Leading Point

🚀 Navigating Uncharted Waters: CEOs at the Helm of Innovation and Change   📈 In an ever-evolving corporate landscape, CEOs of NYSE-listed behemoths are not just at the helm—they're navigating through unforgiving currents of change. A riveting piece from the Oliver Wyman Forum, "The New Growth Agenda," spotlights the pulse of top-tier CEOs as they forecast the trajectory of growth amidst the flux of geopolitics, technological advancements, and the winds of customer behaviour.   💡 The march towards Artificial Intelligence is not just unrelenting; it's seen as a crucial growth catalyst by a striking 96% of surveyed CEOs. The belief that AI can bolster revenues while managing costs is nearly unanimous among the leaders of large enterprises.   In the fierce theatre of competition, three-quarters of these captains of industry perceive growth opportunities, with strategic initiatives such as M&A and disruptive new business models emerging as the potent arsenal for expansion.   Customer demographics, their ever-changing tastes, and expectations are no daunting challenge, as 71% of CEOs stand optimistic about leveraging these shifts for growth.   Yet, storm clouds of concern loom with regulation and protectionism, volatile fiscal parameters, and geopolitical churn being top of mind for these leaders, highlighting the need for astute risk management and strategic agility.   While organic investment in innovative revenue streams reigns as a priority, a clear-eyed focus on capital efficiency and cash flow management trails closely behind, underpinning a balanced growth agenda.   How are we aligning our data and operating models to these insights and preparing for the growth narrative etched by industry vanguards?   #FinancialGrowth #ArtificialIntelligence #StrategicInitiatives #DataAndOperatingModels #CEOInsights https://lnkd.in/esWBT_-Y

Are you implementing an AI solution? Check out our latest article on why AI is coming under increased scrutiny from regulators and customers alike. In the article, we cover: 🎯 Key components of AI governance ⚠ 10 risks of neglecting AI governance 📜 Key regulatory frameworks around AI 🔥 Benefits of maintaining effective AI risk & governance With our practical AI frameworks and guidance, you can incorporate AI risk & governance management into your new solutions, ensuring strong compliance with existing & upcoming regulations, and reducing the new inherent risks with AI usage. Rajen Madan Jaidip Banerjee Iba Jaggi Elin Bidmark Mark Reeves Séverine RAYMOND SOULIER Sashi Dias Valtz #AI #AIrisk #AIgovernance #artificialintelligence https://lnkd.in/e4xZ4yJp

Data might be the new oil, but how do you price that valuable asset? In the digital age, data is the lifeblood of financial services firms. But do we really know how to evaluate its worth? Abraham Thomas, the co-founder and CDO of Quandl, provides expert insights on the nuances of data pricing - and it's clear that traditional models simply don't cut it. Dive into our summary of Thomas's key points to ensure your firm stays ahead in effectively monetising one of its most valuable assets. 🔍💡📊 1️⃣ **Utility Dictates Value**: The true value of data emerges with a specific use case and user in mind. A dataset's worth can vary wildly between different parties. 2️⃣ **Addition Means Amplification**: In contrast with software, adding to a dataset directly correlates with increased value. 3️⃣ **Lifecycle of Value**: Recognising the stages of a data asset's lifecycle is crucial; value fluctuates from modest beginnings, through peak utility, to decline with market saturation. 4️⃣ **Marginal Impact**: The crucial factor in data valuation is the marginal lift or the measurable impact that new data exerts on your business processes. 5️⃣ **Uniqueness and Value**: Unique data holds unparalleled worth - commanding control over its lifecycle - though functional substitutes can rival its value. 6️⃣ **Old Pricing Models Fall Short**: Traditional software pricing falls flat when applied to data. Pricing structures must consider volume, quality, and specificity of use cases. 7️⃣ **AI's Influence on Pricing**: With AI thirsting for data, the sheer volume has become a powerful tool, shaping the pricing and business models for data-driven services. 8️⃣ **Quality is Layered**: Data quality should be assessed through multiple lenses - accuracy, precision, compliance, and more to determine its price point. 9️⃣ **Standard Data and Monetisation**: Monetising usage rights for 'table stakes' data, requires navigating through standards, benchmarks, and ownership rights. 🔟 **Alternative Compensation**: Payment-in-kind and the use of synthetic data are reshaping data asset compensation, introducing new economic models and challenges. 1️⃣1️⃣ **Sales Cycles and Visibility**: The effort invested in a data asset’s sales cycle and its legibility can help signal its value and market size potential. Data pricing is intricate and constantly evolving. For financial services firms, staying on top of these concepts isn't just academic - it's a strategic imperative. Read the full article for a comprehensive guide to pricing your data assets with sophistication and foresight. https://lnkd.in/eS3FQg8f #FinancialData #DataMonetisation #DataEconomy #CDO #CIO #CTO #CISO #COO

