Data is the backbone that keeps enterprises performing at the optimal. This fact isn’t going to change any time soon. If anything, companies will continue to bolster their investments to ensure clean and timely data to all parts of the enterprise. Here are some of the big strides we expect in data and analytics when
2018 was a banner year for future-now technologies like AI, Blockchain, IoT, cloud and automation. They added new dimensions to the digital transformation journeys for businesses across the world. However, 2019 will see a new trend. Coalescing of multiple technologies will create new opportunities and drive disruption across businesses. The information services sector will be
The buzzword of blockchain has been around for nearly a decade. Over the years, we continue debating if it is real, and if there’s more to the technology than just cryptocurrencies. Starting in 2017, we have seen the emergence of blockchain applications in the travel and hospitality markets. These applications range from autonomous aggregation and
After the 2008 financial crisis, FIs faced stringent regulations from governing bodies across the globe. FATCA, GDPR, PSD2, and MiFIDII are some of the regulations that have come into existence in the last few years. According to a Deloitte report, there are around 200 regulatory revisions to track and comply with on a daily basis.
The insurance industry’s reputation of being static and sluggish in response to demand is a thing of the past. Today’s customers expect insurers to scale up for calamity claims and at the same time, continue their business as usual. For instance, Hurricane Florence, which hit the Carolinas in September 2018, resulted in more than 185,000
Loan covenants are much like the rumble strips on the side of a highway. A set of covenants can help banks offset some of the risks that threaten them. A study by CenterState – Correspondent Division suggests that a well-adhered covenant set can reduce the default risk of the borrower by more than 20%. On
Banks today harvest and analyse massive amounts of data – but imagine what could be done with this data if banks weren’t so preoccupied with banking. To put it another way, all banks employ talented software engineers, and those engineers are able to develop applications for any market. Banks’ IT teams could easily create insurance