Today’s banking industry era is strongly defined by a word - digital. The urgency to act is only getting severe each day. Banks using digital technologies to automate processes, improve regulatory compliance, and transform the customer experience may realize a profit upside of 40% or more, while laggards that resist digital innovation will be punished by customers, financial markets, regulators, and may see up to 35% of net profit eroded, according to a McKinsey analysis.
The vital question to answer is, do we get digitalization right? Why is it getting extremely urgent to digitize?
This presentation was prepared for a National seminar based upon Digitalization in India : Challenges and Opportunities. Hope you all like it. Keep supporting :)
Digital Transformation From Strategy To ImplementationScopernia
Creating a digital transformation strategy is one thing but how do you put the insights and plans into practice. This presentation deals with vision, strategy, roadmap, governance, leadership, channel hacking, start-up-thinking and many more issues.
What is Digital transformation?
Far too often digital transformation is confused with Digitalization or with Digitization with a key focus on technologies or platform. But Digital transformation is not about technologies: it's about transforming the whole prganisation through a system thinking approach and it's about rethinking operational models, business models, processes, and policies, taking people, both employees and customers at the core of the process.
Because the goal of any digital transformation is to increase value creation for the business through digitally enhanced processes that increase internal efficiency and overall customer and employee satisfaction.
Digital transformation is en emergent need in today's post-industrial society: we moved fast from an industrial to a post-industrial era, however operational models and management practices haven't evolved fast enough.
For this reason, many organisations prefer to think of Digital transformation as the adoption of digital technologies on the top of mainly inefficient and obsolete operational models, rather than facing a true in depth transformation that begins with understanding the current culture, the customers, and the overall business.
These slides, were presented to students from IIM (india) at ESPC London on July 27th 2017 with the goal to provide tomorrow's digital leaders a broad vision of what is digital transformation by looking at what and the reasons why change is happening in the business world, define Digital transformation and its dimensions through the lenses of an Experience economy and a post-industrial era. The presentation also presents the Competing Value Framework as a key tool to start understanding organsation's culture and define a digital transformation roadmap and strategy.
Author mentioned (and inspirers):
- Daniel Bell (the post-industrial society)
- Joe Pine (Experience Economy
- The ClueTrain Manifesto
- Quinn and Cameron's Competing design framework
- Brian Solis
- Nichola Negroponte
This presentation was prepared for a National seminar based upon Digitalization in India : Challenges and Opportunities. Hope you all like it. Keep supporting :)
Digital Transformation From Strategy To ImplementationScopernia
Creating a digital transformation strategy is one thing but how do you put the insights and plans into practice. This presentation deals with vision, strategy, roadmap, governance, leadership, channel hacking, start-up-thinking and many more issues.
What is Digital transformation?
Far too often digital transformation is confused with Digitalization or with Digitization with a key focus on technologies or platform. But Digital transformation is not about technologies: it's about transforming the whole prganisation through a system thinking approach and it's about rethinking operational models, business models, processes, and policies, taking people, both employees and customers at the core of the process.
Because the goal of any digital transformation is to increase value creation for the business through digitally enhanced processes that increase internal efficiency and overall customer and employee satisfaction.
Digital transformation is en emergent need in today's post-industrial society: we moved fast from an industrial to a post-industrial era, however operational models and management practices haven't evolved fast enough.
For this reason, many organisations prefer to think of Digital transformation as the adoption of digital technologies on the top of mainly inefficient and obsolete operational models, rather than facing a true in depth transformation that begins with understanding the current culture, the customers, and the overall business.
These slides, were presented to students from IIM (india) at ESPC London on July 27th 2017 with the goal to provide tomorrow's digital leaders a broad vision of what is digital transformation by looking at what and the reasons why change is happening in the business world, define Digital transformation and its dimensions through the lenses of an Experience economy and a post-industrial era. The presentation also presents the Competing Value Framework as a key tool to start understanding organsation's culture and define a digital transformation roadmap and strategy.
Author mentioned (and inspirers):
- Daniel Bell (the post-industrial society)
- Joe Pine (Experience Economy
- The ClueTrain Manifesto
- Quinn and Cameron's Competing design framework
- Brian Solis
- Nichola Negroponte
You can download this product from -
https://www.slideteam.net/omnichannel-banking-services-powerpoint-presentation-slides.html
slideteam.net has the world's largest collection of Powerpoint Templates. Browse and Download now!
Description of this above product -
The omnichannel banking approach merges digital and personal channels for a seamless customer experience. Check out our professionally designed Omnichannel Banking Services deck, which showcases various banking services offered to customers for easy banking solutions access. It has reduced the need for physical bank branches, which saves customers time. Our branchless banking services PPT provides different omnichannel banking services with a gap analysis based on challenges faced by the traditional banking system. The benefits include electronic wallets, IVR and API bill payments, kiosks, chatbots, live chats, and video branch banking services. It further contains the operational and financial impact of these omnichannel banking services. Lastly, our Omnichannel banking technologies module exhibits the dashboards for evaluating the performance of these banking services. Customize this 100 percent editable presentation with our highly skilled research or design team. Get access to this powerful template now.
Digital Transformation - an introductionsimonbarna
When you commission a new digital solution, you'll change your business operation and strategy: this is digital transformation. Here's an overview of how to do it well.
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.
Banking Client Onboarding Process Powerpoint Presentation SlidesSlideTeam
This complete deck can be used to present to your team. It has PPT slides on various topics highlighting all the core areas of your business needs. This complete deck focuses on Banking Client Onboarding Process Powerpoint Presentation Slides and has professionally designed templates with suitable visuals and appropriate content. This deck consists of total of fifty three slides. All the slides are completely customizable for your convenience. You can change the colour, text and font size of these templates. You can add or delete the content if needed. Get access to this professionally designed complete presentation by clicking the download button below. https://bit.ly/2P9MYTT
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.
Banks & FinTechs: how to set up a successful collaborationRaoul Mulheims
A set of recommendations I compiled in January 2018 for a presentation at the Luxembourg banks association ABBL to analyse how #banks & #FinTech players can collaborate efficiently: what are the models, what to watch out for, what can go wrong, how to overcome, what not to do
This Altimeter Group webinar explores the findings of our latest research report on digital transformation. Attendees will learn what digital transformation is, how companies are embracing change, the challenges and opportunities that emerge throughout the process, and how to refocus and reorganize teams to modernize, optimize, and integrate digital touchpoints.
