financial services

Technology is solving the retirement wealth decumulation challenge

Every retiree deserves access to the life they’ve worked so hard for their entire adult lives, but poor financial planning often means that they fall short. Now, advances in technology are finally enabling them to plan for the retirement that they want by automating a critical part of financial planning: wealth decumulation. The Baby Boomer […]

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The five key levers for radical transformation in financial services for digital success

If Charles Darwin were still alive, I wonder what he would think about the evolution of banks? Once again, banks are being forced to evolve or die. And financial institutions that fail or refuse to become cognitive and digital will get left behind. It’s survival of the fittest at its finest. Right now, survival is […]

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Transforming IT banking Infrastructure and IT department mindsets

Many banks and financial services are starting or continuing their transition to a customer-centric model of doing business. To do this, companies are rigorously evaluating the right systems and processes needed to support their transformation. These new systems need to handle very large and variable workloads, with strong security and cost-efficiency. But it’s not a […]

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Continuing the path to real-time payments innovation

Since the 1960’s, IBM has worked with banks to help simplify their payment operations by upgrading payment processes, integrating existing silos and renovating legacy systems. In today’s drastically changing payment landscape, banks now wrestle with implementing new real-time payment schemes while satisfying new regulatory mandates and the demands of industry bodies, customer and merchants. These […]

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Building, operating and monetizing financial services apps on the IBM Cloud

As the financial services industry continues to be disrupted by smaller, agile fintech startups, long-established financial institutions are looking for ways to keep pace. One approach to accomplish this is to build, deploy and even monetize next-generation apps on the IBM Cloud. An example of how this is happening is to look to research company […]

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How financial institutions can get started with AI today

If 2016 was the year artificial intelligence (AI) became a buzzword for the financial services industry (among many others), then 2017 has been more a year of introspection. There’s a growing awareness on the state and application of AI within the industry. AI is not yet a magic switch, particularly for financial institutions (FIs) where […]

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Reinventing Financial Services

We’ve been long saying that financial services firms today are undergoing a radical transformation. From pressures around data security, a constantly evolving regulatory environment, and disruptive new players (fintechs)—all amplified by cost pressures and diminishing margins—it’s clear that business models need to quickly adapt. To further complicate the landscape, customer expectations continue to evolve, as […]

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Outthink Competition in Financial Services through Digital Business Transformation

Digital disruptors are forcing financial companies to re-invent themselves and rethink the speed of responsiveness to business and customer needs. Today the competition is coming in from all sides – within the industry and from other industries. Agile start-ups and innovative Fintechs not only increase the threat of losing customers but also impact business results. […]

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Bold Thinking For The Next-Generation Bank

Digital forces are transforming industries beyond recognition. Big data, mobility, social media and cloud computing are changing the way people live, work and think – and forcing banks to develop new strategies to meet ever-shifting customer expectations. This is the time of the next generation bank. Time is of the essence. Today’s banks face fierce […]

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