IBM Big Data Hub

NOVEMBER 7, 2023

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.

Cloud 84

Cloud Financial Services Security Compliance 84

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 68

Cloud Financial Services Compliance Digital transformation 68

IBM Big Data Hub

MAY 9, 2023

IBM’s announcement today of the Watsonx platform to power next generation foundation models for business is a prime example of how we are doubling down on the technology that will transform the enterprise. Now I’d like to share a few examples of partner work doing just that.

Cloud 99

Cloud Financial Services Marketing IT 99

Data Matters

SEPTEMBER 4, 2019

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The Summer Meeting was highlighted by the following activities. Under the Revised CFR Model Laws, a “reciprocal jurisdiction” includes (a) a non-U.S.

Insurance 68

Insurance Paper Risk Analytics 68

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. Even more alarming, 43% reported an increase in the volume, severity, and scope of cyberattacks in the last year. Requirement 3.2

Compliance 77

Compliance Financial Services Data breaches Encryption 77

Collibra

FEBRUARY 11, 2020

Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. For example, FinTech and RegTech companies are very interested in working with companies that have a strong framework for managing data, including personal data. .

Financial Services 59

Financial Services Digital transformation Personal data Compliance 59

Data Protection Report

AUGUST 2, 2022

Organizations should also be aware of sector-specific statutory obligations which may apply to them, for example in health or financial services industries. In this post we discuss the operational advantages of a good privacy breach record-keeping program. Risk management and mitigation.

Compliance 137

Compliance Privacy Risk Financial Services 137

IBM Big Data Hub

SEPTEMBER 20, 2023

Such services can empower citizens and help restore trust in public entities by improving workforce efficiency and reducing operational costs in the public sector. Or they can stay on the sidelines and risk missing out on AI’s ability to help agencies more effectively meet their objectives.

Government 107

Government Artificial Intelligence Privacy Digital transformation 107

AIIM

MAY 19, 2020

For example, the U.S. financial services sector is different in practice than RM for a law firm, or a Canadian municipal government, or a multinational energy firm. Chapters meet quarterly to monthly, and many offer an all-day annual seminar. Examples in the U.S. Don’t overlook horizontal or vertical associations.

Records Management 170

Records Management Privacy Government Information governance 170

Info Source

JULY 6, 2023

For example, if your experience as an end customer in an interaction with your bank, insurance carrier, car dealer etc. Let’s illustrate the role an IDP solution can play in ensuring a positive customer experience by examining the different stages of a Customer Onboarding process, using the example of a loan application.

Customer Experience 52

Customer Experience Communications Financial Services Insurance 52

IBM Big Data Hub

JANUARY 10, 2024

Some example use cases to highlight: Confidential AI: leverage trustworthy AI and while ensuring the integrity of the models and confidentiality of data Organizations leveraging AI models often encounter challenges related to the privacy and security of the data used for training and the integrity of the AI models themselves.

Security 76

Security Cloud Data Privacy Financial Services 76

The Last Watchdog

JUNE 15, 2023

for example, Microsoft merchant experiences with SCA under PSD2 ). W3C works on ensuring that all foundational Web technologies meet the needs of civil society, in areas such as accessibility, internationalization, security, and privacy.

Authentication 100

Authentication Communications Financial Services Retail 100

IT Governance

AUGUST 26, 2021

Employees can again meet face-to-face and will feel less isolated, and employers can make sure staff are staying on top of their workload. For example, financial services firms may be worried about employees breaching insider trading laws. There are clear benefits.

Compliance 119

Compliance Data breaches Privacy Risk 119

IBM Big Data Hub

AUGUST 15, 2023

As enterprises are seeing a lot of uptick in migrating workloads to cloud, IBM has created a space for itself amongst the many hyperscalers out in the market in terms of their Power Virtual server and Financial Services cloud offerings. Meeting these requirements necessitates a meticulous focus on architecture, controls and testing.