🚨 Cyber Threats Escalate: Urgent Multi-Factor Authentication Call and More 🚨 In a stark reminder of the escalating cyber threats facing our industry, a recent article from The Register outlines a series of concerning security breaches and vulnerabilities. From Snowflake's major data breach prompting a mandatory push for Multi-Factor Authentication to critical vulnerabilities in control software and the urgent need for cybersecurity regulatory harmony, the cybersecurity landscape is evidently fraught with risks that demand our immediate attention. Key takeaways from this wake-up call: 🔓 Snowflake faces a significant breach with over one terabyte of data compromised, driving the imperative for mandatory MFA implementation to bolster security. ⚠️ Various high-severity vulnerabilities are exposed, ranking up to a shocking 9.8 on the CV400—highlighting the tangible risk to vital industries and infrastructure. 🌐 Industry voices are urgently seeking regulatory harmony in cybersecurity to improve protection outcomes and maintain competitive edge. 💻 Ramping up the threat, misconfigured containers are being targeted by campaigns installing harmful crypto-mining malware—underscoring the non-negotiable need for rigorous configuration and access control. 🛡️ Other security developments: A pledge from Microsoft to prioritize security, hacktivist attacks on critical infrastructure, and an immediate call from Check Point for updates in the face of zero-day vulnerabilities. This article starkly illustrates why cutting-edge data security and robust operating models are no longer optional but crucial for survival. Let us not discount the importance of these protective mechanisms in securing the operational integrity of financial services. Stay informed and vigilant. Reference: "Security in Brief" from The Register. #Cybersecurity #DataProtection #MFASecurity #RegulatoryHarmony #CriticalInfrastructure #FinancialServicesConsultancy #DigitalRiskManagement

🔐 As we usher in the complexities of the financial landscape for 2024, security remains at the forefront of priorities for leaders within the sector. A fresh perspective from a seasoned Chief Information Security Officer (CISO) reveals invaluable insights into what awaits us in the realm of #FinancialServicesSecurity. Here's what you need to keep your eyes peeled for: 🌍 Prepare for Expanded Regulations – With the shift to cloud-based banking, expect tighter rein in the form of new and evolved regulations ensuring accountability. Our UK clientele must remain vigilant, adapting to the latest guidelines akin to the SEC's cyber risk disclosure rules and the evolving Cybersecurity Maturity Model Certification (CMMC). 🧑🤝🧑 The Human Factor: Your Strongest and Weakest Link – Human error persists as the Achilles' heel with costly repercussions due to compromised credentials. It's paramount to invest in automated security tools as well as continuous monitoring, and AI-driven detection, without overlooking the power of security education and training. 🔏 Securing Trust Takes Time; Losing It Happens in an Instant – The currency of trust in financial institutions can vanish in a heartbeat. Striking a balance between security, compliance, and company growth is essential. We must embed resilience in our organisational DNA through robust planning and an accountable culture. ☁️ Cloud Security in Finance: A Balancing Act – The race towards cloud adoption comes with inevitable security risks. Financial institutions must stay proactive, addressing threats head-on and seamlessly integrating practices such as comprehensive access controls, enhanced visibility, and automated security tasks while ensuring continuous compliance. As specialists in #Data and #OperatingModels, we understand that safeguarding this delicate balance between security and business objectives is essential, not only in mitigating operational costs but in fortifying resilience. Let's catalyse compliance and fortify financial security together as we navigate the evolving cybersecurity landscape of 2024. #Cybersecurity #FinancialRegulation #CloudSecurity #Resilience #Compliance

