Financial Services Tech Forumhttps://idc-community.com/financial/financial-services-technologyIDC CommunityFound 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_mCognitive/Artificial Intelligence systems hold the power to transform insurance industry for goodhttps://idc-community.com/financial/financial-services-technology/cognitiveartificial_intelligence_systems_hold_the_power_to_transform<div><p>Insurance industry is currently on a digital mission to offer contextual and value-centric products and offerings to its customers driven by the change in customer and market expectations, technological disruptions, and the emergence of new kinds of competition <u>[<a href="http://www.idc.com/getdoc.jsp?containerId=EMEA42769517">Worldwide Digital Transformation Use Case Taxonomy, 2017: Insurance</a> (Doc #…</u></p></div>Sabitha MajukumarMon, 31 Jul 2017 07:20:01 -0400https://idc-community.com/financial/financial-services-technology/cognitiveartificial_intelligence_systems_hold_the_power_to_transformDelivering ‘Contextual and Value-Centric Insurance’: How can the industry gear up to meet the expectations of an ever-evolving market?https://idc-community.com/financial/financial-services-technology/delivering_contextual_and_value_centric_insurance_how_can_the_indust<div><p>Traditional business models of insurance carriers and intermediaries (agents/brokers) across the globe are challenged due to the change in expectations of customers and partners, technology innovations, regulatory demands, and sociopolitical and economic disruptions. The advent of semi-autonomous or autonomous vehicles, connected vehicles and…</p></div>Sabitha MajukumarTue, 11 Jul 2017 09:48:59 -0400https://idc-community.com/financial/financial-services-technology/delivering_contextual_and_value_centric_insurance_how_can_the_industExtended Uncertainty, a Delayed Brexit, and the Next Election — What Does the U.K. Election Mean for Brexit and the FS Industry?https://idc-community.com/financial/financial-services-technology/extended_uncertainty_a_delayed_brexit_and_the_next_election__what_do<div><p>Yesterday's election may have resulted in the worst possible outcome as it will extend the period of uncertainty given that all options — "hard Brexit," "soft Brexit," "no Brexit" — remain on the table. Taking stock this morning, however, the U.K. is headed into the most difficult negotiations in decades, with a hung parliament, a damaged prime…</p></div>Thomas ZinkMon, 12 Jun 2017 03:49:05 -0400https://idc-community.com/financial/financial-services-technology/extended_uncertainty_a_delayed_brexit_and_the_next_election__what_do