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E.g., 2022-08-12
E.g., 2022-08-12
March 31, 2022
Throughout the last 12-18 months, the news has been filled with crisis after crisis. Of course, the COVID-19 pandemic has been the biggest story until very recently. The pandemic drove digitization across the economy, which has led to an increasing number of cyberattacks by cyber criminals for economic gain. It has also been a factor in isolating people globally; slowing down trade, supply...
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March 1, 2022
I recently wrote a checklist covering areas that need to be considered when deploying a new core system. The deployment of a new core system is no trivial decision. In many cases, financial institutions like banks have been using their existing core systems for 30 or more years. Many of these systems were originally developed in the 20th century and run on mainframes. While some were originally...
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February 25, 2022
On Tuesday, February 15, Aite-Novarica Group hosted the second quarterly meeting of our Financial Services CIO/CTO Advisory Research Council. Several financial services executives came together to discuss trends and challenges around core system modernization, return to office, and the war for talent. My colleagues CEO Kurt Reisenberg and Head of Banking and Payments Christine Barry also attended...
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November 19, 2021
With workforces and organizational data assets scattered globally and corporate networks being accessed remotely, the financial services (FS) industry is increasingly susceptible to cybersecurity breaches. In this dispersed environment, attackers target remote workers and unsecure personal devices by compromising identities to circumvent traditional network security policies. These cyberattacks...
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November 8, 2021
With the rise of the hybrid, work-from-home workforce and increasing global distribution of corporate information and network assets, financial services (FS) and banking organizations are rethinking how they can effectively protect data. FS chief information security officers (CISOs) are prioritizing implementation of zero-trust architecture (ZTA) because the traditional information security...
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November 1, 2021
Financial Services CIO/CTO Advisory Practice Has Launched Emerging technologies continue to disrupt traditional business models, and financial services (FS) organizations are challenged to make the right technology investments to achieve their strategic business objectives. To help organizations realize the full value of digital transformation initiatives, enterprise architecture (EA) is...
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November 1, 2021
Brian Casey and Benjamin Sykes of Locke Lord LLP and I discussed insurance regulatory compliance in a joint webinar on October 20th. Best interest regulations, DUAE ratings, and pandemic regulatory effects will all have implications for insurance technology in the coming months and years. Best Interest Regulations in the Life/Annuity/Benefits Space These regulations will place additional...
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October 7, 2021
Enterprise architecture (EA) is no longer an overhead function that primarily governs technical architecture; it is shifting to a strategic enablement function for business transformation. Digitalization of the banking, financial services, and insurance industry is transforming back-end processes and customer service delivery. In addition, accelerating digital transformation in all parts of the...
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September 28, 2021
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...
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June 2, 2021
Specialty insurers have traditionally made less use of automation than insurers in other sectors. They are now differentiating themselves in a competitive marketplace through investments in distribution (especially new business submission), product development, underwriting, and claims. The pandemic has spurred rate increases for most specialty lines. Most lines are seeing increased rates and...
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