How can today’s financial services organizations adapt and respond quickly to what’s next? To find out, we surveyed 86 U.S. and U.K.-based financial services leaders in June 2022. Our research findings tell the story of an industry at a crossroads. From an onslaught of new competitors and changing customer needs and preferences to new technology and data sources; the very nature of financial services is being redefined. And as the market continues to change rapidly, incumbents must rethink their businesses and how they operate them. In response, industry leaders are striving to build flexible transformation strategies—ones that allow them to adapt quickly to current and future change and remain competitive.
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From Collapse to Control: Lessons from Silicon Valley Bank
In the financial services industry, where nearly every action involves some level of risk, banks must carefully, intentionally, and proactively balance potential risks with fair rewards. But how much risk management is needed, and what exactly does risk management and control entail? We explore in this blog.
Staying Ahead of the Curve: How to Navigate Community Reinvestment Act Changes
This blog explores the most recent regulatory change that financial services leaders must proactively address: the Community Reinvestment Act.
Navigating Regulatory Changes in 2024
The financial services landscape is ever evolving, and in 2024, organizations are confronting a regulatory environment marked by unprecedented intensity and complex challenges. We’re sharing insights from several aspects of the regulatory sphere as the market is experiencing a surge in intensity, characterized not only by the introduction of net new regulations but by a high volume of issuances spanning across risk management. This includes regulatory compliance, third-party risk, enterprise risk, governance, and data.
The Financial Brand: Chris Palumbo on the Rise of Regulatory Technology Investment
More and more businesses are investing in technology for regulatory compliance. Chris Palumbo, AVP and Practice Lead for Risk, Regulatory, and Compliance Advisory Services, shared his thoughts on why in a recent article in The Financial Brand. He talks about tackling fraud and increasing compliance, as well as the rising popularity of open banking.
Financial Services Leaders: AI Is Here. Is Your Compliance Program Ready?
Artificial Intelligence (AI) offers unprecedented opportunities for compliance leaders within the Financial Services industry. Check out this blog to learn how AI can help you detect risks faster while simultaneously cutting costs. Plus, we offer tips for overcoming four key obstacles to risk and regulatory AI adoption.
North Highland Recognized by Independent Research Firm Among Notable Innovation Consulting Services Providers
North Highland is named “Notable Provider” in Forrester's latest report, The Innovation Consulting Services Landscape, Q1 2024.
Transformation Management
Realizing your potential requires an adaptive roadmap and a value-guided, flexible approach to delivering work. To move with constant change, you’ll need to regularly pressure-test assumptions, revisit priorities, and improve a little more each day. Transformation Management at North Highland does just that.