Juniper Networks works with leading companies around the world to increase the service agility of their networks. With simple, open, and smart networks, financial services firms can bring innovative new services to market faster and at lower costs. They can leverage Juniper’s expertise, experience, and partner ecosystem to build agile, service-aware networks.
Juniper is a leader in high-performance, highly reliable routing, switching, and security, with solutions deployed in some of the most complex networks in the world across banking, capital markets, and insurance providers. A broad ecosystem of solution, services, delivery, and consulting partners can provide businesses with a complete offering that enables innovation.
Resistance to change is futile. Financial services are becoming more embedded in the banking customer’s everyday life, driving unprecedented levels of change across the industry. The unfolding digital economy is ushering a new era of technology adoption in banking. From cloud to open banking APIs, these play a defining role in enabling banks to create new digital products and services, refresh the bank branch, find new customer segments, and monetize underutilized data and information assets.
Published By: Cognizant
Published Date: Oct 23, 2018
In the last few years, a wave of digital technologies changed the banking landscape - social/ mobile altered the way banks engage with customers, analytics enabled hyper personalized offerings by making sense of large datasets, Cloud technologies shifted the computing paradigm from CapEx to OpEx, enabling delivery of business processes as services from third-party platforms.
Now, a second wave of disruption is set to drive even more profound changes - including robotic process automation (RPA), AI, IOT instrumentation, blockchain distributed ledger and shared infrastructure, and open banking platforms controlled by application programming interfaces (API). As these technologies become commercialized, and demand increases for digitally-enabled services, we will see unprecedented disruption, as non-traditional banks and fintechs rush into all segments of the banking space. This whitepaper examines key considerations for banks as they explore value in the emerging Digital 2.0 world.
In seinem Buch „Die Psychologie der Wissenschaft“ von 1966 vertrat der US-Psychologe Abraham Maslow die Position, dass Psychologen multiperspektivische Behandlungsansätze verfolgen und neue Konzepte einführen sollten, statt weiter nur die Theorien von Verfahren anzuwenden, die Freud und seine Nachfolger vor langer Zeit entwickelt hatten. Maslow wusste, dass es schwierig ist, einen neuen Blickwinkel einzunehmen, und schreibt: „Es ist bestechend, in jedem Problem einen Nagel zu sehen, wenn man als Werkzeug nur einen Hammer hat.“ Wir alle kennen das. Wir gewöhnen uns so sehr an althergebrachte Abläufe, dass wir die Gründe dafür manchmal nicht infrage stellen.
Diese sich schnell weiterentwickelnde digitale Welt definiert auch die Beziehung zwischen Ihrem Unternehmen und Ihren Kunden neu. Die Kunden erwarten von ihren bevorzugten Marken heute eine komfortable, interaktive User Experience.
Auch die Security ist ein wichtiges Anliegen. Die Risiken wachsen, da Unternehmen und Kunden immer mehr vertrauliche Daten austauschen.
Sie müssen stets für das kontinuierliche Wachstum Ihres Unternehmens sorgen. Im Zuge der anhaltenden Dynamik der Application Economy setzen Sie zur Förderung dieses Wachstum vermutlich auf digitale Unternehmensinitiativen.
Wie organisieren und verwalten Sie nun am besten ein APIProgramm, ohne Ihr geistiges Eigentum außerhalb des Unternehmens auf problematische Weise zu exponieren? Nachfolgend stellen wir eine Reihe von Early Adopters vor, die ihr Wachstum erfolgreich mit APIs befördert haben.
Die Application Economy hat Unternehmen zu Umstellungen gezwungen. Unternehmen machen ausgewählte Daten und Anwendungen für Entwickler, Partner, Mobile Devices, die Cloud und das Internet of Things (IoT) zugänglich, um neue Wachstumschancen wahrzunehmen. Im Zuge dieser Umstellungen zeigte sich, dass Legacy-Daten in der Application Economy von Nutzen sein können, und zwar in einem solchen Ausmaß, dass sich durch die neue Art der Verwendung dieser Daten neue Umsatzchancen ergeben.
CA Live API Creator enthält die drei Dinge, die für jeden Anwendungsprototyp erforderlich sind:
Datenbank – Ihre oder unsere Sie können Ihre vorhandene Datenbank oder eine von CA Live API Creator für Sie erstellte Cloud-Datenbank verwenden. In beiden Fällen sind Sie schnell einsatzbereit.
In der digitalen Wirtschaft sind Anwendungsprogrammierschnittstellen (APIs) unerlässlich, um Ideen schnell umzusetzen und neue Geschäftschancen zu nutzen. Sie sind die Bausteine der digitalen Transformation und ermöglichen es Unternehmen, eine herausragende Customer Experience bereitzustellen, neue Umsatzquellen zu erschließen und Mitarbeiter, Partner, Anwendungen und Geräte jederzeit und überall mit Daten zu verbinden.
Banken, Vermögensberater, Zahlungsanbieter und andere Finanzinstitutionen erleben tief greifende Veränderungen in Form von sich entwickelnden Marktanforderungen und neuen Vorschriften. Diese Unternehmen müssen ihre etablierten Prioritäten, Prozesse und Produkte überdenken, um das Fundament für den künftigen Erfolg zu legen. Software ist der Schlüssel.
Today’s DevOps and agile–loving enterprises are striving for fast changes and quick deployments. To these companies, the microservices architecture is a boon, but not a silver bullet. Organizations can enable smaller development teams with more autonomy and agility, and as a result, the business will notice IT being more in tune with their changing demands.
You want to deliver new innovations, release apps faster and take advantage of new opportunities, but legacy applications and infrastructure are holding you back. Transition to a modern architecture by decomposing monolithic applications into agile microservices—independently created, managed and scaled. Your business will be able to act faster and developers will love the easy access to APIs that give them the freedom to focus on customer experience.
