Tag Archives: financial services

7 Ways Wealth Management Firms Can Innovate

Innovation never stops. To keep pace with structural market shifts in the wealth management industry, it is essential to continuously introduce new technologies that can radically augment client experiences and support new business models’ viability. However, to fully harness the potential of digital acceleration, new technologies must critically address consumer needs to make wealth management […]

How Financial Firms Can Maintain Regulatory Compliance in 2022

Technology and data compliance go beyond not storing data publicly. It’s about maintaining a balance between the accumulation of data along with its proper documentation. Financial and wealth management firms in 2022 need to maintain a virtualized environment, encrypted data, and updated software on an ongoing basis. Keeping regulatory compliance with these practices will be […]

How Do You Make Regulatory Reporting Easier for Financial Institutions?

How Do You Make Regulatory Reporting Easier for Financial Institutions? Financial institutions around the world are subjected to strict scrutiny to combat money laundering, tax evasion, fraud, terrorist financing, and other illegal activities. Complying with the standards set by regulatory bodies comes with its own costs, a burden that financial firms have to shoulder. It’s […]

4 Things Financial Firms can do to Succeed Remotely

Financial firms are in the best position to succeed in a remote environment. Engaging with clients is easier than meeting in person and much of the work can be done regardless of location. Americans are slowly adjusting to working from home. As states begin to ease the quarantine restrictions some companies are declaring permanent remote […]

How the Cloud Keeps Data Safe for Financial Firms

A 2019 Global Wealth Study by Boston Consulting group reported financial services firms are hit by cyberattacks 300 times more than other companies. Financial institutions have a lot of sensitive data cybercriminals can monetize if accessed. That is why the financial services industry is so heavily regulated. The US has experienced huge breaches of consumer […]

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