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The emergence of alternative data as a key enabler in expanding credit delivery and financial inclusion is unmistakable.
The saying that the only thing that is constant is change, is attributed to Heraclitus, the Greek Philosopher. This is so very relevant today in the way lenders use technology and scoring solutions to understand the credit worthiness of applicants. Credit Risk Management has come a long way from the days when banks used just one credit score cut off to…Continue
Added by Naagesh Padmanaban on March 25, 2019 at 11:15pm — No Comments
Bank of America CEO Brian Moynihan recently disclosed that its mobile customers grew by 2 million, touching 70 Million this year. Wells Fargo and JP Morgan Chase have already reported robust growth in mobile customers in 2014.
This rise in mobile banking users is welcome news for the banking industry. This growth is not limited to the US alone. Britain also, in the recent past, has seen an uptick in mobile banking users and the number is expected to reach 32.6 million by 2020 as per…Continue
Added by Naagesh Padmanaban on April 29, 2015 at 8:00am — No Comments
From all indications, 2015 is well on its way to becoming the year of cloud computing. The feverish pitch of activities at key players on one hand and the data as well as observations of industry pundits affirm this. There are apparently a handful of reason to keep the IT industry leaders awake at night.
For starters, per , 2014 revenues for cloud services grew by…Continue
Added by Naagesh Padmanaban on April 4, 2015 at 7:30pm — No Comments
Digital banking offers unprecedented opportunities both for banks as well as customers. It has provided banks breadth and ease in delivering their products and services to customers. As for customers, it has pushed service options and expectations to a new high. Given the opportunity spectrum, it is no surprise that banks have invested heavily in upgrading their digital preparedness. 2015 promises more investments in digital banking.
A definition of digital banking will be of help…Continue
Added by Naagesh Padmanaban on February 2, 2015 at 12:00am — No Comments
It is the time of the year when businesses take stock of their performance in the year that went by and also see what the New Year may bring in. How did the Analytics & Insights business fare in 2014 and what are the learning that can help us forecast performance in 2015? In review I think 2014, in spite of some hiccups, has been a great year for the business. Definitely the industry experienced greater acceptance of analytics across verticals as a vital tool in helping organizations…Continue
Added by Naagesh Padmanaban on January 12, 2015 at 9:12pm — No Comments
Post the financial crisis, banks in the US have faced increased regulatory scrutiny that has resulted in broader and tougher regulations. Bankers are fully aware of the investments and efforts they have to put in to comply with these regulations. Consequently, compliance function in banks is evolving towards a broader risk canvas that is now seeking tighter coordination between the first and second lines of defense. This poses new challenges to banks – from being compliant to getting the…Continue
Added by Naagesh Padmanaban on October 10, 2014 at 5:30pm — No Comments
In the last few weeks we have seen new products launched by IT majors that have the potential to greatly influence the fortunes of the Analytics and Insights business. IBM’s Watson Analytics and Oracle’s Cloud based Analytics are just two new solutions/ platforms that have hit the market. We can rest assured that many more such offerings will be launched in the coming weeks. As the products keep coming, they raise some important question for the analytics industry. What impact they will…Continue
A recent study by Accenture talks about the future state of banking in US by 2020. Thankfully, the study reports, US banks have emerged from the travails of a battered economy. Two important findings from the study stand out.
While we can debate the findings, the current activity stream at banks does indicate that…Continue
Added by Naagesh Padmanaban on May 25, 2014 at 9:00pm — No Comments
IT majors have been excited about the convergence of Social, Cloud, Analytics and Mobility (SCAM). It is widely believed that these will be the engines of growth in the future. Rightly so. N Chandrasekaran, CEO of TCS, India’s largest technology services provider, recently referred to the SCAM as "digital forces" and estimates that these digital forces would be a $3-5 billion opportunity in the next few years. A Gartner study has reported that the SCAM market will be worth $107 billion by…Continue
Added by Naagesh Padmanaban on April 8, 2014 at 4:00pm — No Comments
We all live in a digital world or rather ‘social digital’ world. This is because so many of us have taken to Facebook, Twitter and other social networking sites/tools that this has become an obsession to many.
Obviously, the huge social media traffic has provided companies an unprecedented opportunity to showcase and message themselves. Marketers and bankers have happily followed the traffic. Now every company has a social media strategy, mostly directed at messaging and feeling…Continue
Added by Naagesh Padmanaban on November 30, 2012 at 9:38pm — No Comments
What is an appropriate business engagement model for succeeding in the analytics business? This is a great question, but has no simple answer. This question seems to be on the minds of leadership in analytics service providers. What engagement model do you choose to build long term trusted relationships with your clients? What is unique in banking analytics space? In fact, this question also came up recently, rather unexpectedly, when I was having dinner with two old friends in beautiful…Continue
Added by Naagesh Padmanaban on November 3, 2012 at 2:10pm — No Comments