The 5 Digital Transformation Identities of Financial Services Organizations

CEB IT

One-third of financial services CIOs identified digital as their top business priority for 2019, up by more than 8% from last year, according to Gartner. Digital business usually means different things for financial services CIOs,” says Juergen Weiss , Practice Vice President at Gartner. “We

Financial sector leading the way on hybrid cloud

CTOvision

Financial services companies are benefitting hugely from embracing hybrid cloud platforms as the industry continues its digitial transformation journey, new research has found.

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How AI is shaping financial services

CTOvision

Artificial intelligence (AI) is in the process of transforming a variety of models in the global financial services industry, a global survey jointly conducted by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum suggests.

Freedom Financial CIO Taps Analytics for COVID Tracking

Information Week

As employees trickle back to the office, Freedom Financial is using technology and analytics to help prevent the spread of COVID-19

Nation’s Financial Heavyweights Issue Cyber Warning

CTOvision

I have a sense that 100% of my business associates, and the entire online community of CTOvision.com and OODAloop.com are not the least bit surprised at what is in new cyber threat warnings from the Department of Treasury’s Office of Comptroller of the Currency (OCC) and the independent Federal Deposit Insurance Corporation (FDIC). In fact, […]. News FDIC FFIEC OCC

The Downside Of digital Labs For Financial Innovation

Forrester IT

The race to digital is heating up in financial services (FS) organizations; increasingly, the engine making this happen is Agile. Quite simply, it is software that makes any financial business truly digital. financial services.

Surviving the new normal: What to do when a customer asks to see your startup’s financials

Venture Beast

It's possible that enterprise buyers will ask to see your startup's financial statements before committing to buy your product. Business Entrepreneur category-/Business & Industrial category-/People & Society startup financials

What Financial Services Executives Need To Know About Data Security

CTOvision

Read why financial services executives need to know about data security on Forbes : The financial services industry experiences 35% of all data breaches, earning it the unflattering title of the most-breached sector. It’s easy to understand why. The industry is known for its wide array of interconnected systems and the processing of millions of […]. Cyber Security News

5G In Financial Services

Forrester's Customer Insights

5G will become a general-purpose technology for financial services firms. Age of the Customer banking customer experience management customer-centric design financial services Insurance mobile technology omnichannel customer experience 5G

What Financial Firms Want in Cloud Adoption Strategies

Information Week

Lead technologists from three financial institutions shared their infrastructure transformation needs at New York Enterprise Tech Meetup

The Future Of Financial Brands: Less Financial, More Brand

Forrester's Customer Insights

A new crop of challenger brands, such as Alibaba, Amazon, Apple, Google, Starbucks, T-Mobile, Tencent, and Walmart, are on the prowl in the financial services category. And that should have traditional financial brands worried — very worried.

Why 2019 Was Actually A Secret Success For Blockchain In Financial Services

CTOvision

Read Biser Dimitrov explain why 2019 was actually a secret success for blockchain in financial services on Forbes : Now, as most of the 2020 blockchain predictions have settled in and the year is near its end, let’s review the highlights in the enterprise blockchain and digital assets space, especially in the financial services vertical. […].

Confusion And Vendor Adolescence Stalls AI Innovation In Financial Services

Forrester IT

AI is a hot topic in financial services. And its easy to see why. Increasing margins on transactions, decimated by compliance costs and low interest rates, reaching new market segments, and automating routine tasks, makes AI innovation attractive. And in one sense, FinServ has always been about algorithmic innovation. There is no higher potential ROI than beating the market.

Finland’s OP Financial Group outlines digital ambitions

Computer Weekly

Chief digital officer at financial services group describes how new technology is fundamentally changing the business

Small businesses underestimate financial damage of cyberattacks

Tech Republic Security

The average breach causes an average of $149,000 in damages, yet most small-to-medium-sized businesses thought cyberattacks would cost them under $10,000, survey reports

Will financial advice be delivered primarily through Netflix-like subscription platforms?

Trends in the Living Networks

The ideas presented in the report include the rise of “fit-nance” tracking of holistic advice, financial advisors focusing on life coaching, and ubiquitous user ratings of advisors. Financial services Uncategorized

Invest In The Right Technologies To Develop Your Financial Well-Being Program

Forrester's Customer Insights

Putting financial well-being at the core of their strategy is critical to financial services firms’ ability to win, serve, and retain customers. In “The Forrester Tech Tide™: Financial Well-Being, Q3 2020,” we highlight 18 significant technologies.

Financial services companies are ahead in hybrid cloud deployments

Tech Republic Security

But 73% of financial companies are moving applications off the cloud and back on premises

The Advantages of a Faster Blockchain for Global and Financial Institutions

CTOvision

Read Zac Johnson’s article about why blockchain can provide speed and transparency for global and financial institutions on Influencive : Blockchain technology is becoming increasingly integrated into the mainstream, beyond the popular cryptocurrency market. Even traditional financial institutions, banks, investment companies, etc.,

Russian-speaking hacker targeting financial institutions

Computer Weekly

A Russian-speaking cyber criminal gang is targeting financial institutions in the UK, US and Russia, a Moscow-based security firm reports

Financial malware more than twice as prevalent as ransomware

Computer Weekly

While ransomware continues to make the headlines, particularly in the wake of WannaCry, research has revealed that financial threats are 2.5 times more prevalent

G7 sets financial sector cyber defence guidelines as attacks grow

Computer Weekly

G7 countries have agreed cyber security guidelines in response to concerns about the safety of interconnected global financial systems that are increasingly coming under attack, according to Symantec

GamesBeat Decides 158: Fall Guys, Nintendo financials, and Suicide Squad

Venture Beast

It's GamesBeat Decides 158, and Jeff and Mike packed this episode full of opinions about video games -- like why State of Plays are destined to disappoint. Read More.

