Digital Transformation Journey

5 Tips for Digital Transformation Journey Success

What do we mean by digital transformation? It can be described as “the profound transformation of business and organisational activities, processes, competencies and models to fully leverage… a mix of digital technologies and their accelerating impact… in a strategic and prioritised way, with present and future shifts in mind.” This suggests two important things about…

CCAR

Cutover Case Study: CCAR Reporting

CCAR (Comprehensive Capital Analysis and Review) is a United States regulatory framework introduced by the Federal Reserve to assess, regulate, and supervise large banks and financial institutions. CCAR attestation is a complex end-to-end process that requires a chain of human attestations and needs systemic support. Most organisations have built their own (very different) tools to…

regulation

Regulation is Leaving Little Room for Banks to Make Strategic Changes

Banking is the most heavily regulated industry in the world. There are 222 financial regulatory bodies globally and hundreds of internal standards in each bank to keep customers safe. The surprising amount of business change focused on regulatory requirements could be preventing growth and innovation. 84% of financial institutions say regulatory requirements are impeding their ability…

Regulation vs Innovation

Regulation vs. Innovation in Financial Services

Financial regulation is essential for protecting the banking industry and consumers. Since the financial crisis, regulation has played an even greater role in financial services. This has led to increased scrutiny of banks and the way they operate, putting them under increased pressure. It is essential that they can prove that they are adhering to…