APIs represent a great opportunity for the enterprise to integrate applications quickly and easily. But APIs can be a double-edged sword: promising agility, while at the same time increasing risk. But if an organization can address API security as an architectural challenge long before any development takes place, it can reap the rewards of this technological breakthrough safely and securely.
Using CA Live API Creator, you can execute business policies using Reactive Logic. You write simple declarative rules defining relationships across data fields, and they’re automatically enforced when changes occur—just like formulas in a spreadsheet.
CA API Management is a robust, enterprise-grade solution that can enable the success of your API initiatives. The software provides industry-leading tools to rapidly create APIs from existing data assets, orchestrate legacy services and safely expose enterprise applications and services. The solution also allows you to quickly onboard, manage and enable the developers who will create innovative apps that add value to your business. And, just as importantly, CA API Management secures your enterprise data to meet the toughest compliance and regulatory standards, while providing you with full control over which apps, developers and partners can access your APIs.
Ubiquitous connectivity and mobile devices have changed everything, opening up markets to millions of new consumers across the globe. Within the past few years, nimble upstarts have created mobile apps that have converted banking customers, cab riders and hotel guests at unprecedented rates. Large, established brands are scrambling to transform their businesses in order to maintain market share. To compete in this application economy, you must adapt or be left behind.
For the past decade, financial institutions have created sophisticated digital platforms for consumers to access, save, share and interact with their financial accounts. As sophisticated as these digital platforms have become, cyber criminals continue to pose an ever-present risk for everyone – from individual consumers to large corporations
In his recent article, 2018 Outlook: Customer Experience and Security Strike a Balance, Andrew Davies, vice president of global market strategy for Fiserv’s Financial Crime Risk Management division, explains how and why security will become a key differentiator for financial institutions as they respond to a changing landscape, which includes:
•Global payment initiatives
•Open Banking standards
•Artificial intelligence and machine learning
•Consumer demand for real-time fraud prevention and detection
Published By: Datastax
Published Date: Mar 06, 2018
Banks are at an inflection point. According to recent research by Viacom, 53% of consumers don’t think their bank
offers anything different than other banks, 71% would rather go to the dentist than listen to what the banks are saying,
and 1 in every 3 are open to switching banks in the next 90 days.
This means banking institutions need to break through the competition to gain customer trust and loyalty.
Building a 360-degree view of the customer can directly impact customer experience by helping banks grow customer
retention and loyalty, upsell high-margin products, and provide compelling interactions.
For the past decade, financial institutions have created sophisticated digital platforms for consumers to access, save, share and interact with their financial accounts. As sophisticated as these digital platforms have become, cyber criminals continue to pose an ever-present risk for everyone – from individual consumers to large corporations.
In his recent article, 2018 Outlook: Customer Experience and Security Strike a Balance,
Andrew Davies, vice president of global market strategy for Fiserv’s Financial Crime Risk Management division, explains how and why security will become a key differentiator for financial institutions as they respond to a changing landscape, which includes:
• Global payment initiatives
• Open Banking standards
• Artificial intelligence and machine learning
• Consumer demand for real-time fraud prevention and detection
Oracle's Digital Innovation Platform for Open Banking is a cloud-based, open API solution built on an enterprise-grade IaaS and PaaS platform. The solution offers high-value, predictable integrations, open-marketplaces with fintech and banking API services. (30 characters/spaces possible)
Financial Services is an industry driven by disruption. Transformative business models such as low-cost brokerages, innovative investment products like ETFs, and the huge regulatory mandates like Gramm-Leach-Bliley are but a few examples. Here are some others:
• New fintech firms such as a recent nine billion dollar investment in Ant Financial Services Group and myriad other venture capital-led fintech startups targeting well established segments across the financial services industry
• Robo-advisor services powered by artificial intelligence and machine learning intermediating financial advisors and portfolio managers alike
• Ever changing regulatory and risk management mandates, such as GDPR, Basel III, and Open Banking, transforming customer engagement and capital allocation
Read this whitepaper to learn how you can overcome these and other disruptions.
Much has been written about Payment Services Directive 2 (PSD2) and its potential to herald a new era of open banking where banks no longer have a monopoly on payment services. Instead they will be forced to provide full access to customer accounts to third parties looking to provide financial services of their own, on top of banks’ existing data and infrastructure.
All of this could prove to be true, just not on January 13th 2018, the deadline for national governments to transpose PSD2 into law. This is because there is still so much to be decided and clarified. The European Banking Authority’s longawaited regulatory technical standards (RTS) on strong customer authentication (SCA) were issued in March 2017 but missing some of the finer details, such as the methods to remotely access customer data and account information and the measures around the use of application programming interfaces (APIs) and screen-scraping.
Published By: Red Hat
Published Date: Mar 26, 2019
Modern banking has become synonymous with the modernization of legacy systems. To continuously improve customer experiences, banks must break down monolithic, institutionalized processes
and create a culture that spawns innovation from anywhere. But while 90% of banks are already on
their path of transforming to be more digital, only 8% are considered disruptors due to their high
levels of digital adoption.
Published By: Red Hat
Published Date: Mar 26, 2019
The rise of digital platforms and their rapid adoption by customers has created significant opportunities for financial service organizations. Industry leaders are capturing additional revenue streams
and creating new value chains by investing in this distribution channel. Regulators are also encouraging participation in open banking through either guidance or mandate, aiming to improve competition in the financial services marketplace. Lastly, the pace of technical innovation is reducing
the barrier to market entry, driving interest in open banking by incumbents and challengers alike.
However, the full value of open banking might be not always be so clear. Below are five benefits for
organizations that embrace open banking.