Financial institutions have unique challenges in planning and executing their HR compensation and sales incentive processes. With compensation accounting for a large percentage of operating expenses, institutions are looking towards solutions that are capable of tackling their complex requirements. 

Annabel Fan, Global Head of Financial Services at beqom, shared her thoughts on what is top of mind for financial services today. 

Risk reduction

ZenCash, the privacy-focused blockchain platform for borderless, decentralized communications and transactions, has announced a comprehensive brand expansion to reflect the significant technical, commercial, and community developments the project has achieved since launching in May 2017. 

Synechron, Inc, the global financial services consulting and technology services provider, today announced an update on its award-winning Visual Risk Accelerator. The Artificial Intelligence (AI)/Machine Learning-enabled Accelerator is focused on improving the tedious, highly-manual insurance risk assessment processes so the underwriter can focus on more complex applications, with upwards of 80% of applications being automated.

Electronic trading in the US Treasury secondary market is evolving and shifting, as non-bank liquidity providers and dealers participate on venues that offer bilateral streaming on a disclosed basis.

Non-bank liquidity providers and some dealers are actively participating in venues that support bilateral streaming, according to a Greenwich Associates webinar, “U.S. Treasury Trading: Where We Go From Here.”

Finastra has been commended in the 2018 Princess Royal Training Awards. The honor is delivered to UK companies for their outstanding training and development programs, which have directly resulted in commercial success.

Global network provider BSO has announced new direct connectivity between London and the Tel-Aviv Stock Exchange (TASE), enablinginternational traders and members of the exchange to trade Israeli stocks without the need to invest in long-haul infrastructure. The agreement builds on BSO’s reputation as the leading low-latency connectivity provider to the emerging markets. The flexibility of BSO to adjust its low-latency connectivity ensures global investors can quickly access the Israeli market.

Diasoft, a provider of software solutions for the global financial services industry, and BTPN Bank, one of the largest retail financial institutions in Indonesia, have completed rollout of the Bank’s new digital front-office platform based on the cutting-edge Diasoft FLEXTERA Suite. The solution ensured countrywide support of the Bank’s front-end customer services, delivered to its retail, SME and microfinance customers via almost 500 bank branches.

Tensions are starting to show between CEOs, Boards and management teams when tackling digital transformation projects, according to some of Britain’s biggest businesses.

In a survey of 150 UK CEOs, it found that the majority said they were frustrated by short termism and the pressure from their Board to deliver results on multi-year digital transformation projects: 72 percent cited unreasonable expectations for return on investment related to digital transformation.

Baker Hill, a leading provider of technology solutions for common loan origination, relationship management, business intelligence and decisioning tools, has grown its new logo clients by double digits since the launch of Baker Hill NextGen, the company’s expert solution for lending, risk management and analytics.

Secutech Vietnam reached new heights as it closed its doors last week, having seen visitor numbers increase to an estimate of over 13,800 (2017: 12,097). Positive feedback from buyers and exhibitors alike also cemented the fair’s position as the ideal shop window into the regional security industry.