Adapt to Evolving Banking Customer Behaviors

The insurance industry has utilized risk neutral models for many years to help manage market risks embedded in complex insurance products such as variable annuities (VAs). However, as the complexity of VA guaranteed living benefit riders has increased, insurers have needed to adopt more sophisticated modeling capabilities in order to properly assess and mitigate risk exposures. Moreover, the combination of long-dated liabilities and persistent low rate environments presents challenges when constructing stochastic rate models, which can often produce explosive rates or negative rate scenarios which are undesirable for valuations and other ESG applications. And insurers with exposures across multiple currencies can sometimes encounter problems handling quanto adjustments when modeling equities and rates across multiple currencies.

Global Processing Services and Konsentus explored the implications of PSD2 open banking and the challenges Programme Managers face to meet the new regulations. March 14 2019 – it’s only 2 months until everyone has to have their solutions available for external testing. Will you be ready? Do you understand what you need to do? Everyone offering an API Solution for Third Party Providers needs to have in place seven key elements to meet the PSD2 open banking regulations.

For customer outreach to succeed, financial services organizations need higher quality intelligence and execution to drive engagement across channels. Phone calls still play an important role in communicating with customers and are often used first to address urgent or highly sensitive customer concerns. However, customers are now skeptical of calls from unknown numbers due to the substantial increase in robocalls or other fraud, scam, and caller-id spoofed calls.

Blockchain technology and cryptocurrencies such as bitcoin and ether are two trending topics in the fin-tech world. Yet, few business professionals can grasp the intricacies, opportunities and challenges posed by this new technology. This course intends to give you a thorough understanding of the history of the blockchain, properties of blockchain, limitations of blockchain, how to buy & sell cryptocurrencies, special terms associated with the blockchain and the taxation of common blockchain related transactions. The course should prepare you to take on clients in blockchain related businesses, communicate effectively with them and implement best tax practices.