Hyper-Personalized Customer solutions to engage with young inheritors
Race towards digital transformation to acquire more market share
Banks partnering with non-financial enterprises to create new product, services and distribution opportunities. e.g. : AI-Smart Beta ETFs, Tokenization of less liquid assets.
Way Forward (Opportunities)
GRC - Risk
Build stronger Data governance capabilities and practice
Develop a data-driven strategic tools and solutions for performant reporting & analytics
AI risk mitigation – collectively AI privacy, security and risk management for improved AI business outcomes
Augment tools and capabilities to identify and assess physical and transition risks as part of risk identification
Review “move to cloud” initiatives through the lens of operational resilience
Integrating LCT ( Low Carbon Transition) workflows into existing front office applications, for measurement, monitoring, & reporting
GRC - Compliance
Creation of horizontal value streams, serving various compliance vertical functions, to improve efficiencies – common technology stack (API / services-oriented architectures) & data pipelines
Application of Blockchain, Low code / No code frameworks, where possible.
Embedding ESG workflows and data collations into E2E Enterprise architecture.
Customer oriented Digitization characterized by application of new IT developments like social media, robo-advisors, cloud computing (vertical scaling).
Innovative solutions for emerging business use cases (e.g., Open Banking)