Karl Augenstein

Breaking Out of the Box: Explore the challenges banks face with their tech stack and vendor relationships, and learn how to navigate the path to transformation with innovative strategies. #BankingTransformation #CCGCatalyst #BankAndFintech Breaking Bankers’ Transformation Logjam: Tyler Brown https://lnkd.in/gRvR6Bx9

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This McKinsey & Company article outlines key levers for value creation in midcap companies: strategic focus, operational efficiency, and digital innovation. These areas are essential for driving sustainable growth and competitive advantage. In my experience - a focus on clear strategies, streamlining operations, and leveraging digital tools can achieve transformative results and long-term success. For more details, check out the article: (https://lnkd.in/gYxK9YpR).

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The tech-driven future of banking: It’s about strategy, not just solutions. Explore why banks must align tech investments with a tailored approach to evolving consumer needs. #BankingTech #CCGCatalyst #BankingInsights The Banker's Technology Playbook: Paul Schaus https://lnkd.in/gyPxAucH

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🗞️ Partner at Capco's US Digital Engineering Practice, Teuta Doko Naghshineh, underscores the pivotal role of prioritizing internal technology adoption within banking strategies. She emphasizes the significance of technologists as the front of innovation and advocates for empowering them with access to cutting-edge tools. With innovation as the cornerstone, explore the article below for deeper insights. #Technology #Financialservices #DigitalTransformation

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How can banks transform physical climate risk into an opportunity? Climate-driven natural disasters are becoming the new normal. Banks must understand their current and future portfolio exposures to climate-related physical risks. With banks’ portfolios already highly exposed to physical climate risks, a robust science-based approach for quantifying physical risk should be developed. In our latest white paper we share the four building blocks of robust physical-risk quantification and how to leverage physical-risk assessment to create value. #ClimateRisk #RiskManagement

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My colleague Basab Mitra and financial services veteran Nathan Bostock had an insightful discussion about the rapidly evolving landscape of #banking #transformation and the role #AI is playing in reshaping how leaders approach digital #innovation. Learn how AI is opening up unprecedented opportunities for growth and reinvention: https://lnkd.in/gi686Qah #Fintech

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Understanding the evolving role of Project Managers is crucial for success in today's transformational projects. What is expected goes beyond the formal role of project managers, evolving to business partners to drive value. By adapting to these changes, Project Managers can effectively navigate the complexities of transformational initiatives, drive innovation, and deliver significant value to their organizations. #mastercard

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In his recent Forbes article, Michael Abbott from Accenture explores the transformative potential of digital conversations in banking. He discusses how banks can enhance customer loyalty and differentiate themselves in a crowded market by fostering meaningful interactions through digital channels.   Key Takeaways: - Customer Loyalty: In an era where digital efficiency has overshadowed personal interaction, the article highlights the importance of conversations in maintaining customer loyalty. - Digital Touchpoints: With banks managing over a trillion touchpoints globally, transforming these into conversational opportunities could be a game-changer. It's time for banks to shift from product to customer-centric approaches. Let's bring genuine conversations back to banking and reconnect with our customers on a deeper level. Explore the full article: https://lnkd.in/eG7UizM4 #Banking #DigitalBanking #CustomerEngagement #Fintech #Innovation

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Regulatory Storm in BaaS: With 12 sponsor banks now facing regulatory trouble, learn about the common compliance lapses and third-party risks in the BaaS industry. How can banks navigate this? #BaaS #CCGCatalyst #BankingResearch How BaaS Compliance Normalizes: Tyler Brown https://lnkd.in/gPGFaUGh

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Open banking is on the rise! The CFPB’s latest rule brings us closer to a transparent and inclusive financial future. Learn how this step forward impacts fintechs and FIs. #OpenBanking #CCGCatalyst #BankingResearch How to Think About Last Week’s Open Banking News: Tyler Brown https://lnkd.in/gSNSpXAA

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Open banking is on the rise! The CFPB’s latest rule brings us closer to a transparent and inclusive financial future. Learn how this step forward impacts fintechs and FIs. #OpenBanking #CCGCatalyst #BankingResearch How to Think About Last Week’s Open Banking News: Tyler Brown https://lnkd.in/gSNSpXAA

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Constant macro-economic shifts, increased merger activity from higher interest rates, limited functionality of core banking technology and goal posts always being moved by regulators means that a continuous improvement effort to streamline operations is a strategic imperative for financial institutions. Process mapping should always the starting point for transformation, continuous improvement, automation or analytics efforts. In this long-form explainer about process mapping and improvement in banks and credit unions, we detail not only how to map business processes, and what tools are used and common pitfalls to avoid, but also how to generate an opportunity-rich process-improvement roadmap that will lift your financial institution’s efficiency ratio, and other strategic executive-level KPIs, by entire quartiles, in less than a year.

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Embed #GenAI at the heart of your strategy. Transform your business through AI infused products, services and processes. Deploy #GenAI to shape your workforce of the future, driving change from the front line. Discover how the right #technology combined with Capco’s deep industry expertise can solve your biggest and most complex challenges. Find out more: https://okt.to/qCY3P9 #AIinfused #finserv #energy #transformation

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If you want to understand why ValidMind is hitting top quadrants in the Chartis Research Model Risk & Validation Report, reach out to us to see why!

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Breaking the Single-Provider Paradox: Explore the pitfalls of relying on a single vendor for all banking technology needs. Find out why diversity in technology solutions is crucial for staying competitive in the digital era. #SingleProvider #CCGCatalyst #BankingResearch Fighting Bankers’ Single-Provider Paradox: Tyler Brown https://lnkd.in/g3mvtT8H

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Fired up for GenAI week here at Capco! Check out our latest article below and let us know how we can support you on your GenAI journey!

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AI is on everyone's radar but is poorly understood by most on how to embed it into our organizations and how to make money using it. This month we launched an article series helping FIs and payment companies understand the competitive landscape, break down the value chain and identify revenue drivers (or cost savings) in the AI industry. Our first article covers how FIs become prepared to leverage AI -- what does the modern banking tech stack look like? Thank you Fabiane Ziolla Menezes for your spectacular insight https://lnkd.in/e_Xpn2mW #ai #genai #artificialintelligence

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The FiDA framework requires banks to balance compliance with strategic transformation. From data sharing to modernization, the stakes are high. Let’s prepare for a new era in financial services that prioritizes collaboration, trust, and innovation. Find out more. #Fintech #OpenFinance #DigitalTransformation

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