It’s All About Implementing Sustainable Business Solutions And Exploring New Ideas.

Augmented Reality & Virtual Reality
: Financial services set to adopt AR and VR for better interactivity
Visual interactivity of financial services to take a new shape with the help of AR and VR
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A Perfect Storm for Wealth Management
The perfect time for the Wealth Management sector
2018 has seen the Wealth Management Industry ripe for change and is making steps toward innovation.
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Can AI Comply to Transparency Standards?
Compliance of Artificial Intelligence to Transparency Standards
Achieving Transparency as financial institutions strive to meet evolving regulatory standards such as MiFID II.
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Why you should adopt an enterprise SaaS strategy
Cost pressures, regulatory requirements, and the need to innovate are key drivers for firms deciding to adopt a cloud strategy
Creating an enterprise Software as a Service (SaaS) strategy will be key for financial firms carving out their Cloud strategies as part of digital transformation initiatives
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Finding your path
It is okay to fail, and then learn the right moves for your career.
Your career demands taking the leap of faith, so that you can fall and grow
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Consider UX Designer as your next goal
UX and UI is set to rule the era of applications
UX and UI drives the designer’s goal of enhancing user experience
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Architecting a Unified Data Platform
Architecting a Unified Data Platform - Data lake to Analytics
Financial institutions are looking for innovative ways to ensure compliance, enhance performance and maintain a competitive advantage amidst increasing regulatory obligations.
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Financial Crime Monitoring
Time for a Paradigm Shift through Financial Crime Monitoring
The widening gap between the internal operating environment in Financial Institutions and increasing regulatory expectations that demand an agile, adaptive and effective Transaction Monitoring (TM) programme.
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Data Visualization for Financial Services
A Pragmatic Approach to Harnessing Business Insight
The focus is on User Interface (UI) and User Experience (UX) design, and how these can help reach business goals and create a competitive edge for investors.While the premise of visualization remains the same, the ever increasing volume of data available is changing the way financial institutions approach visualization.
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How the Design Industry Has Matured Beyond Graphic Design
Interactivity today is not just demanded, but expected.
The focus is on User Interface (UI) and User Experience (UX) design, and how these can help reach business goals and create a competitive edge for investors.
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The BlockChain Progress at Symbiosis Part-1
Expectations management is an important journey in enterprise blockchain
This three-part series will outline five key learnings that we apply to all of our blockchain projects to avoid making the same mistakes
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The BlockChain Progress at Symbiosis Part-2
A Use Case with a Business Case
We previously discussed how incumbent-driven solutions have a significantly greater speed and likelihood for success over others
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The BlockChain Progress at Symbiosis Part-3
Short-term wins are needed before long-term revolutions
In this part, we review the final key learnings to success, and explore what we see as the future outlook of what’s to come.
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How Regulatory Technology (RegTech) Can Empower Financial Institutions
This will allow firms to break down regulatory siloes and manage requirements holistically.
RegTech is a discipline which applies technological innovations to achieve compliance with regulatory requirements.
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Moving Past the Blockchain Hype: Overcoming Challenges to reach Production
Evolving solutions from POCs to pilots to achieve real business value
This article talks about how financial institutions can overcome some of the top challenges and barriers to successful Distributed Applications (DApps) moving into production
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What to Consider in a Prospective Tech Employer
Workers must be re-skilled to remain marketable in the tech-heavy future workplace
This is an opportunity for the digital-savvy workforce of the future, especially those with technological specialties and areas of focus, to step into new opportunities.
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SWIFT 2018/2019: Ushering in a Digital Revolution for Trade Finance
SWIFT is set to have a significant impact on trade finance
More digitally-enabled business will have an easier time adhering to the new standards and are in a position to evaluate emerging technologies
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Data Monetization – A Practical Approach to Successfully Navigating Big Data
Navigating the cost of producing actionable insights in the pursuit of big data monetization
Once perceived as a 'nice to have' element amongst banks, there is an understanding that capitalizing on Big Data is essential for a bank to gain an edge in today’s market
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How Can Innovation Benefit the CFO?
Is Blockchain the solution to General Ledger Reconciliation?
