Category: Technology Trends & Competitive Advantage

Harnessing tech as a driver of business success.
Unpack emerging digital tools, platforms, and innovations that are reshaping industries. This category focuses on practical ways technology can be leveraged to unlock efficiency, scalability, and competitive differentiation.

Technology Trends & Competitive Advantage

Harnessing AI for Effective Business Continuity Planning

Indrajit Roy Choudhury

In a rapidly evolving technological landscape, businesses must prioritize resilience through Business Continuity Planning (BCP). AI enhances BCP by predicting risks, improving response times, and aiding recovery. Its capabilities in risk assessment, scenario planning, real-time crisis management, and post-crisis analysis bolster organisational preparedness. Despite challenges like data quality and ethical concerns, the advantages of integrating AI—such as proactive risk management and cost efficiency—position businesses to navigate disruptions effectively and thrive amid uncertainty.

Banking Excellence & Financial Innovation, Enterprise Transformation & Innovation Strategy, Technology Trends & Competitive Advantage

Navigating the Future of Corporate Lending: Embracing Digital Change

Indrajit Roy Choudhury

The corporate lending and trade finance sectors are evolving due to digitalisation, AI, and global market dynamics, creating opportunities alongside challenges. Institutional investors and private credit funds are gaining prominence, requiring agility and transparency. Financial institutions must enhance digital services to meet client expectations while addressing a looming talent crisis as seasoned professionals retire. AI is transforming operations, and tokenisation may revolutionise trade finance, although standardisation hurdles exist. Adapting to these trends is essential for success.

Technology Trends & Competitive Advantage

The Evolving Landscape of Cross-Border Payments: Beyond SWIFT & the Rise of Innovation

Indrajit Roy Choudhury

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has long been essential for cross-border payments, connecting over 11,000 institutions. However, the emergence of digital currencies, especially China's digital Renminbi (RMB), poses challenges to its dominance. While the digital RMB could enhance efficiency and reduce reliance on the U.S. dollar, its global adoption faces significant hurdles. The future likely involves a coexistence of traditional and new payment systems.

Technology Trends & Competitive Advantage

How Will AI Transform Global Economies? Exploring Opportunities and Challenges

Indrajit Roy Choudhury

AI is indeed revolutionizing economies, but its benefits are disproportionately distributed, with advanced nations reaping more advantages compared to developing countries. To create a fair future, it is essential to implement inclusive policies, foster international cooperation, and prioritize the ethical development of AI technologies.

Banking Excellence & Financial Innovation, Technology Trends & Competitive Advantage

How Banks Can Monetize Open Banking and Generate Revenue

Indrajit Roy Choudhury

Open banking is revolutionizing finance by enhancing customer control over data and creating new revenue sources for banks. By sharing data through APIs, banks can personalize services, form partnerships, and innovate. Challenges include compliance and security. Success depends on embracing technology and customer-centric strategies to thrive in this evolving ecosystem.

Technology Trends & Competitive Advantage

Navigating Change: A Journey Through Change Management and Digital Innovations in Banking

Indrajit Roy Choudhury

The banking industry has evolved from manual processes to digital innovations driven by AI and blockchain technology. Change management plays a vital role in this transformation, addressing challenges such as resistance and infrastructure gaps. Future advancements focus on customer experience, collaboration, and sustainability, highlighting the importance of adaptability in banking success.

Technology Trends & Competitive Advantage

Project Nexus: Building a Global Network for Instant Cross-Border Payments

Indrajit Roy Choudhury

Project Nexus, initiated by the Bank for International Settlements, aims to standardize cross-border payments by connecting Instant Payment Systems (IPS) globally. It seeks to reduce transaction costs, enhance speed, and improve transparency for users. While addressing challenges like regulatory compliance and diverse payment infrastructures, Nexus promises a more inclusive and efficient global payment environment.

Technology Trends & Competitive Advantage

Safeguarding Digital Assets – A Guide to Password Security and Access Control

Indrajit Roy Choudhury

Password security and access control are crucial for protecting sensitive information. Strong, unique passwords and securing them with password managers can prevent unauthorized access. Implementing layered access controls, including role-based and discretionary access, alongside practices like multi-factor authentication and user education, enhances security, safeguarding against data breaches effectively.

Technology Trends & Competitive Advantage

E-Invoicing: Automation, Global Tax Compliance, and Digital Transformation

Indrajit Roy Choudhury

E-invoicing is revolutionizing business processes by enabling electronic generation and processing of invoices, enhancing automation and global tax compliance. It minimizes manual errors, reduces costs, and accelerates payments while ensuring compliance with diverse tax regulations. As businesses digitize, e-invoicing plays a pivotal role in efficiency and sustainability, indicating its future significance.

Technology Trends & Competitive Advantage

Streamlining Cash Flow: The Role of Automation and AI in Modern Cash Management

Indrajit Roy Choudhury

Cash management is essential for organizational financial stability, improving cash flow management and profitability while minimizing risks. Digitalization has transformed traditional systems, enhancing efficiency and real-time visibility through automation and advanced technologies. Key practices include liquidity management, cash positioning, and optimizing working capital, ultimately leading to improved decision-making and long-term sustainability.