Watch the webinar: https://www.slideshare.net/Altimeter/webinar-digital-transformation-with-brian-solis
Download the related report: altimetergroup.com/digitaltransformation/
Digital Transformation is the buzz word of the latest year: What it really means? Which trends and technologies should manufacturers follow? What's next? What to focus on? IoT, Chatbot, Artificial Intelligence, Digical, Big Data
FinTech: The revolution is here!
In this session, we will introduce fintech and discuss the eight key innovations in fintech that are revolutionizing how companies are doing business. This session is geared towards fintech enthusiasts and financial industry professionals who are intrigued and fascinated by the innovations in fintech and would like to learn and adapt to the new realities of the 21st century
- A new Microsoft via AI and IoT
- Smart Manufacturing - quick steps and ready to go preconfigured solution to jumpstart
- AI - computer vision and AOI in manufacturing
Digitalization - How to build a killer ecosystem by aligning customer experie...Milos Radovic
Through customer experience & digital ecosystems to new business models – The operation and business models of the future are digital. A successful digitalization therefore needs more than just innovative technologies. Novel concepts are required! It’s the time to rethink: Only when customer experience, platforms and enterprises interlock is it possible for the power of digitalization to truly unfold. We use tangible examples to showcase the impact of the digital chain on enterprises, how Design Thinking, Agile Development, Co-Creation and technology collude and how ecosystems drive new business models.
You can download this product from -
https://www.slideteam.net/omnichannel-banking-services-powerpoint-presentation-slides.html
slideteam.net has the world's largest collection of Powerpoint Templates. Browse and Download now!
Description of this above product -
The omnichannel banking approach merges digital and personal channels for a seamless customer experience. Check out our professionally designed Omnichannel Banking Services deck, which showcases various banking services offered to customers for easy banking solutions access. It has reduced the need for physical bank branches, which saves customers time. Our branchless banking services PPT provides different omnichannel banking services with a gap analysis based on challenges faced by the traditional banking system. The benefits include electronic wallets, IVR and API bill payments, kiosks, chatbots, live chats, and video branch banking services. It further contains the operational and financial impact of these omnichannel banking services. Lastly, our Omnichannel banking technologies module exhibits the dashboards for evaluating the performance of these banking services. Customize this 100 percent editable presentation with our highly skilled research or design team. Get access to this powerful template now.
Digital Transformation - an introductionsimonbarna
When you commission a new digital solution, you'll change your business operation and strategy: this is digital transformation. Here's an overview of how to do it well.
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.
Banking Client Onboarding Process Powerpoint Presentation SlidesSlideTeam
This complete deck can be used to present to your team. It has PPT slides on various topics highlighting all the core areas of your business needs. This complete deck focuses on Banking Client Onboarding Process Powerpoint Presentation Slides and has professionally designed templates with suitable visuals and appropriate content. This deck consists of total of fifty three slides. All the slides are completely customizable for your convenience. You can change the colour, text and font size of these templates. You can add or delete the content if needed. Get access to this professionally designed complete presentation by clicking the download button below. https://bit.ly/2P9MYTT
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.
Banks & FinTechs: how to set up a successful collaborationRaoul Mulheims
A set of recommendations I compiled in January 2018 for a presentation at the Luxembourg banks association ABBL to analyse how #banks & #FinTech players can collaborate efficiently: what are the models, what to watch out for, what can go wrong, how to overcome, what not to do
This Altimeter Group webinar explores the findings of our latest research report on digital transformation. Attendees will learn what digital transformation is, how companies are embracing change, the challenges and opportunities that emerge throughout the process, and how to refocus and reorganize teams to modernize, optimize, and integrate digital touchpoints.
Watch the webinar: https://www.slideshare.net/Altimeter/webinar-digital-transformation-with-brian-solis
Download the related report: altimetergroup.com/digitaltransformation/
Digital Transformation is the buzz word of the latest year: What it really means? Which trends and technologies should manufacturers follow? What's next? What to focus on? IoT, Chatbot, Artificial Intelligence, Digical, Big Data
FinTech: The revolution is here!
In this session, we will introduce fintech and discuss the eight key innovations in fintech that are revolutionizing how companies are doing business. This session is geared towards fintech enthusiasts and financial industry professionals who are intrigued and fascinated by the innovations in fintech and would like to learn and adapt to the new realities of the 21st century
- A new Microsoft via AI and IoT
- Smart Manufacturing - quick steps and ready to go preconfigured solution to jumpstart
- AI - computer vision and AOI in manufacturing
Digitalization - How to build a killer ecosystem by aligning customer experie...Milos Radovic
Through customer experience & digital ecosystems to new business models – The operation and business models of the future are digital. A successful digitalization therefore needs more than just innovative technologies. Novel concepts are required! It’s the time to rethink: Only when customer experience, platforms and enterprises interlock is it possible for the power of digitalization to truly unfold. We use tangible examples to showcase the impact of the digital chain on enterprises, how Design Thinking, Agile Development, Co-Creation and technology collude and how ecosystems drive new business models.
DevOps is a methodology capturing the practices adopted from the very start by the web giants who had a unique opportunity as well as a strong requirement to invent new ways of working due to the very nature of their business: the need to evolve their systems at an unprecedented pace as well as extend them and their business sometimes on a daily basis.
While DevOps makes obviously a critical sense for startups, I believe that the big corporations with large and old-fashioned IT departments are actually the ones that can benefit the most from adopting these principles and practices.
Smart Contracts are a central component to next-generation blockchain platforms. Blockchain technology is much broader than just bitcoin. The sustained levels of robust security achieved by public cryptocurrencies have demonstrated to the world that this new wave of blockchain technologies can provide efficiencies and intangible technological benefits very similar to what the internet has done.
Blockchains are a very powerful technology, capable of going much further than only "simple" financial transaction; a technology capable of performing complex operations, capable of understanding much more than just how many bitcoins one currently has in his digital wallet.
This is where the idea of Smart Contracts come in. Smart Contracts are in the process of becoming a cornerstone for enterprise blockchain applications and will likely become one of the pillars of blockchain technology.
In this presentation, we will explore what a smart contract is, how it works, and how it is being used.
What have I learned about digitalization in 17 years. Personal journey to digitalization in different roles ranging from early adopter to solution provider. How I saw digitilization turn from a hype to an industry transformation. Enjoy!
Some years ago, Eric Ries, Steve Blank and others initiated The Lean Startup movement. The Lean Startup is a movement, an inspiration, a set of principles and practices that any entrepreneur initiating a startup would be well advised to follow.