As CFOs look to new technologies to help better manage their evolving roles, analytics, blockchain and user experience (UX) design can be especially helpful.
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Democratization of Advanced Analytics
Moving Beyond Traditional Business Intelligence Tools
The extent to which advanced analytics creates business value today is still limited which in turn drives up the cost of monetizing a company’s data in the end.
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A New Vision for Data Visualization: Marrying Data Science and User Experience Design
Leveraging the power of UX.
User Experience (UX) design can help firms showcase what’s most important and to create a new vision for data visualization
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Overcoming roadblocks with technology to reach CAT compliance description
Managing CAT data and reports
What CAT compliance reporting would entail, understand and design.
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Is there a silver bullet for KYC?
New technology can help to get control over cost and improve workforce efficiency
Financial institutions are facing increasing costs, customer experience challenges and regulatory demands when it comes to KYC.
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Brexit Relocation: How will plans shift in 2018?
This article sheds light on a significant debate about the final shape of a post-Brexit arrangement
A majority of major banks stated that they would be implementing a hybrid approach of converting existing entities in the EU as well as opening new offices
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Adapting API Management Strategy
Big data management is an essential part of today’s digital economy
Web API is gradually becoming the foundation for organizations to build a digital business and connect with business partners and external entities
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FRTB – Fundamental Review of the Trading Book Sensitivities-based Method of the Standardised Approach: the step-by-step recipe
The paramount focus is on the calculation of market risk
The calculation of market risk consists in determining a capital charge per risk class and aggregating them to determine the overall capital charge for market risk
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Innovation is anything, but business as usual post Brexit
A read on how large institutions are revising their organizational structures and business strategy
Post Brexit, it’s important for the FinTech sector to respond to its own challenges, namely; investor uncertainty and financial risk.
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Payment Services Directive 2
New Banking Landscape and Strategic Opportunities
This white paper provides the high-level key objectives and factors of PSD2 initiatives and next steps banks can take to be competitive in this market
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How Prime Brokers can use Blockchain to transform their Business Models
How Blockchain is helping in collateral management and real-time credit risk
Regulation has made prime brokerage a challenging industry with increasing expenses and lengthy processes related to securities lending and collateral management
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Blockchain Path to Production: Why Blockchain Interoperability Needs to be a Key focus for 2018
Focusing on key Blockchain interoperability strategies for 2018
Interoperability is all about relating to conversations around path to production and how blockchain applications will integrate with legacy systems
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The Top 5 Trends in Banking for 2018
Five top areas that banks can and should focus on in 2018
Banks now have a lot of options on how to innovate and differentiate themselves to an increasingly growing digital customer base.
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Give Me Back My Data
Sorting out the facts: What exactly is GDPR?
The General Data Protection Regulation, known as GDPR, replaces the Data Protection Directive 95/46/EC (DPD) and aims to harmonize the data privacy law in Europe.
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Cybersecurity
Preventing criminal or unauthorized use of electronic data
Steps to avert the next headline-grabbing and costly cybersecurity breach
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How to use VR, AR and MR to Design Meaningful Experiences in Financial Services
Bridging the gap between digital and the physical world
Assessing the maturity of Virtual, Augmented and Mixed Reality for Financial Services
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Will Regulating RegTech Benefit the UK’s Financial Services Industry in the Long-Term?
How RegTech is impacting the FinTech space.
RegTech solutions are becoming increasingly innovative, utilising technology that would have been off-limits to the bigger banks before.
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Looking Past the AI Hype: Benefits of Data Science Application in Financial Services
How AI is making a significant impact.
While the idea of modern-day Artificial intelligence (AI) has been around for years, rapid innovation in the last couple of years has led to immense growth and potential for AI.
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The next steps for technology in Insurance
Symbiosis Technology’s InsurTech Accelerator Program
Combining Insurance consulting expertise with Digital Innovation and Technology to deliver an end-to-end solution for business challenges
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Banking as a Platform
It’s time for banks to open-up and integrate!!!
Banking as a Platform (BaaP) is a new emerging concept about embracing innovation and redefining customer experience.