Cloud 61

Cloud Digital transformation Energy and Utilities Retail 61

Reltio

APRIL 1, 2020

This post offers a look at the topic of scalability, outlining what the concept means and how it applies to customer data management, with some customer examples. The issue is particularly prevalent in industries like retail and financial services, which can contend with massive spikes in usage based on seasonality and marketing initiatives.

Retail 68

Retail MDM Cloud Customer Experience 68

erwin

MAY 2, 2019

If, for example, a business sets a goal to increase its website sales by 20 percent in one year’s time, meeting that goal will require that different IT and business functions work together. One team member might specialize in security, for example, and another in applications.

Digital transformation 95

Digital transformation Healthcare Compliance Cloud 95

Rocket Software

MARCH 11, 2022

According to research by Aberdeen, the industries with the strongest need for terminal emulation are business services (accounting, HR and consulting, for example), manufacturing, retail, education, healthcare, finance and insurance. Improve experiences. Increase mobility and access. Greater agility, without the hassle.

Retail 52

Retail Manufacturing Compliance Access 52

AIIM

OCTOBER 22, 2019

Wider and more profitable opportunities exist for organizations to bridge the gap between paper and digital media, especially in traditionally paper-intensive fields such as financial services, healthcare, or government. For example, the top right corner of a form may be a consistently structured customer address block.

Paper 90

Paper Computer and Electronics Access Archiving 90

Armstrong Archives

DECEMBER 18, 2023

Here are some examples: Ensure Business continuity: Proper document storage ensures that important records are accessible when needed. These might include legal documents, financial records, or client information. If your company doesn’t meet compliance requirements, your business may be at risk of lawsuits, fines, or both.

Archiving 52

Archiving Paper Records Management Compliance 52

IT Governance

NOVEMBER 9, 2018

Profiling is most often used for marketing purposes, but it is also used in other areas, such as healthcare, financial services and education, where large volumes of data need to be analysed in order to make quicker and more consistent decisions. Such decision-making is now restricted.

GDPR 88

GDPR Personal data Financial Services Compliance 88

IBM Big Data Hub

APRIL 11, 2024

For example, the EU Council and Parliament has given the green light to new rules for “instant payments” and the “EU AI Act” in addition to the “DORA” mandate. One of the biggest challenges these organizations face is evolving regulations related to payments.

Cloud 62

Cloud Financial Services Privacy Compliance 62

IBM Big Data Hub

FEBRUARY 23, 2024

For example, natural language understanding (NLU) focuses on comprehension, enabling systems to grasp the context, sentiment and intent behind user messages. Enterprises can use NLU to offer personalized experiences for their users at scale and meet customer needs without human intervention.

Analytics 103

Analytics Artificial Intelligence Marketing Education 103

Rocket Software

FEBRUARY 25, 2022

Organizations can minimize the possibility of conflicts, issues or discrepancies while improving their ability to deliver quality experiences and meet compliance requirements through precise automation. Mimicking the behavior of a human, the robot can execute a set of actions similarly to human logic.

Compliance 59

Compliance Financial Services Risk Insurance 59

Collibra

MARCH 11, 2021

Operating model example. Here is an example of how an insurance company working with Collibra set up its operating model: The insurance company is cross-functional, frequently requiring collaboration among different lines of business, such as finance, sales, marketing and IT. Data domain example. Identify data domains.

Government 59

Government Communications Insurance Customer Experience 59

Info Source

MAY 13, 2020

The most popular reason why processes were not always strictly followed was that employees may deviate to meet customer needs (58%). For example, US decision makers believe RPA will be most valuable for improving the customer experience (40%) and financial planning and decision making (38%). About ABBYY.

Mining 52

Mining Customer Experience Financial Services Insurance 52

Info Source

AUGUST 21, 2020

The alliance between UiPath and Kodak Alaris will generate new business opportunities for system integrators and software vendors, helping them expand RPA projects and deliver intelligent scanning and information capture solutions to customers in sectors including Government, Financial Services, Logistic and Healthcare.

