随着有关ch finds connected planning can transform retail banking

Financial institutions are having to jump a series of increasing hurdles in the race to stay ahead of their rivals—both large and small. Heightened regulation, a volatile macroeconomic climate, and digital disruption in the shape of advanced technology and agile start-ups have put numerous businesses on the back foot. This is borne out by a report, “The top financial services issues of 2017,” from professional services firm PWC—artificial intelligence, blockchain, Brexit, competition for non-traditional players, and the regulatory environment all featured in the top seven places.

These were some of the key issues raised at Anaplan’s European Financial Services Summit held on September 26. The event included speakers from some of Europe’s largest financial institutions such as RSA Group, Aviva, and Provident Financial Group. The overall consensus that emerged from discussions was thatcloud-based connected planningcould enable businesses to respond to challenges within the market by uniting data, people, and plans on a single platform.

A centerpiece for discussion was Anaplan’s recent report, conducted in partnership with FT Remark, titled: “Joining the dots: How connected planning will transform banking.” Here are the key findings from the report:

Clouds overhead: Banks face a new raft of challenges

Banks are facing a range of unprecedented challenges in their day-to-day business. Yet, one stands above all others—increasing customer expectations. Innovation technologies produced by agile start-ups have increased competition exponentially and challenged traditional business models. This has required retail banks to become more flexible and adaptive. Of the survey respondents, 80 percent rate changing customer demands as a significant challenge facing retail banks.

In addition, unexpected upheaval within the global political landscape has become the new normal. Against this backdrop, whether it’s the UK’s decision to withdraw from the EU or the Trump administration’s plans to unwind financial regulations, banks have had to learn to adapt. This is reflected in the survey: 66 percent of respondents cite maintaining agility to respond to economic volatility as a major challenge (Click to tweet).

对于银行来说，多个接口是另一个问题，有66％的受访者说他们的财产和风险架构有些孤立。旨在解决单一问题的点解决方案已响应日益复杂的银行法规而扩散。这导致了越来越多的隔离筒仓系统，因此很难整合公司范围内的信息。

Outlook overcast: Banks current planning processes are inadequate

The survey reveals that banks are failing to adequately respond to an increasingly complex regulatory environment. Over half (58 percent) of respondents say that they have not put digital measures in place to comply with financial services regulations in their planning processes. Meanwhile, 74 percent cite carrying out scenario-based modeling as the most challenging aspect in relation to new capital and liquidity regulations.

Another roadblock to successful planning is limited access to credible data, which in turn leads to inaccurate forecasts. Among survey respondents, 42 percent cite inaccurate or untimely data as the biggest challenge for developing scenario-based modeling.

银行没有在整个组织中使用联系的计划，这一事实导致了生产力降低和沟通不亚博vip反水佳的常见陷阱。该调查显示，只有超过一半（54％）的受访者仅在某些功能中使用基于云的计划而不是整个组织，而64％的受访者表示，整个组织中的业务计划都不可见。

A break in the clouds: Improved planning is a top priority for banks

调查显示，银行正在采取措施克服提到的挑战。的确，有96％的受访者表示，他们计划在未来三年内实施更多基于云的计划，而54％的受访者则提高了前瞻性计划，这是其业务计划中的优先事项（Click to tweet).

One way that connected planning can achieve this is to integrate disconnected architecture, with 88 percent of survey respondents saying that the scale and complexity of legacy data is a factor preventing them from making greater use of cloud-based planning.

Survey responses show that banks urgently need to boost the agility of their planning processes. Utilizing a connected planning approach not only allows financial institutions to tackle new threats and meet accelerating regulatory demands with confidence, but also enables them to identify and seize emerging opportunities.

Those are just some of the key takeaways from “Joining the dots: How connected planning will transform banking.” How advanced is your digital journey? Are you putting customers first? Download the report and share your reactions in the comments below.

Joining the dots: how connected planning will transform banking

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