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GDPR in need for an effective digital strategy
GDPR aims for more control of an immense data-driven economy
Read on to know how GDPR can be positively looked at as an opportunity for firms to improve their business processes
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Why Innovation and Cost Pressure Have Made It the Time for Cloud in Financial Services
Time for Cloud in Financial Services
Read on to know why financial services firms globally are altering their business models and rethinking their approach to cloud.
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Finding balance in designing and implementing an integrated physical and digital experience
How emerging technologies are redefining user experiences for financial institutions
Emerging technologies are redefining user experiences as financial institutions, including banks are evolving and transforming the customer journey into an experience
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International Payments Eco-systems
Reduced settlement time and fees for end users is the Blockchain promise
Blockchain promises to greatly reduce settlement times and fees for end users, by removing intermediaries along the value chain
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What financial institutions can learn from the Ethereum Parity Hack?
Vulnerabilities and risks associated with emerging technologies
Vulnerabilities and risks to keep in mind when dealing with emerging technologies to prevent events like the Ethereum Parity Hack.
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Financial Services Retooling
Technology untying value chain for financial services
Technology - the key enabler facilitating vital execution strategies and business model choices for unpicking the value chain for financial services.
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What WannaCry Can Teach Businesses about Legacy Technology
Vulnerability of legacy systems to cyber-attacks
Vulnerability of legacy systems to cyber-attacks is raising risk for financial services firms. Read on to know what can be done about it and how.
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Assessing the likelihood of ‘Soft Brexit’
Brexit and the uncertainties
The upheaval in UK’s political sphere adds to the uncertainties Brexit faces and forces banks to manage the ongoing uncertainty
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Let the Games Begin: Developing a Digital Strategy for Gamification
Contemplation on gamification – the way forward for financial services
The emerging digital strategy of financial services firms is compelling them to embrace gamification as a crucial employee engagement tool.
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Rethinking Experience Design
Enabling Innovation through Design Thinking – The Symbiosis Technology Way
Symbiosis articulates four stages of Design Thinking: Empathize, Exploration, Validation, and Materialization.
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NoSQL Data Modelling Techniques
Different data modeling techniques will help businesses add greater depth to future initiatives.
NoSQL data modeling - an important cornerstone for businesses embracing system upgrades, data optimization, and innovation.
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The potential overlaps between FRTB and MiFID II
Complexities that could cause an overlap between MiFID II and FRTB
Industry regulations like MiFID II and FRTB do involve tremendous complexities could potentially provide complementary overlaps.
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How Blockchain Would Improve the Mortgage Process
Blockchain has the potential to transform the entire mortgage financing industry.
Blockchain may not be the technology of choice when it comes to digital transformation initiatives, but the features are compelling enough to make it part of the conversation.
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UK to leave Single Market
Globalization has strengthened London’s position as a global financial hub.
The fundamental principle of the Passporting Regime is to minimize the regulatory, legal burden on firms offering cross-border services within the Single Market.
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The Equivalence Regime and What it Means for Countries outside the EU
The equivalence regime and its nitty-gritties
Understanding the equivalence regime and what consideration firms in the EU need to make because of it.
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A ‘Smart’ Approach to Blockchain for Collateral Management: Bringing Banks and Blockchain Together
Automating collateral management through Blockchain
Collateral managers need to understand how Blockchain could automate collateral management and help banks better manage liquidity risk. Read on to know more.
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Get Ahead of the Game and Take a Page from the SEC’s Playbook
The use of new technologies by regulators
Regulators are embracing data analytics as part of their routine to detect illegal conduct and to expedite investigations. Read on to know more.
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One API for General Data Protection Regulation (GDPR) Data portability and PSD2 XS2A?
APIs enable systems to communicate with each other without any human intervention.
GDPR requires personal data to be kept in a structured, commonly used and machine-readable format.
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What Blockchain Could Mean for Compliance Professionals
Blockchain can transform the way banks and corporates address KYC regulation and compliance
Compliance professionals should consider whether blockchain is a genuine disruptive force.
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Look out Fintech: It’s a bumpy but fruitful road ahead
Are investors running out of patience to see tangible results from fintech?
2017 could be a year of reckoning for fintech companies that might lose their shine if they do not begin turning over profits.
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The latest developments in the battle against banking fraud
The fight against banking fraud goes to the next level
Financial institutions are today staying one step ahead of fraudsters by steadily putting in place processes backed by new-age technologies AI and Blockchain.
