, banks will be looking to improve their go-to-market agility by leveraging the benefits of cloud. This analysis outlines the top 10 trends in retail banking for 2021.
Explore how Capgemini’s Connected autonomous planning fine-tunes Consumer Products Company’s operations for manufacturing, transport, procurement, and virtually every other aspect of the supply-value network in a touchless, autonomous way.
Financial services is undergoing a paradigm shift that is forcing incumbent retail banks to rethink growth strategies as they struggle to remain relevant. Growing competition from BigTechs, FinTech firms, and challenger banks has added to the complexity created by increasingly stringent regulatory and compliance requirements. Customers now expect a seamless customer journey and personalized offerings because they have become accustomed to top-notch individualized service from GAFA giants Google, Apple, Facebook, and Amazon. The changing ecosystem offers established banks new, unexplored opportunities and encourages a transition beyond traditional products to meet the exacting requirements of today’s customers. Bank collaboration with FinTech and RegTech partners is becoming commonplace. Incumbents are exploring point-of-sale financing and unsecured consumer lending, while they also boost their digital channel competencies to reach a broader customer base. Banks are beginning to accept open APIs and are working with third-party specialists to create an open shared marketplace. Technological advancements such as AI are fueling efforts to evolve customer onboarding and touchpoint processes. Increasingly, banks are turning to design thinking methodology to understand the customer journey, extract deep insights, and develop a more refined user experience across the customer lifecycle.
Our analysis of the top retail banking trends for 2020 offers a glimpse into the fast-changing banking ecosystem and explores the tools and solutions being used to face new-age challenges.
Aspects of the life insurance industry have remained constant for years – and so have premiums. Traditional savings products have taken a huge hit in terms of attractiveness because low interest-rates prevail. Meanwhile, the risk landscape is shifting, and insurers need to align better with the emerging business environment, manage changing customer preferences, and improve operational efficiencies. Within today’s scenario, industry players are undertaking tactical and strategic shifts in attempts to manage unpredictable market dynamics. Insurers must develop alternative products to breathe new life into policies and leverage emerging technologies (artificial intelligence (AI), analytics, and blockchain) to improve efficiency, agility, flexibility, and customer-centricity.
Read Top Trends in Life Insurance: 2020 for a look at the innovative steps future-focused insurers are considering to meet industry challenges and opportunities.
The health insurance industry is evolving and undergoing significant changes. As the risk landscape shifts, insurers are working to improve operational efficiencies, meet evolving customer preferences, and align better with the changing business environment. Accordingly, payers must adapt and align business models and offerings. An incisive tactical approach is required to accommodate members’ needs and related emerging risks — medical, health, and environmental. Advanced technologies such as artificial intelligence, analytics, automation, and connected devices are enabling insurers to manage these changes proactively, partner with members, and help to prevent risks, all the while continuing to fulfill payer responsibilities.
Read Top Trends in Health Insurance: 2020 to learn which strategies insurers are adopting to navigate and align with today’s challenges.
Similar to other financial services domains, payments is evolving into an open ecosystem. The EU’s Payment Services Directive (PSD2) pioneered open banking by encouraging banks and established payments players to securely open the systems to foster competition, innovation, and more customer choices. In tandem with non-cash transaction growth, regulations are driving banks and payments firms to expand their array of payment methods and channels. Governments are encouraging financial inclusion by also promoting the adoption of non-cash payments. Increasingly, merchants and corporates seek to offer alternative payment systems because of widespread popularity among consumers. Alternative payments also enable merchants to provide real-time and cross-border payments to boost business efficiency.
Banks, payment firms, card firms, BigTechs, FinTechs, and other players are continuously developing new technology to cash in on market changes. However, data breaches and fraud continue to hinder innovation as firms devote countless resources each year to address security issues. Many governments are also designing new regulations to reduce ecosystem threats. All these measures are expected to make the current ecosystem much more secure and simple for players as well as customers.
Top Trends in Payments: 2020 explores and analyzes payments ecosystem initiatives and solutions for this year and beyond
The commercial banking industry faces daunting challenges. Operational costs continue to rise. Corporate clients seek convenience and personalized products and services. Cybersecurity is a major concern as more and more bank processes become digitalized. Compliance with wide-ranging open banking regulations is mandatory. The entry of BigTechs and other players is heating up competitive pressure. Therefore, it is essential for banks to transform and adapt to the changing business environment.
Read our Top Trends in Commercial Banking: 2020 report for analyses of the initiatives, new solutions, and trends expected to shape the commercial banking ecosystem in 2020 and beyond.
Wealth management is facing significant disruption on two fronts – customer experience and digital transformation. To effectively succeed within these turbulent times, understanding client demographics and expectations is essential. Firms can leverage deep customer insights to grasp their clients’ changing ethos and develop solutions accordingly. Improved customer satisfaction often drives competitive advantage. As firms prioritize superior customer experience, they are adopting intelligent solutions such as analysis of consumer sentiments to deliver hyper-personalized services. Firms are also leveraging artificial intelligence (AI) and machine learning (ML) techniques to improve client-advisor relationships. To innovate, especially within legacy infrastructures, organizations must embrace open APIs to scale technology capability with support from WealthTech newcomers and third-party vendors that offer generic and customizable API-based platforms. Regulations such as the EU’s General Data Protection Regulation (GDPR) and know your customer (KYC) mandates are pushing firms to ramp up cybersecurity and automate cumbersome client onboarding processes, in a data-driven compliance scenario.