86% of data breaches are conducted for financial gain

Tech Republic Security

Increases in hacking, phishing, and cloud-based attacks have been even more prevalent with the influx of remote work, Verizon found

The Effect Of COVID-19 On UK Consumers? Financial Well-Being

Forrester's Customer Insights

Even before the COVID-19 outbreak, our research showed that UK consumers were facing multiple financial challenges and were worried about their financial situation.

The Effect Of COVID-19 On Canadians? Financial Well-Being

Forrester's Customer Insights

Even before the COVID-19 outbreak, our research showed that Canadian consumers were facing multiple financial challenges and were worried about their financial situation.

Financial industry spending millions to deal with breaches in 2019

Tech Republic Security

A new study says financial services organizations experienced an average of 10 attacks a year and spent an average of $1.3 million to restore services after each DNS attack

Writing The Future Of Financial Advice

Forrester's Customer Insights

I have recently kicked off a new stream of research that will define what the future of financial advice will look like over the next 5–10 years and would like your input! are changing how financial advice is dispensed and how every aspect of investing is conducted.

Did Move 37 Signal The Impending Death Of The Financial Services Industry As We Know It?

Forrester IT

A couple of years ago I wrote a post predicting a new business paradigm for financial services. This week I spoke on "The Experience Economy" at a client conference where attendees were primarily from the financial services industry.

Emergent Risks in 2019 Facing Financial Services

Galido

Information Technology Blog - - Emergent Risks in 2019 Facing Financial Services - Information Technology Blog. The security of financial information has always been a cause for concern. The data that the financial industry collects grows vastly every year.

Financial services CIOs above average for digital focus

Computer Weekly

IT leaders in the financial services sector realise they must undergo digital transformation as existing business models become outdated

Should I Become a Data Analyst or a Financial Analyst?

Galido

Information Technology Blog - - Should I Become a Data Analyst or a Financial Analyst? If you enjoy working with numbers, analyzing, and solving problems, a career as a data analyst or a financial analyst could be perfect for you. What does a financial analyst do?

Cyber attacks cost financial firms up to £1.6m a time

Computer Weekly

The costs associated with cyber attacks on the financial sector are rising as organisations face increasingly sophisticated threats, research shows

Oracle Launches Financial Services Cloud

Data Center Knowledge

based financial services companies, the service integrates with other Oracle SaaS products Read More. Initially available to U.S.-based Cloud Computing Oracle

7 Steps to Financial Freedom

Galido

Information Technology Blog - - 7 Steps to Financial Freedom - Information Technology Blog. Everyone yearns for abundance and financial security, it is a human desire we all share. While we all have this in common, only a limited few ever actually reach true financial security.

Why financial planning asks more of CRM than other industries

IT Toolbox

The demands on CRMs from the financial planning and wealth management markets are greater than from other industries. This is partly the result of regulatory pressures but in addition, money management platforms need to continue to interact with clients at a highly granular level as both customers’ financial needs and the condition of public financial markets change.

Free Report From O’Reilly Examines Best Practices Financial Firms Use In Cloud Transitions

CTOvision

Stricter regulations and changing technology have forced financial services organizations to make major changes in the way they handle sensitive data. With a focus on engineering and infrastructure, this O’Reilly report examines the tools and best practices that leading financial firms are using to migrate data to the cloud, build customer event hubs, and adhere […].

Financial Service Firms Need To Stop Thinking Like Retailers On Personalization

Forrester's Customer Insights

Many financial services firms say that they are already delivering on personalization and view improving their personalization capabilities and technology further as a top priority.

Booz Allen Releases Annual Financial Services Cyber Trends for 2015

CTOvision

The Top Financial Services Cyber Security Trends for 2015: Third-party risk moves to the top of the list. Like other sectors, the financial services industry is a huge mesh of intertwined capabilities. As illustrated by numerous breaches this year, the security posture of critical third parties, such as the retail industry, can have a profound impact on financial services firms. By Katie Kennedy.

Four of the Biggest Financial Data Breaches of 2019

Galido

Information Technology Blog - - Four of the Biggest Financial Data Breaches of 2019 - Information Technology Blog. Perhaps not surprisingly, banks, insurance companies, and other financial-service firms are 300 times more likely to suffer from a cyber-attack than other industries.

Financial cyber attacks increase as malware writers join forces

Computer Weekly

Financial malware attacks increased 16% in the second quarter of the year, driven by collaboration between the developers of two banking Trojans in the top the financial malware threats, says Kaspersky Lab

Daimler Financial Services CIO Says: Don't Get Comfortable

Information Week

Daimler Financial Services CIO Udo Neumann says you may be successful today, but unless you transform and innovate, that success will be gone

How to Protect your Personal and Financial Information

CTOvision

It’s evident that the essential aspect in your network or personal computer is the data that you have created. The main reason why most people are in a network or possess a personal computer is to store their data in a way that can easily be accessible. Whenever you want to input protective strategies such […]. Cyber Security data protection data security protecting data