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MiFID II/MiFIR: Reporting for Financial Institutions
Our Regulatory Advisory Service provides a comprehensive review of all the new regulations affecting our clients.
The impact of the regulation can have far-reaching consequences and at a minimum requires the translation of requirements into a comprehensive project plan.
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Why blockchain is not just for banks
Blockchain enables faster processing of transactions between and within parties.
Blockchain would allow any participant in the value chain to share a single view of the financing around a shipment.
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Beware 2019: UK Ring-fencing Rules are Coming
Dealing with Ring-fencing
The Vickers Report recommends that ring-fencing in the UK must be completed by January 1, 2019 and that banks need to split their operations.
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Higher Investor Protection Standards Ahead Regardless of DOL Fiduciary Outcome
Firms would be held accountable by regulators for higher standards of investor protection
Businesses operating in the global regulatory environment are definitely looking at greater levels of safety, security and protection standards in the near future.
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Understanding the Path to Purchase in Financial Services Through Deep Learning
Leveraging the power of machine learning for consumer behavior.
Boosting the power of consumer behavior, deep learning enable businesses to chart the purchase journey and positively impact the outcome.
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How to get the most value out of your Digital Assets
Amalgamation of user experience with business and technology strategy
Amalgamation of user experience with business & technology strategy is crucial for global enterprises today.
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What Financial Services Firms Can Learn about UX
How the Financial Services Industry can be benefitted by UX Design
Financial services firms today are faced with relentless regulatory pressures and can actually leverage the other Know Your Customer (KYC) - UX Design from Becon.
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The Top 5 Banking Trends for 2017
“Disruptions” in FinTech show no sign of stopping in 2017
Thanks to a fast-changing global society and new technologies, change has definitely been accelerated bringing in disruption’ in the year 2016.
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LEI Revolution
Would LEI replace the client code?
Numerous upcoming regulations require legal entities to be identified using a standardized legal entity identifier thus impacting the Single Market in Financial Services.
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What You Need to Know about PSD2 in 2017
PSD2 in a nutshell
PSD2 involves alterations for financial institutions to gain access to payment accounts and is the most impactful requirement for banks.
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Insurance in the Era of Blockchain
Metamorphosis of the Insurance Industry through Blockchain
Innovative technologies like blockchain are set to revolutionize the insurance industry and ensure that insurance fraud is kept at bay.
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Design Thinking for Financial Services in the Mobile Age
Design-Centric approach for Financial Services in the Mobile Age
As financial services organizations look to elevate their brands, a design-centric approach is the secret to engage them in a more authentic and meaningful way.
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Revision of the Dutch Act on financial supervision
Dutch Ministry of Finance to revise the Act of the Financial Supervision
The purpose of the Consultation Document is to investigate how to make the rules and regulations for the financial markets more accessible and future-proof.
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Mobile App Development and Design
Do your developers and designers understand the business of your business?
Mobile app development needs to take into account business operations, technical requirements and most importantly, the customer.
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Market Data Optimisation (MDO)
The cultural change within large institutions
Importance of Market Data Optimisation in reducing risk, improving regulatory compliance and driving down operational costs
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MiFiD II/MiFIR: Best Execution
A Framework for Implementation
Learn about the changes in the concept of Best Execution and what needs to be considered when devising an implementation strategy
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Why Patch Management Matters in the Private Cloud
Patch execution with TDCs and different fundamental components
Choose to separate the entire patch management process for private cloud environment from traditional data center operations.
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So you want to be a CDO?
Here’s how you can join the exclusive club of Chief Data Officers (CDOs).
Congratulations! You are looking to join the exclusive club of Chief Data Officers, one of the most important jobs in an industry where data is everywhere.
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Why banks should embrace Artificial Intelligence & Machine Learning for their AML Compliance – Quickly and Now
Detect and prevent money laundering.
Banks look for evidence of structuring smaller transactions which are made in multiple numbers to avoid reporting.
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Leveraging AI to Minimize Regulatory Enforcement Action Risk
The SEC relies more on tracking illicit behavior.
The SEC has changed the way they run their enforcement program & have been relying more on tracking illicit behavior using data analytics.
