Blog library

The future of banking — and banking regulation — is digital and AI-driven.Risks will increase, especially around crypto, fraud and bias in machine-made decisions.Upskilling of compliance officers and risk professionals is needed to function in this evolving environment and manage new risks.

Managing organisational change can be a difficult process regardless of the economic climate. Having multiple initiatives that require participation of several of the same employees is a breeding ground for burnout and employee attrition.Projects often ground to a halt.The best approach: By establishing a center of excellence to manage change — similar to an air traffic control tower — organisations can identify…

Over the last number of years, we have seen organisations shift to cloud computing, in its various forms. Successful adoption and consumption of cloud services have seen organisations benefit from improved cost-effectiveness, security, agility, resiliency and performance. However, with such a significant shift to new technologies, we have seen differing experiences in the benefits realisation of the shift to cloud…

An organisation’s ability to perform, adapt and thrive requires new talent strategies. CHROs and their teams should deploy HR variants of the data-driven, forward-looking FP&A approaches that finance groups employ.A key point: This may require fundamental redesigns of job roles and organisational structure.Yes, but: Organisations cannot solve today’s talent shortage problems with yesterday’s thinking of “Just…

Dramatic reductions in force are happening across industries as economic uncertainty leads companies to reevaluate labor expenditures.Why it matters: RIFs are costly to carry out and they damage morale. Handling RIFs with compassion is the right thing to do.RIF alternatives – furloughs, job sharing and compensation changes – can save money, enable swifter recoveries and reduce hits to morale.Organisations should…

By 2025, core banking workload deployment on cloud is expected to be 14% of total IT spend.Banks are grappling with outdated applications; data is siloed and trapped within legacy systems and not accessible for customer insights and tailored experiences and services.Regulatory changes in Australia, the UK and U.S., in GDPR and APRA standards for data privacy and operational resiliency, are also impacting the…

Technical debt consumes nearly one-third of technology budgets and more than one-fifth of technology professionals’ time; 70% of CIOs and technology leaders view technical debt as a major drag on their organisation’s ability to innovate.

Janna Anderson, professor of communications and director of the Imagining the Internet Center at Elon University, is the lead author of the report The Metaverse in 2040, published in partnership with Pew Research. She is a senior contract researcher for Pew and co-leads the center’s 19-year series of reports outlining experts’ predictions for the most likely future of digital life. The full report, released in late…

Financial reports released by the world’s largest mobile carriers in the first quarter show significant growth in fixed wireless access (FWA) customers – the clearest signal yet that 5G, which allows homes and businesses to connect to the internet through radio frequencies instead of cables, is gaining serious momentum.

The most important use of any risk assessment tool is that it must contribute to better decision making on how to manage individual risks. Whether that is treating and reducing risk, or accepting that risk exists, risk management activities must ultimately help management make better decisions. Executives and risk management leaders, though, are increasingly faced with risk decisions they have imperfect information…