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Business Contiuity, Resiliency, and Risk Management programs are essential, as we’ve all experienced this last week. And we haven’t even begun to transform into an AI world yet. #ReputationRiskManagment and reputation planning are also more critical than ever as we rely more and more on technology, especially those with embedded third-party systems.

Are We Truly Prepared for a Completely Digital Financial Landscape? Recently, a global IT hiccup due to Crowdstrike's flawed update brought to light some serious weaknesses in our digital frameworks, impacting industries including aviation, healthcare, and finance. This episode serves as a stark reminder of how delicate cashless economies can be and the vital necessity for sturdy backup strategies, like cash. While we revel in the promised perks of digital convenience, the backbone of our financial systems hinges on dependable digital infrastructures. Disruptions experienced by the Bank of England and the ECB emphasize the critical need for meticulous planning and trustworthy alternatives in an entirely digital financial realm. https://okt.to/Te6qbO

The future of compliance: Emerging trends and predictions for 2024 2023 was a pivotal year in digital communications governance. In the US, regulatory bodies imposed hundreds of millions in fines, extending their reach from banks to broker-dealers, investment advisers, and credit rating agencies. Similar actions were observed in the UK, with regulatory bodies sanctioning banks and fining firms for non-compliance in trading communications. For 2024, Theta Lake predicts a broader regulatory focus on communications compliance. Here are its predictions for the year. Read the story here: https://loom.ly/sOC5nII #FinTech #RegTech #2024

We are sure you’ve heard about the digital euro project. While this initiative is still in the early stages of planning, many expect it to become a reality in the foreseeable future. But how will such a large-scale project influence banks, businesses, and consumers in the European financial ecosystem? In our new deep dive, we explore the prospect of the pan-European digital currency’s implementation and assess its potential benefits and challenges. Check out the full article for all the exciting insights! #paymentindustry #financialecosystem #payneteasy

According to Softcat plc Business Tech Priorities Report, a resounding 55% of financial organizations prioritize cybersecurity above all else for the coming year. In a digital era where consumers increasingly embrace online banking, the financial sector recognizes the paramount importance of safeguarding data. Yet, the persistent threat of sophisticated cyberattacks necessitates unwavering commitment and increased investment. As digitalization transforms banking and remote work becomes the norm, embracing emerging technologies while proactively managing associated risks becomes imperative. Learn more in this article: https://lnkd.in/ek4fx-cp #fintech #financialplanning #financialmanagement #forcasting #aidriven

According to a Mastercard Data & Services report, the success of a financial institution’s target operating model will likely depend on effectively addressing four key trends in today’s macroeconomic environment: 🔸 Profit maximization: With competition for investor capital tightening, profitability is now stealing growth’s spotlight. 🔸 Digital transformation: APIs are increasingly handling connections, regardless of the nature of digitization. 🔸 Partnership-based innovation: The focus has shifted from head-to-head competition to partnership-based competitiveness. 🔸 Operational security: Financial institutions may be tempted to treat fraud and cybersecurity separately, but any distinction is blurred at best. Discover more insights on operational efficiency and compliance at https://lnkd.in/dCEiNH5R. #FinancialInstitutions #MastercardEmployee

Last week's CrowdStrike-caused outage, hailed by Elon Musk as "the biggest IT fail ever,” has had far-reaching consequences across multiple industries. Widely reported as the largest #cyber blackout in history, it's being projected that there will #billions of dollars in economic damages, with 8.5 million computers globally impacted. Everything from #ecommerce #banking #travel #legal #housing #broadcasting #healthcare were significantly impacted. Including giant brands Amazon, Delta Air Lines , Bank of America, Sky, UPS, Starbucks and Visa among many others. I along with some outstanding industry specialists below were asked by The Fintech Times "What Can We Learn From Payment System Failures and Global IT Outage?" With insights from: 🗣️Dafydd Vaughan, CTO at Public Digital 🗣️Alex Reddish, managing director at Tribe Payments 🗣️Alina Timofeeva, board member at BCS, The Chartered Institute for IT 🗣️Carol L. Grunberg, chief business officer at Yuno 🗣️Michael Levens, head of data, technology, automation and testing at Delta Capita 🗣️Kate Needham-Bennett, senior director of resilience innovation at Fusion Risk Management Read More 👉 https://lnkd.in/edgKYH89 #CHAPS #Payments #Microsoft #ai #cloudinfrastructure #consumerimpact #financialservices

Unlocking Growth and Resilience: The Power of IT Services in Financial Services! In the dynamic world of financial services, the role of Information Technology (IT) services cannot be overstated. Here's a glimpse into the key benefits that IT services bring to the table for financial institutions: 1. Efficiency Boost: IT services streamline operations, automate routine tasks, and enable financial organizations to operate with unprecedented efficiency. Faster processing, fewer manual interventions – a recipe for enhanced productivity. 2. Fortifying Cybersecurity: In an era of evolving cyber threats, IT services fortify the digital fortress of financial entities. Robust security measures, encryption, and threat detection systems ensure the protection of sensitive financial data. 3. Data-Driven Decision Making: The ability to analyze massive volumes of data swiftly and accurately is a game-changer. IT services empower financial companies to make informed decisions, manage risks, and comply with regulations through data-driven insights. 4. Elevating Customer Experience: Digital transformation through IT services brings forth user-friendly interfaces, online banking, and mobile apps, contributing to an enriched customer experience. Convenience is the new currency in customer satisfaction. 5. Strategic Compliance Management: Meeting regulatory requirements is non-negotiable in the financial sector. IT services play a pivotal role in establishing robust systems for data governance, reporting, and compliance monitoring. 6. Cost Optimization: Automation, digitalization, and streamlined processes lead to cost savings. Financial institutions can allocate resources more efficiently, contributing to overall cost optimization and strategic financial management. 7. Innovation Drive: Embracing the latest technological trends propels financial services into the future. Artificial Intelligence, blockchain, and machine learning aren't just buzzwords – they're catalysts for innovation and a competitive edge. 8. Risk Management Excellence: IT services provide sophisticated analytics and modeling tools for assessing and managing risks. This is crucial for prudent risk management in investments, loans, and overall portfolio management. Conclusion: In an industry where precision, security, and innovation are paramount, IT services are the driving force behind transformative change. They're not just tools; they're the foundation for growth, resilience, and a future-ready financial landscape. #Zyneto #ZynetoGlobal #ZynetoGlobalTech #ZynetoGlobalTechnologies #FinanceTechnology #FintechInnovation #ITInFinance #TechSavvyLeadership #InnovateOrDie #TechLeaders #BusinessResilience #AIInFinance #BlockchainRevolution #TechInBusiness #FinancialInsights #BusinessIntelligence #FutureTech #DataSecurity #FintechRevolution #CloudSolutions #TechSolutions #GlobalFinance #DigitalRevolution #FinanceLeadership #SecureBanking #TechnologyInnovation

For the tenth consecutive year, Broadridge Financial Solutions has been included on IDC's FinTech Ranking Top 100 list for 2024. Broadridge maintains its #3 ranking on this year's list. https://lnkd.in/dcXcyHwg #TechNews #StayInformed #StayAhead #dailydose #followus #staytuned #stayconnected #technews #technology #trending #trendingnow #trendingnews #explore #explorepage #techdogs

#Technology evolves rapidly, and so do trends in financial services!🧑💻🦾 It is now crucial for CFOs to be aware of the trending technologies and stay ahead of the curve. Here are four of the most important financial services trends for the coming year.