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Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program

IBM Big Data Hub

A third-party investment review, where the ISV provides a bill of material showing what and how services are being used to meet compliance requirements, along with price points. IBM Cloud Framework for Financial services is uniquely positioned for that, meeting all these requirements.

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Embracing new ways of working in financial services

CGI

Embracing new ways of working in financial services. In times of crisis, the preservation of key functions and services is critical, regardless of industry. Financial services is no exception, as payments, lending, and trade are the lifeblood of the global economy, even in challenging times.

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The next wave of payments modernization: Minimizing complexity to elevate customer experience

IBM Big Data Hub

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

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Customer experience examples that drive value

IBM Big Data Hub

Organizations that provide an excellent customer experience (CX) can improve sales revenues by 2 to 7 percent and profitability by 1 to 2 percent, according to McKinsey. Focusing on good CX can increase customer satisfaction and drive more meaningful customer interactions, ultimately increasing sales and customer retention.

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CFPB’s Proposed Data Rules

Schneier on Security

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.

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Regulatory Update: NAIC Summer 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. This post summarizes the highlights from this meeting. At the Summer Meeting, the Working Group agreed to expose the Trades Letter for a 45-day comment period.

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Thales & Prime Factors’ 30 Year Collaboration Continues to Deliver Simplicity, Flexibility, and Security for Payment Applications

Thales Cloud Protection & Licensing

A great number of financial services companies buy off-the-shelf, turn-key payment applications, and we know that Thales has many great partners, many of which I worked with directly during my tenure at Thales, that deliver these types of solutions.