Information capture 52

Information capture Digital transformation Paper Artificial Intelligence 52

Collibra

APRIL 11, 2022

Operating model example. Here is an example of how an insurance company working with Collibra set up its operating model: The insurance company is cross-functional, frequently requiring collaboration among different lines of business, such as finance, sales, marketing and IT. Data domain example. Identify data domains.

Government 52

Government Communications Insurance Customer Experience 52

Data Protection Report

OCTOBER 1, 2019

New York does not place specific requirements on these persons or companies, but instead provides examples of the elements of a data security program. New York’s new law contains similar examples of technical and physical safeguards. by a person without valid authorization or by an unauthorized person.

Security 40

Security Financial Services Passwords Risk 40

Thales Cloud Protection & Licensing

NOVEMBER 16, 2020

For example, data sprawl has significantly increased due to all of the new patient data that has been created during the pandemic. The challenge for the healthcare industry to meet regulatory compliance and safeguard their data increases as they store more of their data in cloud environments. of total budget.

Digital transformation 62

Digital transformation Encryption Cloud Data breaches 62

Thales Cloud Protection & Licensing

JANUARY 26, 2021

As reported in the UK Finance “Fraud: The Facts” 2020 report, the theft of personal and financial data through data breaches was a major contributor to fraud losses in 2019. Financial service providers must take strict security measures to protect customer data from bad actors and other cyber threats.

Security 143

Security Retail Authentication Big data 143

Security Affairs

MARCH 18, 2019

Using Slack EKM, IT admins can revoke access to data within a particular Slack channel, for example, rather than disrupting all users on the entire platform. They can share chats, files and other data , all while still meeting their own risk mitigation requirements. Is Slack safe to use? Is Slack safe to use?

Encryption 73

Encryption Risk Financial Services Privacy 73

eSecurity Planet

SEPTEMBER 10, 2021

Leading IaaS and platform as a service (PaaS) vendors like Amazon Web Services (AWS) and Microsoft Azure provide documentation to their customers so all parties understand where specific responsibilities lie according to different types of deployment. This should confirm that they are meeting the agreed upon security terms.

Cloud 119

Cloud Security Encryption Risk 119

CGI

AUGUST 16, 2019

To meet them, financial institutions must offer credit interactions that are accurate, timely, convenient, secure and confidential. . Leading financial institutions are wisely leaving the world of isolated, one-off credit transactions behind. Today’s market leaders know, however, that change is unavoidable.

Digital transformation 63

Digital transformation Artificial Intelligence Analytics Marketing 63

CGI

JANUARY 12, 2017

This last blog shares some key recommendations for both banks and FinTechs as they compete to meet evolving consumer expectations and position themselves for growth. Many robo-advisors are FinTechs, but some incumbent players, like Schwab, have innovated internally to develop their own robo-advisory services to meet market demand.

Financial Services 40

Financial Services Education Marketing Risk 40

HL Chronicle of Data Protection

OCTOBER 25, 2019

for-profit businesses, but excludes a number of banks, financial services companies, telecoms, and other businesses that are not subject to the jurisdiction of the Federal Trade Commission or Department of Transportation. are not sufficient to meet the standards of European law. This covers most U.S. Annual Review.

Privacy 40

Privacy IT Personal data Financial Services 40

CGI

MAY 15, 2018

For the past two years, CGI has seen an exponential uptick in commercial sector interest in blockchain beyond just the financial services industry. For example, the U.S. In bitcoin, for example, the consensus standard is “proof of work.” Many government agencies also have been wading deeper into the blockchain waters.

Blockchain 40

Blockchain Government Digital transformation Consumer Services 40

ChiefTech

JANUARY 30, 2013

When McDonalds introduced self-service in 2004 it increased orders, also resulting in more staff being needed to meet demand. Ultimately this is a user experience design problem. Image credit: Self checkout fail by ~IloveAleu CC-BY-NC-ND.

Retail 74

Retail IT Financial Services Insurance 74