Projecting myself into it, I think that if I had read Ries' book before, or even better Blank's book, I would maybe own my own company today, around AirXCell or another product, instead of being disgusted and honestly not considering it for the near future.
In addition to giving a pretty important set of principles when it comes to creating and running a startup, The Lean Startup also implies an extended set of Engineering practices, especially software engineering practices.
The Blockchain - The Technology behind Bitcoin Jérôme Kehrli
The blockchain and blockchain related topics are becoming increasingly discussed and studied nowadays. There is not one single day where I don't hear about it, that being on linkedin or elsewhere.
I interested myself deeply in the blockchain topic recently and this is the first article of a coming whole serie around the blockchain.
This presentation is an introduction to the blockchain, presents what it is in the light of its initial deployment in the Bitcoin project as well as all technical details and architecture concerns behind it.
We won't focus here on business applications aside from what is required to present the blockchain purpose, more concrete business applications and evolutions will be the topic of another presentation I'll post in a few weeks
Hilti - Developing a talent pipeline from withinAndy, Xinbin Hu
Hilti presentation for Aug 25 Millennial Hiring and Management event.
The millennial generation makes up 35% of the workforce globally. By 2020, they will be 46% of the world's working population - 60% of them will be in Asia. It's more important than ever to understand millennials and develop a strategy to engage them, but how? How do companies make themselves appealing to this game-changing generation?
To find out, we are honored to invite experienced HR industry experts and millennials themselves to an interactive session, which will cover:
Millennials - who they really are
Why are millennials important to your company
What entices millennials to join a company
How to use social and digital channels to attract millennial talent
What’s the secret sauce of high retention rate among millennial employees
You will have a chance to listen to the following experts share their knowledge and experience, and interact with them and the millennials during the fireside chat and Q&A session.
Mandy Wong, Talent Brand Consultant, LinkedIn Talent Solutions
Kelvin Chua, Senior Executive Advisor, CEB
Bocco Chen, Senior Human Resources Manager, The Hong Kong Jockey Club
Delton Li, Head of Talent Acquisition - Personal Banking, Bank of China
(Hong Kong)
Angie Sung, Regional Talent Development Manager, Hilti Asia
Joyce Lai, Associate Consultant, Stanton Chase International
Steps to consider when moving from paper to digital in any business. Solutions presented have been developed by TC Inc. and or Networking team. Steps provided should work on just about any environment and allows for expansion while minimizing growing pains.
Internet of Things: From Strategy to Action: Driving IoT to Industrial ScaleCognizant
Full IoT value cannot be realized by connecting a few devices. Organizations need to get beyond instrumentation, and focus on the impact these technologies can have on their business strategies, which will require leadership, vision and partnership.
Transformando la vida cotidiana a través de Big DataUX Nights
UX Nights Vol XXVI Big Data y Experiencia de Usuario
Transformando la vida cotidiana a través de Big Data
Omar Aviles
Technical Evangelist Manager - Microsoft México
6 de octubre de 2016
Ciudad de México
Digital Transformation and Innovation on http://denreymer.com
- Merging the Real World and the Virtual World
- Intelligence Everywhere
- The New IT Reality Emerges
http://www.gartner.com//it/content/2940400/2940420/january_15_top_10_technology_trends_2015_dcearley.pdf
Digital Transformation Major tech trends through the customer lens and relati...Larry Smith
Digital Transformation
Major tech trends through the customer lens and relationships to the Insurance Industry
7 core technology trends: Mobility – Data – Social - Bots – Intelligence – Visualization – Things
Bigger and Better: Employing a Holistic Strategy for Big Data toward a Strong...IT Network marcus evans
Bigger and Better: Employing a Holistic Strategy for Big Data toward a Strong Value-Adding Proposition
by Patrick Hadley, Australian Bureau of Statistics at the Australian CIO Summit 2014
Technology Trends and a Digital Revolution - Alexandre BlauthGeneXus
Será presentado la visión de Gartner sobre las 10 principales Tendencias de Tecnología y su impacto en nuestros negocios, que Gartner llama de la Revolución Digital, con sus desafíos y oportunidades.
What's on the Technology Horizon for 2023 Brian Pichman
Things in the last several years have caused a rapid spur of innovation – especially as it pertains to technologies related to health, hybrid learning, new uses for augmented and virtual reality, and artificial intelligence. What better way to prepare for the winter wonderland on the horizon than by learning about the latest and greatest gadgets and gizmos. Join Brian Pichman of the Evolve Project for 90 minutes of laughs, interaction, and exploration as together we slide into learning about technology trends and their implications to our libraries and communities.
Future of digital identity Programme summary - 15 dec 2018 lrFuture Agenda
Over the past few months we have run a series of expert workshops exploring the future of digital identity. Supported by Mastercard five events took place in London, Singapore, Sydney, San Francisco and Brussels building a collaborative expert view.
The project online and initial perspective is here https://www.futureagenda.org/news/the-future-of-digital-identity
The full report will be published in the New Year
Keynote presentation from IBM Solutions Connect 2013 covering topics such as changing business world today and how technologies can help organisations cope with this change and move forward.
Blockchain, IoT and AI are foundational to the Fourth Industrial Revolution -...David Terrar
This is my keynote session at Channel Live on 12 September 2019. It covers Blockchain explaining what it is and isn’t. I cover why it is so transformational relevant for any Business Model. I go through real world case studies, not just proof of concepts.
I touch on what implementations and frameworks exist and should be considered? I then talk about what the future look like?
Blockchain is significant and business systems will evolve because of it. I move on to IoT (M2M), Industry 4.0 and why are they important. I explain the underlying factors and what the opportunity is for a reseller. I go on to demystify AI. What is it and why should you be interested now? Lastly I talk through why you should you factor blockchain, IoT and AI into your plans.
Introduction to Modern Software ArchitectureJérôme Kehrli
This talk offers an introduction to software architecture with a modern perspective. We will consider a new way to identify architectural elements and walk through some examples of modern architectures, the NoSQL world, Big Data architectures and micro-services.
A proposed framework for Agile Roadmap Design and MaintenanceJérôme Kehrli
Maintaining a relevant and meaningful roadmap while adopting a state of the art Agile methodology is challenging and somewhat antonymous.
This presentation proposes a framework for designing and maintaining an Agile Roadmap.
A presentation of the search for Product-Market Fit with the principles, practices and processes that lead to it, from the Lean-Startup and Design Thinking perspective
From Product Vision to Story Map - Lean / Agile Product shapingJérôme Kehrli
A lot of Software Engineering projects fail for a lack of shared vision due to poor communication among people involved in the project.
