Laundering of funds and funding of terrorism. Climatic peril. Both internal and external fraud. Threat to the company’s operations. Threats to the confidentiality of data and computer systems. Corruption and bribery. Each year presents an extended and more... View
One of the most widely used digital core banking solutions – Temenos Transact – uses cloud-native and agnostic technology. It provides an extensive and powerful banking functionality across retail, corporate, treasury, wealth, and payments – in 1000... View
Today’s uncertain economic climate has little tolerance or margin for underperformance. Banking faces severe tests. From knowing where to find and make profits to protecting and expanding strategic revenue streams, success in today’s evolving markets mandates that FIs... View
There is an intrinsic toughness that traditional banks face concerning compliance management. The frequent policy changes need time and effort to adapt and adopt (once the impact assessment studies are completed). Often, incomplete automation or sub-optimal... View
Retail banking is at crossroads given the tectonic technology forces and the altered consumer behaviors post-pandemic. Before the year is up, expect leading retail banks to do more of the following. Realigning their technology investments to enhance omnichannel and... View
Regional banks are not behind on AI in software delivery. They are ahead. The real question is whether test automation moved with them. Most bank technology leaders have this backwards. The assumption, understandably, is that regional banks and credit unions are playing catch-up on AI, that megabanks with larger technology budgets are further along. The […]
Development moved faster this year. Most quality engineering functions did not move with it. Here is how to tell if yours is one of them. Ask most CIOs, CTOs, and Heads of Engineering at regional and challenger banks whether their development teams got faster this year, and the answer comes quickly: yes, obviously. Ask the […]
Banks increasingly consume AI through vendor APIs, SaaS platforms, cloud services, and embedded features. Proprietary architecture can limit visibility, but it does not transfer accountability. SR 26-2 states that model risk principles remain applicable to vendor products and calls for institution-specific understanding, validation, monitoring, and outcome analysis. A vendor model card is an input to […]