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The regulatory environment in financial services continue to evolves creating additional obligations for financial institutions. Tight technology budget amidst falling revenue is forcing them to explore opportunities to mutualize costs by reducing in-house engagement in non-core activities. This is giving rise to the emergence of new operating models such as the utility and shared services.
The know-your-customer (KYC) function of banks has seen a number of solutions emerge under the utility model last year. Join Celent analyst Arin Ray as he discusses the early days for this new model, and how its success should expedite adoption of adjacent cost reduction opportunities as firms continue to push the envelope to explore new operating models beyond conventional choices.
This webinar is based on a recently published report.
This event is free to attend for Celent clients, flex-plan clients, and the media. Non-clients can attend for a fee of US$250. If you are unsure of your client status, please contact Andrew Renzella at arenzella@celent.com.