A sound maintenance of the product backlog can only be achieved if all the people have a good understanding of what they have to do (common vision).
Roman Pichler, in a post originally written in Jul 16 2012, has proposed a really interesting approach: use various canvas to create and share product vision and product backlog creation and refinement.
This presentation is a drive through these various boards and canvas that should be designed in prior to any product development: the Product Vision, the Lean Canvas, The Product Definition and the Story Map.
Artificial Intelligence and Digital Banking - What about fraud prevention ?Jérôme Kehrli
Artificial intelligence for banking fraud prevention.
A presentation on how it takes its root in the digitalisation ways and how it impacts customer experience.
Artificial Intelligence for Banking Fraud PreventionJérôme Kehrli
Artificial Intelligence at NetGuardians:
"From skepticism to large scale adoption towards fraud prevention"
Slides of my speech at the EPFL / EMBA Innovation Leader 2018 event.
Introduction to NetGuardians' Big Data Software StackJérôme Kehrli
NetGuardians is executing it's Big Data Analytics Platform on three key Big Data components underneath: ElasticSearch, Apache Mesos and Apache Spark. This is a presentation of the behaviour of this software stack.
Periodic Table of Agile Principles and PracticesJérôme Kehrli
Recently I fell by chance on the Periodic Table of the Elements... Long time no see... Remembering my physics lessons in University, I always loved that table. I remembered spending hours understanding the layout and admiring the beauty of its natural simplicity.
So I had the idea of trying the same layout, not the same approach since both are not comparable, really only the same layout for Agile Principles and Practices.
The result is in this presentation: The Periodic Table of Agile Principles and Practices:
Agility and planning : tools and processesJérôme Kehrli
In this presentation, I intend to present the fundamentals, the roles, the processes, the rituals and the values that I believe a team would need to embrace to achieve success down the line in Agile Software Development Management - Product Management, Team Management and Project Management - with the ultimate goal of making planning and forecasting as simple and efficient as it can be.
Bytecode manipulation with Javassist for fun and profitJérôme Kehrli
Java bytecode is the form of instructions that the JVM executes.
A Java programmer, normally, does not need to be aware of how Java bytecode works.
Understanding the bytecode, however, is essential to the areas of tooling and program analysis, where the applications can modify the bytecode to adjust the behavior according to the application's domain. Profilers, mocking tools, AOP, ORM frameworks, IoC Containers, boilerplate code generators, etc. require to understand Java bytecode thoroughly and come up with means of manipulating it at runtime.
Each and every of these advanced features of what is nowadays standard approaches when programming with Java require a sound understanding of the Java bytecode, not to mention completely new languages running on the JVM such as Scala or Clojure.
Bytecode manipulation is not easy though ... except with Javassist.
Of all the libraries and tools providing advanced bytecode manipulation features, Javassist is the easiest to use and the quickest to master. It takes a few minutes to every initiated Java developer to understand and be able to use Javassist efficiently. And mastering bytecode manipulation, opens a whole new world of approaches and possibilities.
Gen Z and the marketplaces - let's translate their needsLaura Szabó
The product workshop focused on exploring the requirements of Generation Z in relation to marketplace dynamics. We delved into their specific needs, examined the specifics in their shopping preferences, and analyzed their preferred methods for accessing information and making purchases within a marketplace. Through the study of real-life cases , we tried to gain valuable insights into enhancing the marketplace experience for Generation Z.
The workshop was held on the DMA Conference in Vienna June 2024.
Italy Agriculture Equipment Market Outlook to 2027harveenkaur52
Agriculture and Animal Care
Ken Research has an expertise in Agriculture and Animal Care sector and offer vast collection of information related to all major aspects such as Agriculture equipment, Crop Protection, Seed, Agriculture Chemical, Fertilizers, Protected Cultivators, Palm Oil, Hybrid Seed, Animal Feed additives and many more.
Our continuous study and findings in agriculture sector provide better insights to companies dealing with related product and services, government and agriculture associations, researchers and students to well understand the present and expected scenario.
Our Animal care category provides solutions on Animal Healthcare and related products and services, including, animal feed additives, vaccination
Understanding User Behavior with Google Analytics.pdfSEO Article Boost
Unlocking the full potential of Google Analytics is crucial for understanding and optimizing your website’s performance. This guide dives deep into the essential aspects of Google Analytics, from analyzing traffic sources to understanding user demographics and tracking user engagement.
Traffic Sources Analysis:
Discover where your website traffic originates. By examining the Acquisition section, you can identify whether visitors come from organic search, paid campaigns, direct visits, social media, or referral links. This knowledge helps in refining marketing strategies and optimizing resource allocation.
User Demographics Insights:
Gain a comprehensive view of your audience by exploring demographic data in the Audience section. Understand age, gender, and interests to tailor your marketing strategies effectively. Leverage this information to create personalized content and improve user engagement and conversion rates.
Tracking User Engagement:
Learn how to measure user interaction with your site through key metrics like bounce rate, average session duration, and pages per session. Enhance user experience by analyzing engagement metrics and implementing strategies to keep visitors engaged.
Conversion Rate Optimization:
Understand the importance of conversion rates and how to track them using Google Analytics. Set up Goals, analyze conversion funnels, segment your audience, and employ A/B testing to optimize your website for higher conversions. Utilize ecommerce tracking and multi-channel funnels for a detailed view of your sales performance and marketing channel contributions.
Custom Reports and Dashboards:
Create custom reports and dashboards to visualize and interpret data relevant to your business goals. Use advanced filters, segments, and visualization options to gain deeper insights. Incorporate custom dimensions and metrics for tailored data analysis. Integrate external data sources to enrich your analytics and make well-informed decisions.
This guide is designed to help you harness the power of Google Analytics for making data-driven decisions that enhance website performance and achieve your digital marketing objectives. Whether you are looking to improve SEO, refine your social media strategy, or boost conversion rates, understanding and utilizing Google Analytics is essential for your success.
Meet up Milano 14 _ Axpo Italia_ Migration from Mule3 (On-prem) to.pdfFlorence Consulting
Quattordicesimo Meetup di Milano, tenutosi a Milano il 23 Maggio 2024 dalle ore 17:00 alle ore 18:30 in presenza e da remoto.
Abbiamo parlato di come Axpo Italia S.p.A. ha ridotto il technical debt migrando le proprie APIs da Mule 3.9 a Mule 4.4 passando anche da on-premises a CloudHub 1.0.
