Financial Services Tech Forumhttps://idc-community.com/financial/financial-services-technologyIDC CommunityACT Conference 2018, Blog2: Virtual accountshttps://idc-community.com/financial/financial-services-technology/act_conference_2018_blog2_virtual_accounts<div><p>The need for LIBOR benchmark reform and alternative risk-free reference rates (RFR) from 2021 onwards, was also much discussed at the annual ACT Conference, alongside other prominent topics like <a href="https://idc-community.com/financial/financial-services-technology/act_conference_2018_blog1_blocked_chain" class=" WikiLinkType1">blockchain</a>, PSD2, rising interest in real-time payments and how they align with liquidity risk management, but for me the virtualisation debate was…</p></div>Neil AingerFri, 01 Jun 2018 05:11:18 -0400https://idc-community.com/financial/financial-services-technology/act_conference_2018_blog2_virtual_accountsACT Conference 2018, Blog1: Blocked chainhttps://idc-community.com/financial/financial-services-technology/act_conference_2018_blog1_blocked_chain<div><p>Use cases such as the Vodacoin tokenized crypto-currency that Vodafone experimented with to move money between 10 internal companies in a pilot to see if the technology could cut foreign exchange (FX) risk and provide other efficiency and speed benefits was mentioned as an example of how blockchain might help treasurers. </p><p>Other examples of…</p></div>Neil AingerFri, 01 Jun 2018 04:54:19 -0400https://idc-community.com/financial/financial-services-technology/act_conference_2018_blog1_blocked_chainInsurers Are Beginning To Embrace Open APIs To Tune In To The Evolving Digital Ecosystemhttps://idc-community.com/financial/financial-services-technology/insurers_are_beginning_to_embrace_open_apis_to_tune_in_to_the_evolvi<div><p>The ‘Open Banking Revolution’, triggered by the second Payment Services Directive (PSD2), will see new, API-connected services brought to European consumers around the traditional core financial services, creating a more holistic banking experience. It is not just the regulation that is pushing banks to deliver customer-centric products and…</p></div>Sabitha MajukumarFri, 26 Jan 2018 05:21:20 -0500https://idc-community.com/financial/financial-services-technology/insurers_are_beginning_to_embrace_open_apis_to_tune_in_to_the_evolviFound an Amazing Tool to Accelerate your DXhttps://idc-community.com/financial/financial-services-technology/found_an_amazing_tool_to_accelerate_your_dx<div><p>The term and notion of digital transformation is used extensively in banking and the media today, where every bank/FI is trying to prove their supremacy to be called a 'True Digital Bank'. Being digitally fit has not remained a business goal or destination anymore, rather, it has become a new way of being, working, and succeeding in the digital…</p></div>Anuj AgrawalTue, 05 Dec 2017 11:20:48 -0500https://idc-community.com/financial/financial-services-technology/found_an_amazing_tool_to_accelerate_your_dx"There is No Cool by Association" - Part 2 of my blog series on Sibos 2017https://idc-community.com/financial/financial-services-technology/there_is_no_cool_by_association_part_2_of_my_blog_series_of_sibos_20<div><p>Microsoft CEO Satya Nadella hit a nerve during the closing panel discussion at Sibos 2017 in Toronto when he said when it comes to succeeding in artificial intelligence (AI) there is no such thing as "cool by association." Organizations with ambitions to succeed in AI and machine learning (ML) will have to do their homework first, in this case…</p></div>Thomas ZinkWed, 15 Nov 2017 12:17:10 -0500https://idc-community.com/financial/financial-services-technology/there_is_no_cool_by_association_part_2_of_my_blog_series_of_sibos_20Sibos 2017: Open and Decentralized — FIs Are Starting to Get Their Hands Dirty - Day 1 to 3https://idc-community.com/financial/financial-services-technology/sibos_2017_open_and_decentralized__fis_are_starting_to_get_their_han<div><p>Open banking is clearly one of the dominant themes at Sibos 2017 in Toronto. But there are massive differences in how vendors position their strategies and the concerns banks voice about it. How will it affect my core infrastructure? What comes next? And where should we go with it? Most vendors are getting really excited about their open banking…</p></div>Thomas ZinkThu, 19 Oct 2017 11:54:31 -0400https://idc-community.com/financial/financial-services-technology/sibos_2017_open_and_decentralized__fis_are_starting_to_get_their_hanThe 2017 IDC FinTech Rankings - A Seismic Shift in IT Vendor Revenueshttps://idc-community.com/financial/financial-services-technology/the_2017_idc_fintech_rankings_a_seismic_shift_in_it_vendor_revenues<div><p>2017 marks the 14<sup>th</sup> year that IDC Financial Insights has conducted its FinTech Rankings research, a quantitative "state of the industry" measurement for financial services-based revenues earned by the top 125 technology firms globally.  The financial services industry is comprised of banking, insurance, and capital markets firms that buy hardware,…</p></div>Jerry SilvaSat, 14 Oct 2017 20:47:05 -0400https://idc-community.com/financial/financial-services-technology/the_2017_idc_fintech_rankings_a_seismic_shift_in_it_vendor_revenuesThe 2017 IDC FinTech Rankings – Leaders of the Digital Revolution in Financial Serviceshttps://idc-community.com/financial/financial-services-technology/the_2017_idc_fintech_rankings__leaders_of_the_digital_revolution_in_<div><p>Currently the focus is on transformation – what’s the strategy, who are the most qualified providers, and how do we get to the “Connected Financial Institution?” Digital Transformation (DX) is especially at the forefront of technology discussions, as it should be considering IDC believes that financial institutions will spend more than US$170…</p></div>Karen MasseyWed, 27 Sep 2017 12:58:30 -0400https://idc-community.com/financial/financial-services-technology/the_2017_idc_fintech_rankings__leaders_of_the_digital_revolution_in_Blockchain In Insurance Kicking Off A New Era Of Hassle Free Sales And Servicehttps://idc-community.com/financial/financial-services-technology/blockchain_in_insurance_kicking_off_a_new_era_of_hassle_free_sales_a<div><p>For an industry that is rooted on the principles of trust and utmost good faith, recent pilot projects involving <strong>blockchain</strong><span> </span>can be looked at as great ways to improve customer confidence and loyalty. After all, offering a friction-less/hassle free service at the ‘moment of truth’ in insurance (i.e. claims) is the real test of an insurer’s promise…</p></div>Sabitha MajukumarWed, 27 Sep 2017 08:31:54 -0400https://idc-community.com/financial/financial-services-technology/blockchain_in_insurance_kicking_off_a_new_era_of_hassle_free_sales_aIDC Introduces Four Agents of Technology Change in New Four Forces Model for DLThttps://idc-community.com/financial/financial-services-technology/idc_introduces_four_agents_of_technology_change_in_new_four_forces_m<div><p>We are at the beginning of a technological revolution. Blockchain technology has the potential to play a key role in the transformation of multiple industries such as financial services, manufacturing, retail, healthcare, government and energy to name a few.</p> <p>On November 8, I will be presenting the keynote at <a href="http://bit.ly/2xBXjwJ">Blockchain for Business and IT Leaders</a>.…</p></div>Wiliam FearnleyWed, 30 Aug 2017 10:37:57 -0400https://idc-community.com/financial/financial-services-technology/idc_introduces_four_agents_of_technology_change_in_new_four_forces_m