How to Simplify and Innovate Banking complexity is under renewed scrutiny, as regulators and industry leaders examine the risks posed by outdated systems, manual workflows, and siloed data. Banking technology spending continues to rise, yet innovation budgets remain constrained. This paradox is costing the industry billions annually and slowing down progress. Banks spend more than 10% of their revenues on technology , one of the highest ratios across industries, according to

In delegated authority, technology isn’t just “software.” It’s the backbone of your underwriting operations. It helps you ingest bordereaux, standardize data, route exceptions, and produce the evidence that your stakeholders (and regulators) expect. The Evolving Landscape of Automation By 2026, the expectations have shifted again. The study, The Value of AI in the UK: Growth, People & Data , produced with SAP and Oxford Economics, validates that the average UK business is alr

The Persistent Human Cost of Data Exchange Failures in Financial Services Exploring the Hidden Costs: The Impact of Data Exchange Failures in Financial Services Introduction Data exchange sits at the heart of financial services because every trade, claim, and underwriting decision depends on the smooth movement of structured information between organisations. Although the industry has made considerable progress in modernising technology, firms still struggle to ensure that bo

Find out how creating a process library can be a valuable asset to any business Businesses are slowly starting to realise the benefits of mapping processes and creating processes, however, the documentation sometimes ends up neglected and sitting on a shelf, never to be seen again. This is why a process library is so important . Keep Things Accessible A process library needs to be accessible for everyone. It can help the business reduce inefficiencies, keep costs down and sta

Improve decision-making, expand on processes and explore new opportunities.

The Failure of Silicon Valley Bank The California-headquartered Silicon Valley Bank, known for helping founders, innovators and start-up companies get started in growing a business has recently failed on March 10th 2023 following a number of hapless investment decisions. U.S. regulators have shut down the bank, in what is the country’s second-largest failure in banking. The bank was popular with tech start-ups, and had built its entire business and services on supporting thes