Key Performance Indicators (KPIs) are measurable data points used to track performance against a specific set of goals. KPIs should be aligned with core business objectives and, if used correctly, can act as a valuable tool when demonstrating how effectively these objectives are being met. Developing KPIs can certainly be a challenging task but a firm understanding of the common pitfalls involved in their development can make this task easier.
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Financial Services Industry Leading Blockchain Adoption
You may have heard of bitcoin and even own some form of digital cryptocurrency or bitcoin Exchange-traded Fund (ETF) launched recently. Cryptocurrency is shaking up the financial world by making it possible for parties to exchange money without the need for intermediaries like banks and exchanges. However, you may not be as familiar with blockchain, the technology that underlies cryptocurrencies and is increasingly being used in ways that range from trading, lending, payment, contract management, and inventory management in the supply chain.
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Breaking Down Complexity to Initiate a Project
Organizations routinely launch ambitious change projects that are inevitably riddled with complexity. A digital transformation of the front-to-back customer experience, the introduction of a complex testing program impacting multiple systems, or a new regulation that requires legal entity restructuring, to name a few. Such immense projects can seem overwhelming given the various intricacies involved and the seemingly endless roadblocks.
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The Future of Loan Operations at Global Financial Institutions
Over the last 25 years, the wholesale lending market has seen a tremendous uptick in change, innovation, and growth within the global financial services sector. Once a straightforward business model of borrowing and lending (i.e., ‘traditional lending’), is now multifaceted. In today’s market, trillions of dollars in loans are underwritten, traded, and used for hedging purposes globally every year.
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The Rise of ESG: Preparing Financial Services Firms for a Transformational 2022
The past year has seen a pandemic of unprecedented proportions, increasingly frequent natural disasters, and immense social upheaval. In the last thirty days alone, a hurricane has decimated the coastal South, massive flash flooding has inundated the Northeast, and wildfires have continued to ravage the West Coast. While climate catastrophes have become commonplace, the unanticipated operational challenges posed by the COVID-19 crisis have taken the financial services industry by surprise, and it’s not the only major change that the financial sector has had to reckon with in recent months. The impending arrival of significant regulatory changes around climate risk, updated sustainability frameworks, and calls for social engagement have all thrown the importance of environmental, social, and governance (or ESG) considerations into sharp relief.
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Achieve Data Management Success through Data Quality
Digital transformation has gradually become a priority in the financial services industry over the past two decades, and business interruption due to the Covid-19 pandemic has served only to accelerate it. With digitization, data has become the backbone of the financial system. Financial institutions have put great focus on adapting data architecture and business strategies to the changing economic environment and to innovative technologies over the past few years.
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