Piermont Bank’s Post

Honoured to co-author our view on what lays ahead for banks in 2024 and beyond. As banks navigate challenging macro-economic headwinds, every investment dollar is increasingly precious. Investments in GenAI, experience transformation, process digitization and platform modernization permeate the banking technology landscape, but few have strong track records of delivery. In fact, large technology program delivery efficacy is near historic lows, driving material cost efficiency challenges. We believe technology organizations that embrace and incorporate ‘Delivery Excellence’ principles and practices over the coming years will confer themselves, and their banks, real competitive advantage. #DeliveryExcellence #TechnologyEfficiency #TechnologyEfficacy #TechnologyAsCompetitiveAdvantage #PwCProud

How can banks balance innovation and regulation in the GenAI era? Tara Brady, President, EMEA at Google, will address this at the Global Banking Summit next week on the 3-4 December in London. Tara’s panel will explore how organisations can be bold and responsible, and global differences in perspectives. Join this essential discussion—register now: https://bit.ly/3VhKqSP #FTBanking

The global banking industry is at a crossroads, navigating a landscape shaped by increasing regulatory oversight, evolving market reforms, rapid technology development and ever more sophisticated financial crime. The good news is that advancements in technology and the pace of innovation will enable banks to meet these demands. The question then becomes: What is the right strategy to manage these challenges cost-effectively and with the highest degree of confidence? I’m looking forward to discussing that very question at the Financial Times Global Banking Summit in London this week. As both a market operator and a trusted technology partner to financial institutions worldwide, Nasdaq has a unique vantage point. We understand what it takes to operate mission-critical infrastructure with resilience, adaptability, and precision—qualities that are essential to staying ahead of regulatory changes and disruptive forces. Protecting market integrity is critical for investor confidence and the health of the global financial system. Which is why we are empowering the banking community to address the $3.1 trillion global challenge of fighting financial crime, leverage the power of cloud-based solutions, AI, and embrace private/public collaboration. This is a pivotal moment for the banking industry, and I’m excited to connect with clients, partners, and peers at the event to discuss how we can navigate this evolving landscape together. #FTBanking

Over the past decade, the Single Supervisory Mechanism (SSM) – the first pillar of 🇪🇺 Banking Supervision, has evolved into a respected authority with harmonised and transparent practices. However, in light of global changes such as growing geopolitical tensions, the rise of FinTech and BigTech companies, the ongoing digital transformation, and climate change, supervisors should remain vigilant. To address these challenges, they should enhance their skills and tools to adapt to evolving market dynamics, technological progress, and climate change-related risks while fostering collaboration among relevant authorities. Learn more about the past, present and future of banking supervision in the latest joint ECRI-ECMI - European Capital Markets Institute policy brief by Judith Arnal Martínez and Dr. Apostolos Thomadakis ⤵ READ HERE: https://lnkd.in/dEYwin8H CEPS (Centre for European Policy Studies)

Over the past decade, the Single Supervisory Mechanism (SSM) – the first pillar of 🇪🇺 Banking Supervision, has evolved into a respected authority with harmonised and transparent practices. However, in light of global changes such as growing geopolitical tensions, the rise of FinTech and BigTech companies, the ongoing digital transformation, and climate change, supervisors should remain vigilant. To address these challenges, they should enhance their skills and tools to adapt to evolving market dynamics, technological progress, and climate change-related risks while fostering collaboration among relevant authorities. Learn more about the past, present and future of banking supervision in the latest joint ECMI- ECRI - European Credit Research Institute policy brief by Judith Arnal Martínez and Dr. Apostolos Thomadakis ⤵ READ HERE: https://lnkd.in/dPhrxHwH CEPS (Centre for European Policy Studies)

How can banks balance innovation and regulation in the GenAI era? Tara Brady, President, EMEA at Google, will address this at the Global Banking Summit next week on the 3-4 December in London. Tara’s panel will explore how organisations can be bold and responsible, and global differences in perspectives. Join this essential discussion—register now: https://bit.ly/3VhKqSP #FTBanking

"Data is the DNA of ecosystems, and it is how efficiently the ecosystem partners are able to exchange and use data that defines the ability of that particular ecosystem to thrive and scale." In our latest episode of the "Future of Financial Ecosystems" thought leader series, we sit down with Rajeev Tummala, Head of Digital & Data for Asia and MENA Region at HSBC Securities Services, and Ruchi Singhal, our Strategic Portfolio Director to explore more about the role of data in financial ecosystems, and the future of open banking in Asia. Full interview now out on YouTube: https://bit.ly/3xZf4aN

In a recent conversation with Banking Dive, Peter Dugas, the Executive Director at Capco, discussed how the outcome of the recent election is poised to influence the financial industry significantly. With Trump’s administration featuring a more seasoned and informed leadership, we can anticipate swift changes in policies concerning Basel III, AI, and ESG, along with possible shifts in regulatory oversight. Explore the potential effects on the banking sector: https://okt.to/1Q6oS2

In a recent conversation with Banking Dive, Peter Dugas, the Executive Director at Capco, discussed how the outcome of the recent election is poised to influence the financial industry significantly. With Trump’s administration featuring a more seasoned and informed leadership, we can anticipate swift changes in policies concerning Basel III, AI, and ESG, along with possible shifts in regulatory oversight. Explore the potential effects on the banking sector: https://okt.to/BOGbEc

The future for European banks looks unmistakably and digital and AI-driven. Emerging platform economies and the blurring of cyberspace borders between financial and non-financial businesses will further disrupt incumbent banks’ legacy structures. Technology-driven banking and financial services are shifting from being product-centric to becoming customer-centric. In his latest The Wide Angle, Sam Theodore says banks’ business models will need to adjust. Just digitalising legacy business models will not do. He also believes high levels of bank intermediation will persist through the rest of the decade, that pan-European banking and finance will not be achieved via cross-border M&A, and that material asset-quality shocks are less likely than in the past. Read the latest The Wide Angle: https://lnkd.in/e-_Prud2