APNIC Foundation, presented by Ellisha Heppner at the PNG DNS Forum 2024APNIC
Ellisha Heppner, Grant Management Lead, presented an update on APNIC Foundation to the PNG DNS Forum held from 6 to 10 May, 2024 in Port Moresby, Papua New Guinea.
2.Cellular Networks_The final stage of connectivity is achieved by segmenting...JeyaPerumal1
A cellular network, frequently referred to as a mobile network, is a type of communication system that enables wireless communication between mobile devices. The final stage of connectivity is achieved by segmenting the comprehensive service area into several compact zones, each called a cell.
3. Summary
• Introduction
What is the digitalization ?
• Financial Services are impacted
• Some definitions …
• Challenges and opportunities
for banking institutions
• NetGuardians
6. Facts
In 2020,
Global Mobile Traffic will exceed
fix PCs Internet Traffic.
Global Internet Traffic flows ratio
Today, 3 billion people are inter-
connected, all the time, everywhere.
7. More facts
(Source : Nielsen - http://www.nielsen.com/us/en/insights/news/2011/40-of-tablet-and-
smartphone-owners-use-them-while-watching-tv.html)
40% of tablet and smartphones owner
use them while watching TV
8. We are inter-connected
on different kind of medias
during a continuous time
for every possible need
Today
10. All these sources generate data … a lot of data !
5 exabytes of
data
(5 billions of gigabytes)
Were generated
since the first
measurements
until 2003,
In 2011, this
quantity was
generated in
2 days
In 2014, this
quantity is
generated in
10 minutes
Source: IDC’ Digital Universe Study, sponsored by EMC, December 2012
« Data is the new Black
Gold »
Clive Humby
11. The digitalization urges corporations to
• search for new business models and
• rethink their operating model
18. A first definition
« The digitalization is
the integration of digital technologies
into everyday life
by the digitization of everything
that can be digitized.»
(Source : BusinessDictionary - http://www.businessdictionary.com/definition/digitalization.html )
19. A definition
« The digitalization is
the impact on corporations and organizations
of the fact that
people and things
are always and everywhere inter-connected
for every possible need. »
(Source : OCTO Technology - http://blog.octo.com/digitalisation-une-definition/ )
20. Digital Transformation
Evolution of means
• Internet of everything
• Consumerization
• Mobile usage developments
• Power of crowd
• Availability/volume of data
Evolution of behaviours
• Digital literals / Milenials
• Immediacy
• Infectiousness
• Individualization
• Multiplication of behaviours
Organization / Processes
• Agile Corporation
• Devops
• Management 3.0
• Flat organization
• Customer Centricity
Corporate Culture
• Lean Startup
• Customer Development
• Autonomous teams
• Operational Efficiency
Marketing approach
• Digital Marketing
• In- / Out- bound marketing
• Mass customization / implication
• Profiling / Behaviour prediction
• Co-creation / Co-innovation
influence / force
transform
Technology
• Mobility
• Open Source Software
• Open Data
• Open API
• Big Data
• NoSQL / NewSQL
• Cloud
• Multi-Data Centers
clusters
• Internet of things
• Web 3.0
Fiber last mile
• 5G / SUPERFLUIDITY
• Social Networks
• Mobile walets
• Blockchain
• New Human-Machine
Interfaces
Induces
Enables
25. NetGuardians, where do we kick in ?
Risk Management /
Mitigation
• KPIs / KRIs follow up,
dashboards
• Data Analytics (Big Data, AI)
• Fraud prevention
• Near Real time
Risk Management /
Mitigation
• Reduce intervention delays
• Continuous monitoring
• Fraud detection
• Smarter / Deeper / Faster
controls
Challenges Opportunities
We
address
We
provide
NG|DCFBank IS NG|Screener Daemon NG|Screener UI / NG|CaseManager
NG|Screener Analytics Platform
26. The NG|Screener Analytics Platform
Behaviour Analysis
Profiling
Predictive Analytics
Prevention
NG|Screener Daemon
Dashboard
Investigate
Notification
NG|Screener UI
Workflow
Document
Prosecute
Notification
NG|CaseManager
Business Data
Users and Customers Activity
Sys. Admins Activity
DBA Activity
NG|DCF
NG|DCFBank IS NG|Screener Daemon NG|Screener UI / NG|CaseManager
NG|Screener Analytics Platform
27. With the digitalization, new opportunities for growth and
innovation are emerging.
New regulations, and moreover changes in regulations to address
these challenges will increasingly appear at an unprecedented
pace.
Focus on identifying your risk needs and key controls, and let us
take care of the Technology.
28. At NetGuardians, we:
• Implement your risk and fraud detection
controls
• efficiently and
• online / near real-time
• Keep you up to date with regulations
• Address the increasing complexity of
regulatory compliance
• Benefit from cour experts
• Digitalize your risk and control processes
• Move towards automated, integrated,
comprehensive and continuous control and
audit
• Leverage our Big-Data Analytics Platform
for all your risk use cases
Attend to our next webinar to find out how :
«Compliance of the Future: Control
Digitalization, 15 March 2017»
Jerome Kehrli
Head of R&D at NetGuardians for almost 2 years
15 years of experience in software Development for the Financial Industry
Passionate about innovative technologies and Big Data concerns and technologies specifically.
I animate the NetGuardians community and Fintech Blog
Our society is evolving,
Yesterday – in 2008, we were amazed by the first smartphones.
Today they have almost become a part of ourselves. We cannot go without them anymore.
Today everybody has in his pocket a computer that is more powerful by several order of magnitudes that the computer that sent people to the moon
Later, 30 years ago, we had computers still way less powerful than an iphone that were fitting an entire room,Today an Iphone stands in our pocket
Is it the biggest invention of the decade ? Likely, but the previous decade, not the current one. I’ll get back to that.
Nowadays, new technologies emerge first in the consummer market and then spread into business. New solutions emerge every month and corporations cannot keep up the pace.
This new reality has a name : it’s the consumerization.
The consumerization has a consequence. Increasingly, the trend is to hire employees with their devices and applications.This is the BYOD for “Bring Your Own Device” trend. It comes from the fact that employees are more comfortable and more efficient with their own devices.
The direct consequence of the consumerization is a use of a mix of professional and personnal tools by employees (Office Suite, Gmail, Google+, Twitter, Facebook, Dropbox, evernote, ...)
Nowadays many companies are still blocking acccess to these personnal tools from their employees, mostly financial institutions I have to say.
Tomorrow, that won’t be possible anymore.
People are used to be connected all the time, with highly efficient devices on highly responsive services, everywhere and for every possible need.
Some facts.
