IT solutions for digital transformation help financial services firms achieve real-time modernization.
December 15, 2022

Successful collaboration with DAI Source and IBM helped PortX pioneer cloud-native connectivity to the Federal Reserve

3 min read - Thanks to digital transformation, banking looks nothing like it did a generation ago. In fewer than 30 years, customers have gone from queuing up in a physical bank during lunchtime and weekends, to transferring money and cashing checks via mobile phones at any hour, virtually anywhere on the planet. All that technological infrastructure is not easy to maintain. The global fintech market was valued at USD 112.5 billion in 2021, and researchers predict it will reach USD 332.5 billion by 2028.…

November 17, 2022

How can we learn from Mother Nature?

4 min read - Nothing in nature operates individually. Nature works in a connected, circular ecosystem where everything is leveraged, shared and repurposed. Did you know that a grain of sand from the Saharan desert affects the fertility of the Amazon Forest? Or that seaweed in the ocean can produce around 70% of the oxygen in the atmosphere? In nature, everything is perfectly orchestrated in harmony. Why can’t our future economy be the same? Specifically, how can we enhance our banking and payments ecosystem…

September 7, 2022

The evolution of OCC expectations for model risk management

9 min read - On 18 August 2022, the Office of the Comptroller of the Currency (OCC) published its model risk management (MRM) booklet of the Comptroller’s Handbook in OCC Bulletin 2021-39 (2021 handbook). As mentioned in the release note, the 2021 handbook presents the concepts and general principles of model risk management and provides guidelines for examiners in planning and conducting examinations on model risk management. The handbook provides insights into the OCC’s current and expected approach to model risk supervision. The insights…

June 10, 2022

The next era in banking starts with reframing trust

4 min read - In a world where 76% of Americans are choosing mobile apps over teller windows and digital wallets are fast replacing cash in pockets, banks are changing rapidly. But it’s more than just expanding digital services. Financial institutions are faced with a culture shift that requires redefining and earning customer trust. Trust has always mattered in banking. But it has been a particularly thorny issue since the 2008 financial crisis when it became clear that banking practices did not always serve…

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