Home › Resource library › White papers › Industry trends opportunities Industry Trends & Opportunities Share Trends GRC - Risk Financial Risk Banks are racing to meet regulatory timelines Market Risk – FRTB Credit Risk - Basel3 Reforms Minimum haircut floors for SFTs Securitizations of non-performing loans Disclosures on Sovereign exposures, Asset encumbrance, comparative on Standardized vs Modelled RWA Non-Financial Risk Cybersecurity risk mitigation – a key task for CIOs Focus on Explainable AI Climate Risk BCBS’s Principles for the effective management and supervision of climate-related financial risks GRC - Compliance Rising volume of work in financial and non-financial risk management and reporting. Regulators’ demand for near-real-time evaluation of risks & reporting ESG - Concerted efforts by major standards authorities to converge and simplify ESG reporting. Investment Management (Hedge Funds + Wealth Managers + Private Capital) Greatest Wealth transfer to younger generation over the next two decades Effective Omnichannel Management – Services standardized across all channels Implications GRC - Risk Need for real-time risk reporting (T+0 / t+1) Matured data pipelines with accurate, complete and timely data (BCBS guidelines) F2B Data Lineage capability Overarching NFR policy guidelines instead of handling NFR in silos within each risk stream ( Operational Risk, IT risk, Conduct Risk etc.) Integration and digitalization of nonfinancial risk controls, monitoring and reporting Unified security management across cloud & on-premise data centers ERM & risk appetite framework for sustainability risk, leading to Climate Risk Transition strategy in all LOBs IGRC - Compliance Increased compliance effort Fragmentation of controls across LOBs, disconnected systems, and changing legal requirements Divergent ESG reporting standards shall defer efforts to E2E automate the operation workflows. Investment Management (Hedge Funds + Wealth Managers + Private Capital) 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. Investment Management (Hedge Funds + Wealth Managers + Private Capital) 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) Thank you for submitting the form.