Global sales of PCs never really exploded.
On the other hand, Global sales of smartphones and tablettes explodes.
Global Mobile traffic went from 1% in 2009 to 4% in 2010 and 12% in 2012.
Today it reaches 40%.
In 2020, Global Mobile Traffic will exceed fix PCs Internet Traffic.
For instance in India, the wired telecommunication infrastructure could never be developed as it could be in Europe or in the US.
There, the mobile traffic already exceeded the Desktop traffic in 2012.
In 2017, over 3 billion people will be connected all the time, everywhere and for every kind of needs.
Global sales of smartphones and tablets has exploded !
More facts
We look at our smartphones 150 times a day
We are using our smartphones all the time, even when watching another media.
Even when watching TV, we cannot refrain from using a connected device at the same time, either a smartphone or a tablet.
As a funny note, men and women are using their smartphones or tablet at this time for significantly similar reasons.
There are 2 exceptions:
Looking at sport results on an ipad while watching TV seems to be rather a man thing.While looking at facebook feeds while watching TV seems to be rather a woman thing.
I cannot stress enough how much this is important and what it means in terms of change of society.
Today, we are inter-connected on different kind of medias, during a continuous time and for every possible need.This has become a part of the human behaviour.In a few years (Ok maybe a little more) the majority of the workforce will be composed by millenials, by people almost born with an iphone.
But this is today …
Tomorrow there will be dozens of billions of additional sources, in the form of smart devices connected on internet and exchanging data.
The Internet of Things - or IoT - refers to uniquely identifiable objects and their interconnection on internet, as well as their automatic exchange of information with third party services.
Dr. Henrik Christensen, Professor of Computer Science and the Chair of Robotics at the Georgia Institute of Technology, said, not long ago :
“My current prediction is that kids born today will never have to drive a car”
There are 3 billion people connected in 2017 and exchanging data on Internet.
Gartner thinks there will be 26 billion devices on the Internet of Things by 2020.
ABI Research is even more optimistic and claims that 30 billion devices will be wirelessly connected to the Internet of Things by 2020.
The internet of thing is the coming big thing !
The “internet of people” and the “Internet of Things” form the “Internet of Everything”.
Cisco defines the Internet of Everything (IoE) as follows “ The Internet of Everything brings together people, process, data, and things to make networked connections more relevant and valuable than ever before-turning information into actions that create new capabilities, richer experiences, and unprecedented economic.”
The Internet of Everything is the coming evolution from the interconnection of people and objects, always, all the time, everywhere and for every possible need.
Since we started estimating and measuring the amount of produced data until 2003, 5 exabytes (5 billions gigabytes) have been produced.
In 2011, that quantity was generated in 2 days (think of facebook, twitter, google searches logs, financial transaction logs, etc.)
In 2014, this quantity is generated in 10 minutes.
Today it is likely generated in a few minutes
Not only do we generate more and more data but today we have the means and the technology to analyze, exploit and mine this data to extract meaningful business insights
The data generated by the company’s own systems , such as logs, user and customer activity tails, etc. can be a very interesting source of information regarding customer behaviours, profiles, trends, desires, etc.
But Big Data, since this is the topic here, becomes really relevant only when one also considers the data external to the corporations, such as facebook status feeds, twitter logs, linkedin news, etc.
Today, a whole lot of additional sources are available to corporations to gather business insights related to market trends.
To summarize. what we are experiencing :
the digitalization of the masses
the era of power
the availability of massive amount of data
More importantly, the ability to analyze and use this data
The always and everywhere interconnection of people
The internet of things
The coming internet of everything
MUST LEAD CORPORATIONS TO RETHINK THEIR BUSINESS MODEL AND THE WAY THEY WORK
The moment is now.
Corporations must understand what this means and how this change of behaviour of humanity as a whole will require to adapt their business models to the digital era.
Now when I run this speech in financial institutions, it happens sometimes that I hear comments such as “Yeah well all of this makes surely a lot of sense for fancy internet companies. But we’re a bank here. We’re doing serious business, we’re not Facebook.”
I’m always puzzled by this kind of reactions because in my opinion, serious businesses such as banking institutions are in contrary on the front line when it comes to meeting the digitalization challenges.It’s now wonder fintechs have become such a thing and are increasingly eating the banking business.
Think of millennials, think of these people that are almost born with a tablet or a smartphone in their hands.My father, used to go to the banking institutions that was closest from where he lived and where he worked. That’s how he made his choice.I myself, I have chosen my banking institutions at the time I was a student. My choice was driven by the conditions that banks were giving to students, such as a free credit card, no additional costs, etc. Then I simply remain loyal to my first choice.
Millenials choice will be different. They will choose the bank that provides them with the best online experience. That will be their main driver. For these people born with twitter, facebook and all these fancy online services, it will simply seem impossible to have to physically go to a branch to perform whatever operation they will need related to their banking account, including its initial opening.
Let me give you some examples …
Wells Fargo announced plans earlier this year to close over 400 branches in the US. The tendency of big financial institutions is to close physical branches at an unprecedented pace, as a reflection of people’s preferences for online and mobile banking.
[DOWN]
(pause)
In online banking there is also a clear tendency from 2012 onwards. Mobile banking usage skyrocks while fixed Internet banking is stagnating or even slightly shrinking.
[DOWN](pause)
On one hand, rising compliance costs and restrictive regulations is the new normal. This forces banks to increase operational efficiency at all costs, which is pretty difficult when regulation related costs tend to explode.On the other hand, reduced margins and increased costs is forcing banking institutions to adapt. Growing the Investment management business line is a relevant approach of course but diversifying earnings with new retail banking initiatives aimed at ensuring a first place on the online banking market is mandatory
(pause)
The digitalization is shaking the fundamentals of the banking business.
Just as technology as disrupted the transportation business with Uber, the lodging business with AirBnB, the consumer lending business with so many peer-to-peer lending platforms available, Technology is about to disrupt investment banking.This is happening.
[DOWNJ
(pause)
Alternative financing models are progressing throughout the business lines. Peer-2-Peer consummer lending, Crowdunfing, Peer-2-Peer business lending, all of them are exploding over the past years.This chart shows the situation in the UK but the worldwide situation is pretty similar.The important information here is that the volume of peer-to-peer and crowd financing is doubling every year since 2012.
[DOWN]
(pause)
This is the landscape of alternative financing firms and startups. More companies are appearing every month, almost every week.If you look at the global fintech landscape, you can multiply the count of companies here by 20.
(pause)
Fintechs are eating the banking business.Banking institutions need to adapt, or eventually a lot of them will disappear.
