Banking on Technology for Innovation in Banking and Financial Services

The compliance and regulatory needs of financial institutions are constantly evolving, driving the adoption of artificial intelligence (AI) and other powerful tools to detect and prevent risks such as fraud, money laundering, and cyberattacks with greater efficiency and effectiveness. To do this, it is crucial to utilize high-quality, trusted data that is fit for purpose. This is accomplished through the rapid discovery and classification of data, as well as the continuous automation of quality assessment.

In this webinar, we will delve into the intersection between technology and compliance in financial services and examine the latest trends and developments that are reshaping the industry.

Learning objectives:
- Overview of technology trends in financial services
- How to successfully automate compliance
- Data discovery and classification for AI modeling
- Continuous quality assessment of data
- Strategies for increased cyber resiliency

The cyber-criminal community is a rising threat to financial services firms and their increasing professionalism and coordination across the globe has been highlighted by the increase in the number of attacks across the sector. Ransomware in particular has increased in prevalence as an attack vector, spawning ransomware as a service to become a new threat. Regulators across the globe are rightly focusing on the need to bolster resilience and reduce operational risk to combat this threat, with many new regulations and guidelines on the horizon for capital markets firms.

Listen to the webinar to learn:
• The current realities when it comes to addressing the threat of ransomware, including how prevalent these attacks have become in financial services.
• How to effectively address cybersecurity and data risk from a proactive and defensive approach to attacks – stopping cybercriminals from gaining access to key systems and data.
• How to deal with attacks that are successful and recover rapidly, thus meeting the requirements of clients and regulators around operational resilience.
• How to build cross-functional teams to address the need for more robust cyber resilience strategies.

Agility is one of the standout technology priorities for retail banks this year. While the operating environment remains challenging, many banks are focusing on how to move at pace to capitalize on new opportunities - and funding innovation is a major strategic driver for banks across all regions.

In this webinar, Kieran Hines (Principal Analyst, Celent) and Gregg Strydom (Senior Director, Product & Solutions Marketing, Hitachi Vantara) explore the critical technology priorities and investment areas that are shaping the future of retail banking.

Key Takeaways:
- What challenges do retail banks face today, and what does this mean for their technology strategy?
- Which technologies and product areas top the agenda for investment in 2023-4?
- Looking to the future: Which technologies do banks expect to be most transformational in 5 years?
- What to consider when choosing a technology partner?

With the scare of a Silicon Valley Bank-led financial contagion averted, operational risk has returned to the forefront of chief risk officer (CRO) and risk management priorities.

Regulatory focus on operational resilience is highlighting the need for decisive, coordinated responses to new threats that are executed quickly across the organization. Firms are focused on next-generation data management techniques to support artificial intelligence (AI) enablement in risk. Financial crime compliance—anti-money laundering and know your customer (KYC)—is being transformed through the broad adoption of machine learning and early use cases for generative AI.

All this is making digitizing the risk back office a continuing priority and a central driver for risk technology investment through 2023 and beyond.

In this webinar, Ian Watson (global head of risk, Celent); Neil Katkov (director, risk, Celent); and Jeff Lundberg (Principal Product Marketing Manager, Hitachi Vantara) explore the critical technology priorities and investment areas that will shape the future of risk and compliance in financial services.

Key takeaways:
- When it comes to risk and compliance, what are the biggest priorities for CROs and what does this mean for their technology strategy?
- Looking to the future: How will technology alter the risk landscape for financial institutions? How will the risk landscape alter technology priorities for the next 3-5 years?
- Which risk and compliance technologies and product areas top the agenda for investment in 2023-24?

In-depth roundtable discussion for banking and financial services leaders, exploring critical challenges and risks regarding operational resilience and business continuity. We’ll examine real-world case studies and share insights on how to fortify your institution against disruptions, including cybersecurity threats, while meeting stringent regulatory requirements. Participants will learn proven, actionable strategies to enhance adaptability and preparedness. To not only weather uncertainties, but to thrive in a landscape of perpetual change. Topics covered will include the crucial role of internal auditors, who bear responsibility for regulatory outcomes, the severe consequences of downtime and service failures, including material loss, poor customer experience and erosion of trust and much more.