Could it get even harder to create an Enterprise Architecture (EA) Function plan that supports Financial Services organizations in delivering on business objectives? It’s not enough for Heads of Architecture or CTOs to create plans defining policies to govern how their organizations adopt technologies; architecture function plans must enable agile approaches to leveraging technologies for innovation while aligning to the Federal Deposit Insurance Corporation’s (FDIC) new regulation guidelines.
Property/casualty insurers work with regulatory reporting service providers to ensure data is in the proper format for regulators, advisory organizations, and statistical agents. Regulators use this data to assess insurer rates and rating plans and understand emerging issues.
Low-code/no-code platforms are a boon to companies looking for an internal product development approach that provides flexibility and agility for building their systems. They are a way to leverage technically savvy resources without the cost of full-fledged software engineers.
As the delta variant has contributed to rising COVID-19 cases in many regions of the country, insurers have been delaying or redesigning their return-to-office (RTO) plans. Those plans must now change further to take a new factor into account: vaccinations.
The past two years have highlighted that we live in extraordinary times. It may feel to many that we have lived the opening lines of Charles Dickens’s “A Tale of Two Cities,” as we’ve experienced both the best and the worst of times.
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