The blockchain. Back in 2010 nobody ever heard that word. Only very high tech or finance specialists were aware of any crypto-currency.Today everybody knows bitcoin and most people heard about blockchain.
[DOWN]
(pause)
While the blockchain technology is not ready yet to completely replace the trust third party, it has the potential to disrupt the very root of the worldwide financial system.
Happily here financial institutions have understood this from the beginning and a lot of blockchain initiatives nowadays are led by big financial institutions.
I focused a lot on how the digitalization is challenging the banking business.
But the blockchain technolofy is a good example that there are opportunities as well.
[DOWN]
(pause)
A team in the university of California has designed a model aimed at predicting stock prices evolution by using statistics of tweets, sentiment analysis and relationship discovery algorithms.Not only they are able to predict stock prices evolution one day in advance but they came up with a model much more accurate that pretty much every other initiative so far.
Technology, here Big Data, also offers unprecedented opportunities for financial institutions.
[DOWN]
(pause)
Another interesting example. Royal Bank of Scotland engaged IBM Watson to take care of the simplest customer request coming from online channels, as a way to enhance operational efficiency.I myself am not necessarily a big fan of IBM or Watson but this is a pretty sound use case for Watson.And in any case it’s a brilliant example of how technology can help banking institutions increase operational efficiency.
Again, both the evolutions of means and the evolution of behaviours induced by the new technologies such as
the digitalization of the masses
The Big Data technologies
The internet of everything
Have strong consequences on corporations and the society in general
The digitalization
- shakes the fundamentals of our society,
- shocks our references and
revolutionizes our business models
Corporations need to adapt.
I think you should now understand what I mean with the term “digitalization” so it’s a good time to give a few formal definitions
(pause)
A first definition that I think is good, from Business Dictionary :
“The digitalization is the integration of digital technologies into everyday life by the digitization of everything that can be digitized”
This is really what is happening.Everything that can be digitized, either is digitized or is getting digitized.I realized recently that I myself haven’t written anything down on paper for a pretty long time.I use Internet to do my payments, book my holidays or business trips, search for a phone number.
I take notes on my laptop or my smartphone.I even take my medical appointments using email.
The digitalization is the increasing integration of digital technologies into everyday life.Corporations need to adapt their business models and operating model to follow this trend. They need to transform their business and make it suited to the digital era.
(pause)
This is the definition of the digitalization from OCTO Technology. I think it’s brilliant
"The digitalization is the impact on corporations and organizations of the fact that people and things are always and everywhere inter-connected for every possible need."
I think is brilliant especially in the context of my webinar today. What interests us today is the impact of the digitalization on corporations and in this context the definition from OCTO Technology is crystal clear, accurate and most relevant.
Another way to put it would be :
The digitalization is the impact on enterprises and organizations of the Internet of Everything.
One definition remains : what is the digital transformation. I could not find any easy way to present the notion of digital transformation as a one sentence.
Instead, I find the following schematic most relevant in presenting what is the digital transformation.
This square is a corporation. The blue form represent its organization, its processes and its culture.
[DOWN]
(pause)
The most recent technological evolutions, - The always and everywhere inter-connection of people- The internet of everything- Big Data technologies- etc.
Influence the society and causes an evolutions both of means and behaviours.
[DOWN]
(pause)
[DOWN]
(pause)
In terms of means, think of the always and everywhere interconnection of people ands things, the consummerization, the new businesses such as crowdfunding and crowdsourcing, The availability of massive amount of data and the ability to analyze it, etc.
[DOWN](pause)
In terms of behaviour, think of the increasing digital literacy of people, the digital natives, all the behaviour changes brought by social networks and the increasingly connected world and real-time communication means. People want everything, now and tailor made.
[DOWN]
This evolution of our society as a whole forces the corporation to transform its operating model, adapt its organization and its culture.
The 4th industrial revolution
[DOWN]
[DOWN]
Corporations need to adapt three most essential aspects.
[DOWN]
(pause)
[DOWN](pause)
First, the internal organization of corporations need to be adapted to match the responsivness and dynamic required to design products in the digital era.Key practices here are Agility and DevOps at every level in the company around the IT organization designing the digital products.Management and hierarchy should also be adapted to enable low response time to market events and customer feedbacks.
Finally, every action and decision within the corporation should be taken with customer centricity in mind.
[DOWN](pause)
Entering the digital era requires a significant evolution of the culture of the company.Lean Startup principle and practices should be embraces and a thorough Customer Development Process should accompany the Product development processes in place.
Also, in the digital era with reduced margins and increasing complexity of products and regulations, operational efficiency should be a constant focus.
[DOWN]
(pause)
Finally, The marketing approach should evolve to meet the customer expectations in a digital world. Customers expect corporations to meet them where they are, in a mostly online world. Corporations already started the digital marketing move many years ago, but that is not sufficient.
TODO In & Out-Bound marketing.In this ever more selfish world, people are looking for tailor-made. It’s all about me, myself and I. Corporations need to consider this and thanks to a sound adoption of Lean Startup principles such multivariate tests, corporations have the possibility to provide customers with very customized solutions. Even further, it is nowadays common to implicate customers in the design of the product itself and even in the process of searching for new products to develop. Think co-creation and co-innovation.
[DOWN]
Interestingly, just as technology is the driver behind the evolutions forcing corporations to adapt, technology is also the solution to the transformation of corporations.
[DOWN]
Corporations need to understand that they have no choice. They need to digitalize significant portions of their business and understand the central place that technology has to take.Corporations that still believe today that IT and Technology is a center of cost instead of the key vector for innovation will eventually disappear. Whatever the industry, IT and Technology must be considered as a key investment and the most important vector of innovation
So all this definition part has been pretty generic.I would want now to focus a little bit more on the digital transformation of financial institutions.
I would like to consider the digital transformations on two perspective :
- First perspective concerns the challenges that the evolution of means and behaviour from the digital era is causing to financial institutions- Second perspective is the opportunities that the digital era is offering to financial institutions.
[DOWN]
Competitiveness
In the digital ear, comparisons and advising web sites flourish and new comparison services appear almost every month.
As an example, my father still buys his consumer electronic devices from the physical store closest from where he lives.I myself, I am using an aggregation and comparison web site to buy my devices from the online shop offering me the cheapest price.The same evolution that impacted consumer goods will eventually apply to absolutely every business including the banking business.Banking institutions need to adopt a fair price policy and emphasize clarity and simplicity when designing their products.
