What is ISO 20022? A modern, global payments messaging standard
ISO 20022, and what’s changing for financial services organisations.
In the media
Why financial literacy is the new frontier of the banking customer experience
Why banks must tackle the challenge of financial literacy head-on.
16 August 2021
Allied Irish Banks
AIB is one of Ireland’s major retail banks serving personal, business and corporate customers, offers a growing range of innovative, digital services for customers. To keep these services secure and future-proof the bank for growth, AIB needs to continually strengthen its cyber security stance. We developed a robust and innovative procurement process to enable the bank to select a strategic partner to meet this challenge.
Banks are increasingly using intelligent algorithms to automate decisions that affect customers’ lives, from granting loans to authorising transactions. But with algorithmic logic now outstripping human brain power, how can customers be confident the algorithms have got it right? Our data strategists and data scientists partnered with Rabobank to develop a new framework to control the risks associated with developing and deploying algorithms.
OneSavings Bank, a UK firm with a 150 year heritage, takes its regulatory and business responsibilities very seriously. We helped the firm undertake an operational resilience programme to evaluate its ability to respond to operational and financial crises.
To stay competitive, global investment managers Schroders needed faster delivery, increased efficiency and improved quality from their IT organisation. To get IT teams working more closely with the business, Schroders asked PA Consulting Group to introduce Agile ways of working across the global IT organisation.
PA helped Rabobank link the three sets of data for the first time. The software we wrote can match data to individuals even when their information isn’t consistent. When the software spots that a customer’s application has faltered, it issues an alert. This means a sales person can contact the customer to help complete their application.
Tesco Bank has ambitious plans for their digital services in the next few years and wanted to be sure their resilience strategy would continue to be effective. They asked PA to assess their resilience strategy, policy and controls for withstanding shocks, like cyber attacks, vendor failure and natural disasters.
Accelerating into the future of customer-driven banking
By prioritising customer-focused digital transformations, US banks can accelerate into the future with capabilities that will stand the test of time.
Managing your delivery risks during the uncertain global payment transformation
The banking industry will transform into a global way of payments messaging. Participants must focus on identifying and mitigating risks when converting to ISO 20022 payment messaging programme to set up for success.
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