Efficiency Framework for Banks: Balancing Legacy Environments and Cloud Adaptation
COVID-19 has transformed even the most resistant banking consumers into virtual clients. There is an enormous pressure to move to cloud-based infrastructure while on the other hand, cybersecurity, safety, and compliance controls delay the adoption of cloud for most...
6 Steps to a sure transition from LIBOR: A compliance checklist
THE CURRENT STATE OF LIBOR TRANSITION LIBOR transition programs are rapidly gaining momentum among small, mid-size, and global enterprises, enabling them to be operationally ready in the absence of IBOR*. In the US, by the end of 2019, there were almost $250 billion...
Transitioning from LIBOR: Why organizations must act now
This article was co-authored by Mayank Gupta LIBOR (London Inter-Bank Offer Rate) was once regarded as the ‘most important number in the world’. In July 2017, the financial conduct authority (FCA) in the UK announced that banks will no longer be...
Harnessing the power of RPA for KYC: A modular approach
This article was co-authored by Mile Dragosavac. Financial institutions are obliged to perform know your customer (KYC) due diligence when on-boarding a new customer, and on a periodic basis with existing ones. The goal of periodic reviews is to keep information...
Transforming Anti-Money Laundering and KYC Controls with AI: Part II
In part I of this series, we learned about the background of KYC/ AML sector and understood the similarities and differences between AI, machine learning (ML) and robotic process automation (RPA). In this article we will explore the applications of these technologies...About this Blog
Welcome to the official blog channel from Infosys Consulting – a forum to bring our brightest subject matter experts close to you on real-time topics that are reshaping today’s business world. From views on the latest disruptive technologies to how companies can maximize the potential of their workforce, we want to hear your opinions on the topics we share. So, join in on the conversation and enjoy the perspectives.
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