GraphSummit Singapore | The Future of Agility: Supercharging Digital Transfor...Neo4j
Leonard Jayamohan, Partner & Generative AI Lead, Deloitte
This keynote will reveal how Deloitte leverages Neo4j’s graph power for groundbreaking digital twin solutions, achieving a staggering 100x performance boost. Discover the essential role knowledge graphs play in successful generative AI implementations. Plus, get an exclusive look at an innovative Neo4j + Generative AI solution Deloitte is developing in-house.
Pushing the limits of ePRTC: 100ns holdover for 100 daysAdtran
At WSTS 2024, Alon Stern explored the topic of parametric holdover and explained how recent research findings can be implemented in real-world PNT networks to achieve 100 nanoseconds of accuracy for up to 100 days.
Why You Should Replace Windows 11 with Nitrux Linux 3.5.0 for enhanced perfor...SOFTTECHHUB
The choice of an operating system plays a pivotal role in shaping our computing experience. For decades, Microsoft's Windows has dominated the market, offering a familiar and widely adopted platform for personal and professional use. However, as technological advancements continue to push the boundaries of innovation, alternative operating systems have emerged, challenging the status quo and offering users a fresh perspective on computing.
One such alternative that has garnered significant attention and acclaim is Nitrux Linux 3.5.0, a sleek, powerful, and user-friendly Linux distribution that promises to redefine the way we interact with our devices. With its focus on performance, security, and customization, Nitrux Linux presents a compelling case for those seeking to break free from the constraints of proprietary software and embrace the freedom and flexibility of open-source computing.
Climate Impact of Software Testing at Nordic Testing DaysKari Kakkonen
My slides at Nordic Testing Days 6.6.2024
Climate impact / sustainability of software testing discussed on the talk. ICT and testing must carry their part of global responsibility to help with the climat warming. We can minimize the carbon footprint but we can also have a carbon handprint, a positive impact on the climate. Quality characteristics can be added with sustainability, and then measured continuously. Test environments can be used less, and in smaller scale and on demand. Test techniques can be used in optimizing or minimizing number of tests. Test automation can be used to speed up testing.
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdfMalak Abu Hammad
Discover how MongoDB Atlas and vector search technology can revolutionize your application's search capabilities. This comprehensive presentation covers:
* What is Vector Search?
* Importance and benefits of vector search
* Practical use cases across various industries
* Step-by-step implementation guide
* Live demos with code snippets
* Enhancing LLM capabilities with vector search
* Best practices and optimization strategies
Perfect for developers, AI enthusiasts, and tech leaders. Learn how to leverage MongoDB Atlas to deliver highly relevant, context-aware search results, transforming your data retrieval process. Stay ahead in tech innovation and maximize the potential of your applications.
#MongoDB #VectorSearch #AI #SemanticSearch #TechInnovation #DataScience #LLM #MachineLearning #SearchTechnology
Dr. Sean Tan, Head of Data Science, Changi Airport Group
Discover how Changi Airport Group (CAG) leverages graph technologies and generative AI to revolutionize their search capabilities. This session delves into the unique search needs of CAG’s diverse passengers and customers, showcasing how graph data structures enhance the accuracy and relevance of AI-generated search results, mitigating the risk of “hallucinations” and improving the overall customer journey.
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
TrustArc Webinar - 2024 Global Privacy SurveyTrustArc
How does your privacy program stack up against your peers? What challenges are privacy teams tackling and prioritizing in 2024?
In the fifth annual Global Privacy Benchmarks Survey, we asked over 1,800 global privacy professionals and business executives to share their perspectives on the current state of privacy inside and outside of their organizations. This year’s report focused on emerging areas of importance for privacy and compliance professionals, including considerations and implications of Artificial Intelligence (AI) technologies, building brand trust, and different approaches for achieving higher privacy competence scores.
See how organizational priorities and strategic approaches to data security and privacy are evolving around the globe.
This webinar will review:
- The top 10 privacy insights from the fifth annual Global Privacy Benchmarks Survey
- The top challenges for privacy leaders, practitioners, and organizations in 2024
- Key themes to consider in developing and maintaining your privacy program
Observability Concepts EVERY Developer Should Know -- DeveloperWeek Europe.pdfPaige Cruz
Monitoring and observability aren’t traditionally found in software curriculums and many of us cobble this knowledge together from whatever vendor or ecosystem we were first introduced to and whatever is a part of your current company’s observability stack.
While the dev and ops silo continues to crumble….many organizations still relegate monitoring & observability as the purview of ops, infra and SRE teams. This is a mistake - achieving a highly observable system requires collaboration up and down the stack.
I, a former op, would like to extend an invitation to all application developers to join the observability party will share these foundational concepts to build on:
Let's Integrate MuleSoft RPA, COMPOSER, APM with AWS IDP along with Slackshyamraj55
Discover the seamless integration of RPA (Robotic Process Automation), COMPOSER, and APM with AWS IDP enhanced with Slack notifications. Explore how these technologies converge to streamline workflows, optimize performance, and ensure secure access, all while leveraging the power of AWS IDP and real-time communication via Slack notifications.
Maruthi Prithivirajan, Head of ASEAN & IN Solution Architecture, Neo4j
Get an inside look at the latest Neo4j innovations that enable relationship-driven intelligence at scale. Learn more about the newest cloud integrations and product enhancements that make Neo4j an essential choice for developers building apps with interconnected data and generative AI.
How to Get CNIC Information System with Paksim Ga.pptxdanishmna97
Pakdata Cf is a groundbreaking system designed to streamline and facilitate access to CNIC information. This innovative platform leverages advanced technology to provide users with efficient and secure access to their CNIC details.
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.