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Top financial services trends of 2024

IBM Big Data Hub

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. An investment in the tools and infrastructure to combat such threats is likely to occur in 2024.

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Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

This is evident from emerging regulatory requirements and expectations in UK (Bank of England’s Critical Third-Party regime), Europe (Digital Operational Resilience Act)), Australia (APRA CPS-230 Operational Risk Management) and Canada (OSFI – Operational Resilience and Operational Risk Management), etc.

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Simplifying IAM through orchestration

IBM Big Data Hub

The 2024 report showed a 71% increase in valid identities used in cyberattacks year-over-year. Orchestration solutions improve the efficacy and efficiency of risk management along digital user journeys. Identity orchestration Identity and access management projects are complex enough with many taking 12-18 months.

Risk 59
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Make data protection a 2023 competitive differentiator

IBM Big Data Hub

By 2024, for instance, 75% of the entire world’s population will have its personal data protected by encryption, multifactor authentication, masking and erasure, as well as data resilience. They go to great lengths to integrate trust, transparency and risk management into the DNA of the company culture and the customer experience.

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How to become an AI+ enterprise

IBM Big Data Hub

In 2024, companies confront significant disruption, requiring them to redefine labor productivity to prevent unrealized revenue, safeguard the software supply chain from attacks, and embed sustainability into operations to maintain competitiveness.

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The tsunami of sustainability disclosures facing American multinationals: Is your company prepared?

IBM Big Data Hub

For the first wave of companies affected, sustainability reports will be required as soon as fiscal year 2024. These requirements will likely mandate publicly traded companies to disclose their greenhouse gas (GHG) emissions footprint, climate-related goals, and progress, as well as climate-risk related financial impact and expenditures.

Risk 83
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The top ESG trends in 2024

IBM Big Data Hub

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important as it relates to a company’s business model, risk management strategy , reporting requirements and more. ESG Regulations in 2024: Everything you need to know (link resides outside ibm.com).