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Results: Reports: 241 found, Exhibits: 862 found, Presentation & More: 105 found

                                        

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Spreadsheets in Financial Services: The Last Mile (or Milewide Gap) in Risk Management
Analyst Author: Rodney Nelsestuen | February 22, 2010

Many financial services institutions have literally thousands of spreadsheets in use with very little control over their use, quality, or content. The financial services industry as a whole must soon address the paradox that exists where sophisticated risk management data and analytics are entrusted to a variety of staff with a wide range of expertise, each using an unknown number of uncontrolled, ubiquitous, and important spreadsheets from which the institution makes critical business decisions. This Note should be read in conjunction with Research Note V62:05B, Spreadsheet Controls: Gaining Clarity in Technology Selection, in which a number of vendor solutions are reviewed.

Spreadsheet Controls: Gaining Clarity in Technology Selection
Analyst Author: Rodney Nelsestuen | February 22, 2010

Spreadsheet management and control technologies fall into two categories: applications and platforms. Each has merits for a financial services institution and should be considered, depending on the FSI's overall goals in establishing controls. Most applications augment or improve spreadsheet usage and operational performance, efficiency, accuracy, and reliability of spreadsheets for end users. As compared to applications, platform spreadsheet controls have added dimensions and scope for managing spreadsheets. This Research Note examines several vendors of spreadsheet management and control technologies and describes the key features and range of solutions available in the market.

Global Stress Testing: Certain Mandate, Uncertain Value
Analyst Author: Rodney Nelsestuen, Bob McDowall | February 15, 2010

The year 2009 saw the first open public demonstration of risks facing the financial services industry as global regulators required stress testing to a specific set of economic inputs. Standard scenarios driven by regulators are insufficient to any given firm, though. Leading FSIs are establishing or expanding their capabilities for stress testing and weaving it into the fabric of their business decision making. Global differences in stress testing requirements increase the likelihood that test results in one part of the industry will lack coordination with test results in other parts, begging the question of whether anyone has a clear view of systemic risks.

(Insert Your Idea Here) as a Service: Cloudy Future for a "SaaSy" Upstart?
Analyst Author: Rodney Nelsestuen | January 25, 2010

Much of the recent onslaught of prognostications about hot trends in cloud computing is hype. In this Research Note, TowerGroup nonetheless cautions that ignoring cloud computing will put financial services institutions behind the curve with regard to IT cost, speed, and functionality over the next five years. The report warns against moving mission-critical functions to cloud providers without addressing security and compliance concerns by means of sound governance. It also discusses opportunities for IT vendors to serve new markets by offering existing products as variable, on-demand services and to fill the gaps in security and regulatory compliance in today’s cloud model.

2010 Top 10 Business Drivers, Strategic Responses, IT Initiatives in US Mobile Banking and Payments
Analyst Author: George Tubin, Brian Riley, Andy Schmidt | January 11, 2010

The economic recession has curtailed investment in mobile banking and payments solutions in the United States. Financial services executives sense the intrinsic value of mobile, but TowerGroup believes most will proceed cautiously as the market demand for mobile commerce continues to evolve and the technology solutions become more mature. This Research Note provides TowerGroup's insights on what lies ahead in 2010 in the consumer market for mobile banking and payments by identifying the 10 most important business drivers for the industry and defining the essential strategic responses and technology priorities.

International ACH Transactions: Squeezing the Anti Money Laundering Balloon
ViewPoint Report: Analyst Author: Andy Schmidt | December 14, 2009

The focus of this TowerGroup ViewPoint is NACHA's International ACH Transaction (IAT) rule. According to NACHA, IAT is the result of a convergence of several anti-money laundering requirements, including Special Recommendation VII of the US Financial Action Task Force on Money Laundering, EU Regulation 1781, and Canadian Regulation C-25, which require the inclusion of certain identifying information within cross-border payments. TowerGroup believes that IAT is part reaction, part overreaction to the global crime of money laundering and will cost global financial firms millions of dollars in one-time and ongoing compliance costs.

Emerging Consumer-Facing Technology Trends: Change Is the Only Constant
Analyst Author: George Tubin, Justin Bomberowitz | November 30, 2009

Consumer-based financial institutions will be increasingly challenged to provide the advanced technology demanded by today's and tomorrow's clients and prospects. Numerous new technologies have proven their worth, at least in customer adoption and acceptance, while many others remain questionable. The focus of this TowerGroup Research Note is to identify and assess the capabilities that can create differentiated value in financial services and are worth considering now.

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Mobility in the United States: The Time for Value-Added Services Is Now
Analyst Author: George Tubin, Brian Riley, Andy Schmidt | October 12, 2009

Mobile banking is an increasingly important part of financial services, with consumer adoption approaching 10 million users. Its evolution will have long-lasting implications as the industry begins the transition from basic online banking functions to more cohesive solutions that incorporate mobile payments. This TowerGroup Research Note provides an overview of the mobile payments ecosystem, examines various value-added services that can increase the usefulness of mobile payments, and discusses what financial services institutions and vendors will need to do to bring robust mobile financial services to market.

