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Thematic Report July 30, 2021
Decoding the Sustainability Opportunity in BFSI: Deep-dive into the Environmental, Social, and Governance (ESG) Data & Analytics and Technology Provider Landscape
Banking, Financial Services, and Insurance (BFSI) firms are under increasing pressure to operate sustainably and be mindful of their economic, social, and environmental impact. Regulatory push, changing demographics, risk mitigation, and surge in brand equity have… -
Thematic Report July 23, 2021
Cloud in Capital Markets – the Backbone of Digital Financial Infrastructures
Capital markets firms are seeing a wave of disruption due to an increase in digital assets, the demand for self-service and personalized experiences, and threat from new competitors. They are seeking ways to adapt and innovate… -
Digital assets have come a long way from only being Bitcoin to a complete array of increasingly used financial assets. Coinbase’s striking rise has demonstrated a growing acceptance for cryptocurrency that could stick with traditional investors.…
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State of the Market July 15, 2021
Digital Transformation in the London Insurance Market
The UK insurance market, the world's largest (re)insurance hub, is poised for radical transformation with the recent release of Lloyd’s Blueprint 2.0, the marketplace’s digitalization program. The transformation has been accelerated by consumer needs, habits, and… -
Thematic Report July 14, 2021
Opportunities and Challenges in the Global Cyber Insurance Market
The global cyber insurance market is currently valued at nearly US$7 billion-8 billion and is expected to grow at over 20% CAGR over 2020-23 on account of increasing cyberattacks, the growing need for IT compliance and… -
State of the Market June 30, 2021
Deconstructing the Digital Assets Revolution – What Financial Institutions Can Learn from the Meteoric Rise of Coinbase
Digital assets have come a long way from their nascent form as cryptocurrencies to a complete array of financial assets with increasing use cases. In fact, the year 2020 and Q1 2021 experienced a surge in… -
PEAK Matrix® June 30, 2021
Application and Digital Services in Banking PEAK Matrix® Assessment 2021: Global and Europe Focus
Evolving customer preferences, demand for digital and omnichannel experiences, and competition from FinTechs are impacting banks’ digital strategies and transformation initiatives. COVID-19 has significantly accelerated enterprises’ digitalization plans and adoption of new technologies for processes such… -
Webinar Deck June 22, 2021
Webinar Deck: Digital for Good: Shape Your Sustainability Journey
On June 22, Everest Group hosted a webinar titled, "Digital for Good: Shape Your Sustainability Journey." Businesses play a vital role in the economy by creating jobs, fostering innovation, and providing essential goods and services. In… -
The consumer lending industry is poised to see significant growth on the back of pent-up demand, which has started getting released to make up for low consumption during the pandemic. Consumer behavior has changed dramatically in response…
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The ESG platform/product vendor ecosystem is expanding at an exponential rate, with banks increasingly collaborating with the larger network following the pandemic. Large banks such as Citibank have collaborated with Truvalue Labs to accelerate their ESG…
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State of the Market March 05, 2021
Healthy Rebound in BFS IT Services Spend – Growth Themes and Cautions
The continuing COVID-19 crisis has been accompanied by considerable uncertainty and change, leaving the Banking and Financial Services (BFS) industry grappling with several challenges and no direct answers to multiple questions: How will the world shape… -
Banking, Financial Services, and Insurance (BFSI) firms are under increasing pressure to operate more sustainably, mindful of their economic, social, and environmental impact. This implies conforming to Environmental, Social, and Governance (ESG) regulations, which mandate enterprises…
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State of the Market Feb. 26, 2021
Insurance IT Services – State of the Market 2021: Future-readying Insurance Business Through Continuous Digital Unraveling
The coronavirus pandemic and the resulting economic fallout have adversely impacted insurance businesses, leading to demand stress, revenue compression, and profitability pressure. In addition, consumer needs, habits, and expectations, which were gradually evolving pre-COVID-19, have radically… -
Technology used to be an enabling strategic pillar for banks and financial services (BFS) organizations. Now, it is the core of these firms’ value creation playbooks. Indeed, BFS firms are building digital capability platforms using modern…
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Provider Compendium Jan. 15, 2021
Application and Digital Services (ADS) in Life and Annuities (L&A) Insurance – Service Provider Compendium 2021
Life and Annuities (L&A) insurers are facing twin pressures – profitability pressures due to an interest rate decline globally and increasing legacy technology costs due to outdated core systems and a legacy technology backbone. This has… -
In the wake of the 2008 financial crisis, leaders of the G20 summit laid out the Uncleared Margin Rules (UMR) as part of the financial regulatory reform agenda. The goal of these rules was increasing transparency…
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Thematic Report Dec. 16, 2020
Life & Annuities (L&A) Insurance Core Platform Software Adoption Trends – Unlocking Efficiency and Growth for L&A Insurers
Core modernization is becoming a strategic mandate for L&A insurers, to enable transformation on the back of uncertainties induced by the pandemic and market stresses. L&A insurers are adopting a platforms-based approach to core modernization, by… -
Provider Compendium Dec. 11, 2020
Insurance Business Model Innovation Enablement Services – Service Provider Compendium 2021
The rise of the sharing economy, rapidly evolving customer demands, the changing nature of risks, and significant COVID-19-caused shifts in the business environment have prompted carriers to institute new business models by enabling products, services, pricing,… -
Provider Compendium Dec. 11, 2020
Application and Digital Services in Capital Markets – Service Provider Compendium 2021
Historically, global capital markets firms have been slow in addressing digital disruption, but the COVID-19 pandemic dramatically accelerated their plan for organization-wide digital transformation. Some of the key challenges that capital markets enterprises focused on at… -
PEAK Matrix® Dec. 10, 2020
Application and Digital Services (ADS) in Life and Annuities (L&A) Insurance – PEAK Matrix® Assessment 2021
Life and Annuities (L&A) insurers are facing twin pressures – profitability pressures due to interest rate decline globally and increasing legacy technology costs due to outdated core systems and a legacy technology backbone. This has accelerated…
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