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Digital Transformation: The New Dawn Belongs to Data

Digital transformation has become today's imperative for survival. So how do firms do it well? The charge for digital transformation means challenging the way businesses have been run for decades. To achieve that requires real vision. And a clear idea of what good looks like. The secret is to be clear where a constellation of technologies is best used, determine where technology is simply part of the kit bag and where one type of technology is not part of the answer for that particular phase. So where should firms start? With so many options, a digital transformation imperative, and a market littered with false starts, the best route is not always apparent. Download this new paper by Xceptor and Finextra as we discuss how using technologies to replicate bad processes just locks in more problems and how those in the know understand that data is the new dawn and it’s just around the corner.

637 downloads

Report

Meeting EU Regulatory Requirements in A Post Data Breach Era

2017 played host to a catalogue of data breaches, and some of the most shocking examples were those that were an updated account of previously reported breaches. This has done nothing to augment already dwindling trust in financial services. In the wake of the second Payment Services Directive (PSD2), the General Data Protection Regulation (GDPR) updates and AntiMoney Laundering (AML) updates with their regulatory requirements for stronger verification and more rigorous data protection, have current verification methods passed their expiry date? The plethora of digital account services available now has given rise to more opportunities for cyber criminals to breach customer account data- this can then be sold on the dark web and used for fraud and money laundering. At the same time, the rise of cryptocurrencies has enabled such nefarious activities by providing anonymity. What is the way forward for digital payment and service providers to know exactly who their customers are as they come under increased regulatory scrutiny? Download this new white paper, produced by Finextra in association with Mitek, as we explore these issues and highlights some of the emerging methods financial institutions can deploy to meet compliance obligations while onboarding their customers in a secure, user friendly manner.

719 downloads

Report

How to Realise a Digital Strategy in Financial Services

During 2017 Finextra in association with Temenos hosted a series of seminars to unpick and explore the challenges and opportunities for financial services grappling with the transition to a digital world. The three seminars examined the role of cloud computing within a digital strategy, progress by financial institutions in harnessing data and analytics to improve customer experience and options open to them to reinvent their business models for open banking. This new whitepaper produced by Finextra in association with Temenos distils the outcome of the seminars and presents a set of key takeaways for financial institutions looking to realise their digital strategies to remain relevant and successful in the banking landscape of the future. Download the full paper now to find out more.

962 downloads

Report

AI in Financial Services: Next Steps To Realising The Potential

AI has generated a lot of excitement in the past few years. While it is a disruptive technology, its potential to add value in Financial Services firms is enormous. It already exists in our lives, and we know that it has much further to go. Every day we hear more about driverless cars, chatbots, robots, robo advisors and so much more. Where will AI go, how will it change our world are questions worth pondering. Firms across the globe are becoming aware of the power of these technologies. They have started to explore how AI could improve the customer experience, enter new markets and gain revenue more quickly, reduce operational and business expenses and enhance compliance efforts. Banks always want to know their customers better and improve their relationships. AI will clearly help here. In late 2017 Finextra and Opentext conducted a survey exploring how firms are approaching AI in financial services, what areas they consider the benefits and what they view as barriers to success. Download the full report now to view the findings, we hope you find the results as compelling as we do.

966 downloads