More than ever, it is imperative for financial services organizations to migrate to the cloud. New demands from customers and shareholders, along with increasing regulatory requirements, require organizations to have an IT ecosystem that can deliver increased agility, innovation and customization. For those hesitating because of security, data privacy and compliance concerns, here are five […]
Blockchain has the potential to sweep away the central trust authorities of governments, banks and corporations as I discussed in my previous post. Why? Because blockchain enables virtual communities to re-create the person-to-person trust of small villages and societies at a global scale. Ancient societies were based on the idea of personal trust: I trust […]
In my previous post, I outlined what makes blockchain a transformative technology. It builds trust in data and business networks, which makes it the latest part of a long history of trust as the basis for economic transactions. People trust each other based on personal knowledge. I trust you because I know you and what […]
With blockchain, Crédit Mutuel Arkéa saw an opportunity to make application processes easier for customers and staff by creating a single, cross-business know-your-customer (KYC) platform. The bank’s numerous divisions had no way of sharing KYC documents. If a customer provided a passport or other identification to open a new life insurance policy with Crédit Mutuel […]
In the old days, many IT employees used a simple gauge to assess the financial viability of their technology decisions: is there enough money in the budget? Today, as chief information officers embrace the role of “strategic service broker” to the business, the organization must have a better understanding of how technology decisions impact the […]
In a 2014 Association for Finance Professionals (AFP) Risk Survey 45 percent of finance executives reported that corporate earnings were exposed to more uncertainty today compared to three years ago. From uncertain customer demand for products and services to volatile commodities prices and exchange rates, every aspect of business in every geography and industry is […]
This month's chat focused on a topic with some pop culture appeal: IBM Watson. Since winning Jeopardy! just over a year ago, Watson has gone to work in the real-world, in both the healthcare and finance industries. Analyst Adrian Bowles joined the chat and contributed his insight.
This month’s #cloudchat on March 8 from 4-5 p.m. ET will take a look at Watson’s journey over the past year and what’s in store for the future, as it leverages big data analytics and the cloud to solve real-world problems (learn about how Watson is working in healthcare: http://bit.ly/z7oAgv and the banking industry: http://ibm.co/xNa6Jy).