Compliance

Reviewing the Cloud Deployment Models

More and more organizations are moving towards cloud technologies for scalability, cost reduction, and new service offerings. Let's review the cloud deployment models: Public Cloud- Cloud computing services from vendors that can be accessed across the internet or a private network, using systems in one or more data centers, shared among multiple customers, with varying [...]

By |cloud computing|

Effective Risk Management in Digital Transformation

As organizations progress along the path of digital transformation, proactive risk mitigation becomes a higher priority. This implies that as business leaders manage the priorities of security, agility and operational efficiency, they become better placed to embed risk mitigation into the entire stack. Organizations that have progressed their digital transformation plans are more inclined to [...]

By |Compliance|

Application performance monitoring (APM): aligning business and technology in financial services

Today, almost every activity in a financial services business – trade execution, settlement, clearing etc. – is linked to at least one application and an underlying IT infrastructure. Aligning the two, business and technology, is therefore central to the success of market participants, from stock exchanges to broker-dealers. Monitoring tools can enable business and technology [...]

Meeting Regulatory Compliance In Finance

As automation speeds up database development and reduces costly downtime, strict database regulatory compliance in finance is preventing organizations in this sector from adopting these practices.With the recent fast-paced wave of regulation, financial institutions need a tool that helps them achieve compliance and combat regulatory constraints. Challenges Presented by Strict Regulatory Compliance The task of [...]

AI, Deep Learning, and Financial Services

AI, Deep Learning, and Financial Services The adoption of AI applications in financial industries is partly driven by the amount of data available. The increasing availability of storage and mandates requiring longer record retention have recently led to a massive increase in stored financial data. This data can now easily be used by deep learning [...]

Big Data Analytics Provides a Golden Opportunity for Banks

Banks and financial institutions are constantly collecting our personal data whenever we transact with them. The result being that these organizations hold vast amounts of data, often lying dormant. In recent years banks and credit unions especially, have started to wake up and are mining this data to extract behavioral and spending information. However, this [...]

By |Big Data Analytics|

An executive’s guide to software development

In his 2013 message to GE shareholders, CEO Jeffrey R. Immelt wrote, “We believe that every industrial company will become a software company.” Last year, he doubled down, moving GE’s corporate headquarters from Fairfield, Connecticut, to Boston, in large part to lure world-class software engineers in the area. GE is not alone in upping its [...]

How Analytics Is Aiding Banking Compliance

Regulations are costly and time consuming for banks, and they need to stay on top of their data. Banks struggled to put this information together, highlighting a complacency and malaise that likely exacerbated the problems of the crisis. Lehman Brothers’ collapse heralded the beginning of a new era of regulations, though, with Dodd Frank, which [...]

By |Analytics, blog, Compliance|

Balancing Agility And Risk At US Bank

Balancing Agile and Risk Mitigation As a heavily regulated financial institution, U.S. Bank is rightfully risk-adverse. Nevertheless, it must balance day-to-day operational risk with the strategic risk inherent in not changing quickly enough, and thus losing its competitiveness in today’s turbulent digital environment. Achieving this balance depends in large part on the software development organization, [...]

By |blog, Compliance|

The 3 Compliance Questions to Ask

As companies move to cloud, they require more certainty around export compliance. Of the many complexities associated with cloud computing, export compliance laws arguably are some of the thorniest. From a legal and technical perspective, the export compliance laws currently on the books—as they vary from country to country—can make even the savviest and most [...]