One day to go! Join Datatomic's webinar on May 1st, 10-10:30 am. Explore unique fintech opportunities and strategies to overcome challenges. Connect with industry experts and get insights from Datatomic Ventures specializing in AI, Data, and Digital Assets for startups and scale-ups in Capital markets. Don't miss out! #startups #scaleups #fintech #venturestudio #datatomic Rajen Madan Sashi Dias Valtz Thushan Kumaraswamy Iba Jaggi Nivetha B. Peter Leech Jaidip Banerjee Mansi Adatiya Séverine RAYMOND SOULIER Kavita Harwanii Datatomic Ventures Leading Point

In her article, "Strengthening Information Security: The Combined Power of IAM and DAC", Nivetha B. shares her insights on the rising security challenges businesses are facing today. Discover how Identity Access Management (IAM) and Data Access Controls can elevate your cyber security posture, ensuring compliance and fostering trust in your data protection initiatives. Check our latest article on 'Strengthening Information Security' https://lnkd.in/grpbsmm6 Rajen Madan Nivetha B.Jaidip Banerjee Thushan Kumaraswamy Mansi Adatiya Kavita Harwanii Iba Jaggi Myriam Hofri Sashi Dias Valtz Séverine RAYMOND SOULIER Peter Leech #Cybersecurity #DORA #IAM #DAC

I am delighted to have been selected to present at the OSFF in June in London on how organisations can adopt a more strategic approach to Information Security requirements. It is a top 3 priority for most CXOs and the stakes and spend are high. The opportunity is to be efficient and address root causes and build internal capability and process than jump into perpetual tool shopping. Keen to exchange insights from the leaders across various firms who join on this pertinent topic. Leading Point FINOS #InformationSecurity

🔍 Dive Deeper into Financial Crime Risk Management Trends! 🔍 Discover the latest insights from our FinCrime Practice Lead, Kavita Harwani, on the top 5 trends shaping MLRO responsibilities in 2024: 1) Regulatory Compliance & Adaptation: Stay updated on evolving regulatory frameworks to ensure compliance with AML and CTF regulations. 2) Technology & Data Analytics: Leverage advanced tools like machine learning and predictive analytics to enhance AML capabilities and detect financial crime more efficiently. 3) Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD): Strengthen CDD processes and focus on risk-based approaches for better understanding customer risks. 4) Transaction Monitoring & Suspicious Activity Reporting: Refine transaction monitoring systems to identify suspicious activities accurately and collaborate with law enforcement for timely reporting. 5) Training & Awareness: Invest in comprehensive training programs to educate employees on AML risks and promote a proactive compliance culture. Ready to elevate your financial crime risk management strategies? Connect with us to explore how Leading Point can support your journey in 2024 and beyond! 🚀 Read the full article: https://lnkd.in/exypmJEC #FinCrime #RiskManagement #AML #CTF #MLROs #LeadingPoint Kavita Harwanii Rajen Madan Thushan Kumaraswamy Iba Jaggi Jaidip Banerjee Elin Bidmark Mansi Adatiya Peter Leech Sashi Dias Valtz Séverine RAYMOND SOULIER Nivetha B. Myriam Hofri

With just two weeks to go, we're thrilled to unveil our upcoming webinar introducing our new venture studio, Datatomic Ventures. Join us as we delve deep into the market landscape, explore emerging trends, and address the distinctive challenges encountered by start-ups, scale-ups, and growth firms within the financial services industry. #FinTech #financialservices #venturestudio Rajen Madan Thushan Kumaraswamy Iba Jaggi Séverine RAYMOND SOULIER Sashi Dias Valtz Mansi Adatiya Jaidip Banerjee Elin Bidmark Nivetha B. Peter Leech Myriam Hofri Kavita Harwanii