Banking Domain
Banking - Industry Knowledge & Dynamics
Looking for knowledge and key business information on the banking industry?
TechnoFunc brings to you banking industry overview, business model, value chain, competitive landscape, and latest trends. Industry knowledge for IT & consulting professionals, consulting firms, industry investors, and all other interested folks in a condensed user-friendly format. Quickly enhance your business acumen in the banking domain and impress your stakeholders in your next meeting!
Compliance/Regulatory Risk – Example - Basel III
Basel III is an internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09. The measures aim to strengthen the regulation, supervision, and risk management of banks. Basel III standards are minimum requirements that apply to internationally active banks. Members are committed to implementing and applying standards in their jurisdictions within the time frame established by the Committee. Understand the key considerations of Basel III for a banking institution.
Technology Risk – Example Banking IT
As per a recent study, on an average bank spends 10% of its revenue on IT Costs. IT and IT cost structure play a decisive role in the performance of any bank. This article examines the challenges around ensuring the effectiveness and efficiency of IT Spend. How to ensure that spending on IT translates into increased operational efficiency. Banks face greater risk if there is a misalignment between business and IT strategies. Technology risk holds strategic, financial, operational, regulatory, and reputational implications
Impact of Social Media in Banking
The high distribution of social media in the private environment drives banks to deal with the application possibilities, opportunities as well as threats posed by social media. Social media marketing has increased due to the growing active user rates on social media sites. As social networking becomes more popular among older and younger generations it becomes imperative for banks to understand the opportunities and potential threats from Social Media.
Migrating banking customers to digital channels
As banks are moving to new digital channels like the internet banking and mobile banking applications, they’re able to offer better customer engagement while lowering their operational costs. The modern-day customers are inclining towards the online banking channels more than ever. Still, for large traditional banks the penetration of customer based to online banking is still very low. This article discusses strategies adopted to overcome this problem.
The Opportunity of E-signatures in Banking
An electronic signature also called e-signature refers to data in electronic form, which is logically associated with other data in electronic form and which is used by the signatory to sign the document. The legal standing of this type of signature depends upon adherence to the exact requirements of the specific regulation under which it was created. If allowed, it could replace a handwritten signature. E-signature may find a lot of usage and acceptance in banking because of convenience, security, and business continuity. Read more to understand challenges around using e-signature in banking and some ideas to effectively use this technology.