[DOWN]
Customer satisfaction
In a digital world, people wants everything immediately. In addition, reputation is very important and can be harmed in no time. People suffering from stolen credit cards will express themselves on social network and can harm the reputation of an institutions that dealt badly with such a situation in no time.
[DOWN]
Customer centricity.
Today more than ever replacing enhancing a thorough product development process with a customer development process, meeting the customer where he is, focusing on needs and demands needs to be the core focus of financial institutions.
[DOWN]
Marketing and brand.
It’s all about innovation and reputation. Design the best products, the most innovative ones, implement striking online and mobile services, communicate about them on the right channels and the chances they become viral are important.
At the same time an anecdotic fact , discussed widely on the internet and becoming viral, can cause a lot more harm to a company than a bad balance sheet.
Again, making a difference in the digital era is all about innovation and reputation.
[DOWN]
Operation Efficiency.
With shrinking margins and increasing product development costs, corporations need to rethink the way they work. Tracking and eliminating waste should be part of the business processes used to run the company, not a side activity to be done once in a while when shareholder complains.The key leads here are Process automation and the reduction of intervention delays.
[DOWN]
Risk Management and Mitigation
In a digital world, the attack surface for cybercriminal or simply thefts is much larger than in the traditional world. New channels, especially digital channels, to access the banking institutions products come with higher risks.
While a sampling approach to control and audit could be sufficient before, it is not the case anymore with the Digitalization. Banking institutions need to move their controls towards continuous, automated, comprehensive and real-time control and audit approaches.
State of the art fraud detection systems are not optional anymore.
[DOWN]
Competitiveness
In a digital world, technology can help putting in places platforms for co-creation and co-innovation, implicating the customers in both the identification of new products and the definition of new products, which are ultimately the best way to handle innovation and the requirement for tailor made. In addition, digital products can be made very customized.
[DOWN]
Customer satisfaction
When processes and products are digitalized, achieving 24/7 availability is straightforward. A computer doesn’t sleep. In addition, communication about fair price strategies is easier when the catalog of products is available online. Finally, even customer follow-up processes can be automated.
[DOWN]
Customer centricity.
The digitalization requires financial institutions to meet the customer on his preferred channels, but is also provides them with the means to do so. Getting online and digital, from a purely technological perspective, is not difficult. Changing the organization of the corporation to achieve the digitalization is the difficult part.
[DOWN]
Marketing and brand.
It’s all about innovation and reputation.
The digital world offers unprecedented opportunities to convince a customer to buy a product. Think of trial systems, demo systems, sandboxed.
In addition digital marketing is now a field on its own.
[DOWN]
Operation Efficiency.
Technology is also key to achieve Operational Efficiency. New products or technologies aimed at moving to a paperless corporation and dematerializing processes appear every month, not to say every week. Think of digital signatures, responsive interfaces, etc.
[DOWN]
Risk Management and Mitigation
Here as well, most recent technologies such as Big Data Analytics, Machine Learning and real-time processing systems offer unprecedented opportunities to move towards continuous, automated, comprehensive and real-time control and audit approaches. In addition, web technologies have significantly progressed over the past 10 years making it possible to build responsive dashboards to monitor Key Performande Indicators and Key Risk Indicators as well as state of the art Data Discovery Platforms.
So back to the topic “Risk management and Mitigation” both in terms of Challenges and opportunities.
I recovered here what I have presented in the previous slides.
This is where we, NetGuardians, kick in.
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(pause)
This is the NG|Screener Platform is a Big Data Analytics platform that provides a continuous and comprehensive control framework for banking institutions. It covers a broad range of use cases going from User Behaviour Analysis to Predictive Analytics through continuous audit processes.I’ll describe the NG|Screener platform with more details on the next slide.
[DOWN](pause)
The NG|Screener platform is in a unique position to help financial institutions in regards to addressing the Risk Mitigation challenges from the digitalization. In contrary to the usual BI approach, NG|Screener works online in near real time. It is designed from the grounds up to leverage Big Data technologies for continous and comprehensive control and audit processes. NG|Screeener comes out of the box with hundreds of controls aimed at detecting, and even further preventing, fraud patterns.
[DOWN](pause)
In addition, NG|Screener makes financial institutions enter the digital era with their Risk Management and Mitigation processes. NG|Screener provides out of the box comprehensive dashboards and Data Analytics applications. The underlying Big Data Technologies leverage fraud detection algorithms to achieve fraud prevention. And it works in Near Real Time, addressing the usual drawbacks of Business Intelligence platforms which usually suffer from the one day later problem.
The platform is composed by a lot of different components but there are four core components:[DOWN](pause)
First, the DCF – or Data Collection Framework – which extracts and normalized the various data we extract from the Banking Information System. The data we use from the Banking Information System is mostly business data, reference data, user activity trails and customer activity trails
[DOWN](pause)
The second component is the NG|Screener Daemon. This is the big data analytics engine which runs control and operates the continuous and comprehensive control and auditing processes. Controls themselves cover a broad range of use cases such as producing compliance reports, searching for fraud patterns in the activity trails or profiling customers and users.
[DOWN]
(pause)
The third component is the NG|Screener UI or User Interface. It provides internal control and compliance with a State of the art Dashboarding Application, a Data Discovery application and forensic investigations features.
[DOWN]
(pause)
The last component is the NG|Case Manager application. Interestingly, this is the application that internal users of banking institutions are the most aware of since it’s the one they are confronted with. NG|Case manager is used to track alerts, reports and violations. It packages a state of the art workflow engines with enhanced notifications and integration capacities that tracks violation resolution, documentation and closing. It supports advanced statistics and analytics features.
(pause)
Of course NG|Screener can integrate with any GRC Software the banking institutions might already be using internally. (GRC stands for Governance Risk and Compliance)
With the digitalization, new opportunities for growth and innovation are emerging.
New regulations, and moreover changes in regulations to address these challenges will increasingly appear at an unprecedented pace.
Experience shows that the structural changes needed to bring costs down and improve effectiveness in risk can be accomplished much like digital transformations in other parts of the bank.
The distinguishing context of the risk environment, however, has important implications.
Risk practitioners in most regulatory jurisdictions have been under extreme pressure to meet evolving regulatory requirements and have had little time for much else.
Second, chief risk officers have been wary of the test-and-learn approaches characteristic of digital transformation, as the cost of errors in the risk environment can be unacceptably high. As a result, progress in digitizing risk processes has been particularly slow.
At NetGuardians, we want you to be able focus on identifying your risk needs and key controls and take care of digitalizing the related processes for you.