innovation

Have banks reached an AML compliance inflection point?

IBM RegTech Innovations. Nearly two years ago Lloyd Blankfein, CEO of Goldman Sachs, predicted that the demand for compliance analysts to meet the institution’s regulatory obligations would soon be leveling off: This has a Y2K feel about it – that is, we have to hire additional people because we have to get ourselves up to […]

Continue reading

An innovative risk path beyond aggregation for finance: An interview with Peter Chirlian

IBM RegTech Innovations. IBM recently announced its acquisition of Armanta, a provider of aggregation and analytics software to financial services firms. Armanta’s technology platform allows financial institutions to aggregate data across multiple systems in near real-time speed.  We caught up with Peter Chirlian, CEO of Armanta, an IBM Company, to tell us more about Armanta’s […]

Continue reading

Blockchain for KYC: Game-changing RegTech innovation

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. Consider, for example, the blockchain space. While blockchain’s decentralized, distributed-ledger technology is most popularly known as the basis for cryptocurrencies such […]

Continue reading

How AI is redefining financial crimes detection technologies

IBM RegTech Innovations. There is a quote in the most recent Star Wars movie, “The Last Jedi” that gets me thinking about innovation; ‘We are the spark, that will light the fire”. The Star Wars movies, books, games and mythos is a masterfully woven tapestry telling the tale of a little guy triumphing over an […]

Continue reading

Redefining risk and compliance: IBM OpenPages with Watson

IBM RegTech Innovations. With the launch of OpenPages with Watson v8, IBM is continuing to build on its legacy of  industry-leading technologies for the financial sector. David Marmer, VP Offering Management, IBM GRC, offers insights into some key features of IBM’s latest milestone in governance, risk and compliance technology—showing how these innovations directly address long-standing […]

Continue reading

Backing the right horse: Factors for success in transformation investments

When it comes to digital transformation, how do you manage investments to accelerate results? For banks, the three elements for transformation success are: Security Culture Enterprise integration In this episode of the Boardroom Advisory Series, we discuss the importance of each of these three elements. Here’s the preview: Security For the first element, security is a paramount. As […]

Continue reading

Why cloud? Why now? Because your customers won’t wait

In real estate, the three most important words are “location, location, location.” In banking, the three most important words might be “speed, speed, speed.” In banking and in financial services generally, we’re seeing new technologies emerge every day, in both customer-facing and operational capabilities. And we’re seeing banks move processes and services to the cloud […]

Continue reading

IBM Design Thinking brings a wealth of innovation to wealth management

Most people who know the name Branch Rickey know him as the president and general manager of the Brooklyn Dodgers who played a key role in helping Jackie Robinson break the Major League Baseball color barrier in 1947. I also know him for something he said several decades earlier. In a speech to a YMCA […]

Continue reading

Banks can modernize, transform and innovate faster with DevOps

Banking today is nothing like what it was a few years back. The industry is undergoing rapid transformation as banks are juggling increasing regulatory requirements, while at the same time looking for new ways to provide customers with better services anytime, anywhere. The entire conversation about technology for banks has evolved from historically long development […]

Continue reading

What Can Banks Learn From The FinTechs?

My engagements with a number of global banks of various sizes over the past several months have been on one common agenda. What should be their strategy for Digital Banking transformation and what they can learn from FinTech innovation?  This is definitely related to the inflection point that the banking industry is today both from their […]

Continue reading