Like other financial services sectors, insurers are now fully on board with embracing digital capabilities to drive greater operational efficiency and reduce costs, as well as realizing benefits from doing so. But insurers are increasingly recognizing two other important benefits from the digital transformation Improved employee retention Stronger customer loyalty Employee and customer relationships are…

Migrating to cloud-based solutions can be a daunting task for financial services institutions, considering the complex financial services regulatory environment. In my first post of this two-post blog series, I introduced the Accenture Cloud Risk & Regulatory Compliance Framework for financial services institutions that are migrating to cloud-based solutions. In this post, I’ll explain how…

In today’s increasingly digital marketplace, strong cyber security capabilities are vital to the success – even survival – of any financial services organisation. The common aim across the industry is to achieve mastery of cyber resilience against cyber-attacks, to reduce the risks to a manageable level.   Making progress – but how much? UK financial…

Across the globe, banks and financial services firms are required to navigate numerous international standards and regional regimes―putting increased stress on their people, capabilities and financial resources. These pressures grow as institutions migrate to new technologies, including the cloud. In this two-post blog series, I’ll share Accenture’s Cloud Risk & Regulatory Compliance Framework and how…

It’s self-evident that financial services firms need to apply advanced technologies in their defenses if they’re to stay ahead of today’s cyber adversaries. But technology alone won’t solve the problem. To be cyber resilient, firms need more. Our research and client experience highlight two prerequisites in particular. One is board-level access and engagement for cybersecurity…

In my last post, I shared some of the findings from Accenture’s recent Cloud Readiness survey of 35 retail banks. I also emphasized the importance of a sound cloud strategy and a coherent, comprehensive plan for the transition. In this post, I will try to show how banks can accelerate their cloud journey so that…