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The Future of Global Payments
A recent BOA digital payments study that found mobile payments are up 255% in 2016.
A recent BOA digital payments study that found mobile payments are up 255% in 2016.
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Financial Services for the Millennial Customer
Rethinking global banking for the debt-heavy, group-thinking millennial generation
If in next four years 50% of your most profitable customers demand a different set of products & services, would you start to change your business now?
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Next-generation AML
Eliminating false positives in anomaly detection
Finding something undesired is a hindrance while identifying data anomalies, particularly when tracking down financial crime or market abuse instances.
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The Effect of Brexit on MiFID
Key facts and implications
If the UK joins the European Economic Area (EEA), it will still be part of the Single Market in Financial Service and there will be no change in financial regulation.
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Anti-money Laundering
Taking a holistic approach
It is time to stop, rethink and address regulation in a different, more holistic way, to drive down costs, improve compliance and enable critical global expansion.
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Brexit
The Cost of Relocation
While uncertainty looms following the Brexit vote, UK banks know one thing for sure-massive employee relocation costs are soon to come.
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BCBS 239
Cutting through complexity and moving forward
BCBS 239 being an ongoing directive, the regulators will be inspecting financial organizations to ensure they are genuinely complying with it and striving to improve.
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Blockchain
The case for banks to love the blockchain – six use cases
Blockchain creates transparency around transactions and provides safety and security for not only people’s money but also their data.
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You are having data issues
Combating data quality & integration issues
Your data might be erroneous, incomplete, inconsistent, outdated or untraceable. However, there is a way out.
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AIFMD & UCITS
An overview of the changing scenario
From regulation to implementation and about the impact of the new rules on the market.
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Solvency II
A brief introduction
Solvency II is an EU Directive aimed at protecting interests of policy holders and stability of the financial system.
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Anti-Money Laundering and Financial Crime
Challenges in 2016
Symbiosis Business Consulting shares some insights gathered from the Annual ACAMS Anti-money Laundering & Financial Crime seminar.
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Liquidity Risk Management in Europe
Baseline Basel III Pillar 2 by Dutch ILAAP
The Dutch Central Bank (DNB) introduced the Internal Liquidity Adequacy Assessment Process (ILAAP) in the Netherlands in June 2011.
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The Era of IoT
Reinventing the Insurance industry
With advances in technologies like sensors and wearables, there are new digital opportunities throughout the insurance value chain.
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Agile Scrum
Enabling IT to meet rising business demands
How Agile Scrum supports your IT organization in delivering high performance & business value
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Treasury to expect more from T2S
Optimizing the secured funding process
TARGET2-Securities (T2S) is aimed at creating a competitive EU market and overcoming fragmentation in Europe in post-trade markets.
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Digital Transformation
The key to your business survival today
In today’s rapidly evolving society, consumer lives in an always connected world of digital interactions, contextual data analytics and real-time advice.
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Top Insurance Technology Trends
An era of digitally transformed solutions

Securities Financing Transaction Regulation (SFTR)
Balancing transaction transparency & collateral fluidity
SFTR is part of the European Commission’s efforts to curb risks in the securities financing and derivatives market by bettering transparency.
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Artificial Intelligence
The robotification of banking: Why AI is really smart
In the face of staggering challenges, banks should explore how AI can be applied to its numerous processes not only to save costs but to create a better bank.
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The Mobile-First Strategy
How Mobile-First is transforming the banker
'Mobile-First' has less to do with devices and more to do with a cultural mindset, change in your business model and associated back office operations.
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The Debate of ‘Digital Only’ Business Model
Is this the right time?
How long will Digital disruption last, and is being digital enough of a differentiator to create large corporate casualties?
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The Impact of EMIR
Is your organization ready?
EMIR is part of the G20 commitments to prevent future financial crises. EMIR applies to both financial and non-financial counter parties.
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New Age Banking
The top banking trends in 2016
From a consumer perspective, all the great technologies that have been talked about over the past two years, should start becoming a reality in 2016.
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Risk Management
Managing intraday liquidity risk
Managing intraday liquidity risk ensures that expected payments run smoothly and avoids negative signaling effects in the market.
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