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2010 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Financial Crimes Management
Analyst Author: George Tubin, Rodney Nelsestuen | October 12, 2009

Most financial services institutions respond to financial crime defensively or for regulatory compliance purposes, but leading institutions are taking a proactive approach. This TowerGroup Research Note describes how FSIs can manage the complexities of rapidly changing fraud risk with new technologies that provide a marketplace edge. Despite fatigue or disenchantment with "enterprise" projects, leading FSIs are adopting an enterprise approach to financial crimes management using new fraud management solutions integrated with enterprise-wide risk management. A bonus and primary driver for some institutions is the resulting cost savings from eliminating duplicate effort.

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Traversing the Rocky Road Out of the Global Financial Recession: Stop Waiting for the Tip!
Analyst Author: Rodney Nelsestuen, Bob McDowall | October 5, 2009

Traversing the rocky road to a sustainable economic recovery will require collaboration between governments, regulators, technology vendors, and most important, financial services institutions on a few bold steps. This TowerGroup Research Note analyzes the strategic business framework and proposes steps that each of these stakeholders must take in helping the global financial services industry recover from its long and obscure night of crisis and recession.

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TowerGroup Live (Recording) The Top 10 of the Top 10 for 2010 (PDF 839 Kb)

Presented by: Jim Eckenrode and Rodney Nelsestuen

Instability within the global financial services industry is now entering its third year, with some hopeful signs, but much work left to do. Finance ministers of the world’s major economies continue to wrestle with the challenges of harmonizing and modernizing regulatory oversight, determine adequate levels of capital, and decide how big is “too big to fail.” Financial institutions are reconsidering how much risk to take on, how to enhance their value, and what parts of the business to keep. Finally, clients are re-evaluating their relationships, utilizing new technologies to serve themselves, and changing their spending, saving, and investing behaviors.

This TowerGroup Live will identify the business drivers impacting financial institutions in 2010 and provide a discussion on the strategic responses and technology initiatives that FSIs are choosing in response.


TowerGroup Live (Recording) 2010 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Financial Crimes Management (PDF 1152 Kb)

Presented by: Rodney Nelsestuen and George Tubin

Most financial services institutions respond to financial crime defensively or for regulatory compliance purposes, but leading institutions are taking a proactive approach. This TowerGroup Live describes how FSIs can manage the complexities of rapidly changing fraud risk with new technologies that provide a marketplace edge. Despite fatigue or disenchantment with "enterprise" projects, leading FSIs are adopting an enterprise approach to financial crimes management using new fraud management solutions integrated with enterprise-wide risk management. A bonus and primary driver for some institutions is the resulting cost savings from eliminating duplicate effort.


TowerGroup Live (Recording) 2010 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Retail Banking and Delivery (PDF 454 Kb)

Presented by: Bob Hunt and Nicole Sturgill

In 2010, retail banking and its communication mechanism, delivery channels, will contend with an amalgam of changes rarely seen before. Although surviving the financial crisis was the major concern for financial institutions in 2009, in 2010 banks must balance a triple whammy of revenue-impacting legislative proposals, consumers' changing preferences for channel access, and a radical shift from a spending society to a saving society.

No matter how much a financial institution wants to invest in new and replacement technologies, projects to comply with the new regulations will trump all. Beyond that, financial institutions will have to make difficult decisions – to replace aging technology, to pursue continued multichannel integration, or to invest in business intelligence and predictive analytics to develop products and services that appeal to customers (and that they just might be willing to pay for).

This TowerGroup Live will identify the business drivers impacting banks in 2010 and provide a discussion on the strategic responses and technology initiatives that banks are choosing in response.


TowerGroup Live (Recording) 2010 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Wholesale Banking (PDF 316 Kb)

Presented by: Susan Feinberg and Steven Murphy

This TowerGroup Live presents our fourth annual analysis and prediction of the key challenges and opportunities facing the wholesale banking industry. In this presentation, TowerGroup identifies the top 10 business drivers that we believe will have the greatest impact on wholesale banking in 2010, and we identify and analyze the top 10 strategic responses and technology initiatives we believe successful institutions will put in place in order to maximize the opportunities for 2010 and beyond.


TowerGroup Live (Recording) 2010 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Investment Management (PDF 1374 Kb)

Presented by: Dushyant Shahrawat and Dayle Scher

The global asset management business has had a wild ride in 2008 and 2009 with mutual fund assets and hedge fund assets declining precipitously. Although asset levels have rebounded smartly from their lows of March 2009 and the profit forecasts for 2010 look encouraging, investment firms will not forget the experience of the last two years. If 2009 was analogous to the dark ages for investment management firms, then 2010 will be the renaissance. This TowerGroup Live discusses the 10 most important business drivers and the strategic responses, and technology priorities spurred by them that asset managers will focus on in 2010.


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