Introduction to Governance standards COBIT, as the acronym for Control Objectives for Information and Related Technologies, is a framework for the governance and management of enterprise information and technology, aimed at the whole enterprise. Enterprise I&T means all the technology and information processing the enterprise puts in place to achieve its goals, regardless of where […]
In recent years, there has been a major change in the world of international trade and finance. Commercial banking has found itself at the leading competitors of these revolutionary movements due to technological advancements, altering regulatory regimes, and shifting geopolitical dynamics. This essay goes into the opportunities and difficulties these fundamental aspects bring as they […]
Advanced technology, global pandemic, changing employees’ expectations and talent shortage challenged organizations in recent years with the fundamental question “How do we plan for future”? Simultaneously employees are insecure whether they will have secured jobs within the next 10-15 years or how to upskill to achieve stable incomes in the future. Beyond that there is […]
According to the Pulse of the Profession® 2023 report prepared by Project Management Institute, collaborative leadership, communication, problem-solving and strategic thinking are the four highest-ranked power skills. Additional power skills needed for project management professionals include relationship building, adaptability, innovative mindset, accountability, empathy, discipline, for-purpose orientation, future-focused orientation and leadership. Many of these desired skills […]
Background: Reserve Bank of India has been relentlessly working in the direction of enabling a digital payments ecosystem in the country. In this direction, RBI under its guidance and with support from Indian Banks Association (IBA) enabled the formation of National Payments Corporation of India (NPCI) as an umbrella organization for all retail payments system […]
Scaled Agile Framework defines Business Agility as the ability to compete and thrive in the digital age by quickly responding to market changes and emerging opportunities with innovative, digitally enabled business solutions. But we can ask – WHY are we focusing on the innovations? WHO are we really working for? WHO should we always have […]
Digital On-boarding: In banking, digital onboarding is an automated process that gives customers access to financial products and services. This may include opening a bank account, taking out a loan, or simply creating an account with a digital bank. Digital transformation in on-boarding process: In recent technology environment, the banking industry across the globe are […]
Agile is not a framework or a method. It’s a mindset built up around 4 core values and 12 principles. The agile values and principles are valid within any business domain and allow to “be Agile”. Deep understanding of agile values and principles simplifies “doing Agile”, means effective use and mastering of agile practices e.g. […]
Customer onboarding – the need The customer onboarding process is the first touch point through which a prospective customer forms impressions about an organization. Today the major challenge financial services firms face is Customer Management. Managing customer expectations from the time of onboarding is going to be a key differentiator for these firms to achieve customer […]
xVA The multitude of costs and risks faced by banks in their OTC derivatives trading operations – outside the typical risks of a Trading Book – have led to the adoption of various xVAs, (‘valuation adjustments’) aiming to bridge the gap between fair and actual value. Practitioners often refer to these VAs as ‘components’ of […]