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The 2023 United Nations Climate Change Conference (COP28) saw global leaders gather in Dubai to assess progress towards the 2015 Paris Agreement goals of significantly cutting greenhouse gas emissions and limiting global warming to 1.5°C above pre-industrial levels. Capco was on the ground in Dubai, presenting to delegates on sustainable finance at a dedicated session sponsored by Microsoft. Click to read our round-up of the key conference talking points: https://www.capco.com/intelligence/capco-intelligence/cop28 @Anupriya Muppala @Naim Alame @Soomin Park #CapcoESG #CapcoMiddleEast #CapcoAPAC #SustainableFinance #climatefinance #Sustainability #COP28UAE #COP28
Banks are undergoing a profound transformation by migrating data to the cloud, revamping and digitalizing customer journeys, and providing employees with new skills. The prevailing themes are agility, innovation, and experimentation. However, this swift evolution raises concerns about leaving many customers at a disadvantage. The challenge is clear: how can UK banks effectively navigate rapid transformation while safeguarding society's most vulnerable members? In our latest paper, we delve into the four key drivers of customer vulnerability, the significance of Consumer Duty and the new regulatory imperative. We further present 12 steps for banks to integrate vulnerability considerations into enterprise-wide transformations. #consumerduty #customervulnerability #banking #finserv #digitization
In an article in Financial Planning, Nikhil Sharma discusses the factors which may have let to JPMorgan's decision to close its robo-advisor and explains his thoughts around the key to a strong digital experience. https://www.financial-planning.com/news/jpmorgan-robo-advisor-shutting-down-due-to-low-profits #digitaltransformation #technology #wealthmanagement #assetmanagement
As AI and machine learning are integrated into annuities, the question remains as to what can and can't be automated. In an article in @ThinkAdvisor, @Danielle Lutkus examines how AI can be leveraged into three processes within the annuities space. https://www.thinkadvisor.com/2023/12/12/harnessing-ai-in-annuities/ #AI #technology #insurance #financialservices
Financial institutions globally are driving the evolution of sustainable finance as a key pillar of a future low-carbon economy. Speaking at @COP28 UAE, @Anupriya Muppala, APAC & ME ESG Lead at Capco addressed the critical aspects of sustainable finance, highlighting the need for innovative approaches to tackle the challenges and capitalize on the opportunities it presents. Capco's participation at this year's climate change conference underlines our ongoing commitment to driving impactful and lasting change in the financial industry and working toward a more sustainable and prosperous future for all. Find out more about Capco’s ESG offerings here: https://www.capco.com/Intelligence/ESG #CapcoESG #COP28UAE #SustainableFinance #Sustainability #CapcoAPAC #CapcoMiddleEast @Naim Alame, @Hannah Cameron
@Mike Peretz spoke with Independent Banker about the growing use of data by community banks to boost mortgage lending growth, and how these institutions are building their data strategies from the ground up. #communitybanking #data #mortgage #lending @ICBA
The latest edition of the @Capco Institute Journal of Financial Transformation is out now. Download your copy here: https://www.capco.com/Capco-Institute/Journal-58-Artificial-Intelligence #AI #CapcoInstitute #FinancialTransformation
EBA’s report on ESG prudential treatment : foundations of the future framework? Early october 2023, the European Banking Authority (EBA) published a follow-up report on the role of environmental and social risks in the prudential framework following a Discussion Paper published in May 2022. The report integrates feedback from the financial industry and the findings of the High-Level Expert Group on Sustainable Finance and the European Systemic Risk Board (ESRB)2. In this article, we analyse the EBA’s recommendations, classifying actions according to complexity and time-horizon. Highlight main short-term actions and outlines key principles confirmed in EBA’s follow-up report on the role of environmental and social risks in the prudential framework. Read our follow-up paper here: https://www.capco.com/intelligence/capco-intelligence/prudential-treatment-of-esg-risk-ebas-recommendations #eba #prudential #ESG #consulting
@Capco is proud to have been named Best European Consultancy for the third consecutive year in the A-Team Data Management Insight Europe Awards 2023. The awards recognize the expertise of our UK Data team in enabling financial institutions to transform their management and use of data to derive value for themselves and their customers. #awards #bestconsultancy #data #datamanagement #winners
Whether driven by M&A activity, modernization programs or digitalization initiatives, system integrations are at once a challenge and an opportunity. Cost optimization, reduced operational risks, enhanced communications and decision-making, and shorter time to market are all benefits of a successful integration. Our new paper explores how approaches to system integrations have evolved, and highlights the respective strengths of Enterprise Application Integration and API gateways in integrating business processes and functions. Read more here. #systemintegration #digitalization #mergersandacquisitions #enterpriseapplication #apigateway https://www.capco.com/Intelligence/Capco-Intelligence/simplifying-complex-system-integration-orchestration?utm_campaign=global%202023%20UBS%20ABM%20system%20integration%20paper&utm_source=LinkedIn&utm_medium=Social%20organic&utm_content=
