The industry-wide transition from London Interbank Offered Rates (LIBOR) to Alternative Reference Rates (ARRs) is rapidly approaching. Strong system integration testing practices, coupled with a comprehensive validation and verification strategy, are essential components for a successful transition. Failure to implement a robust testing framework risks inaccurate regulatory reporting, which often translates into loss of confidence of the overall program and may draw unwanted regulatory scrutiny.
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Data to Insight: Using Visualization to Give a Voice to Your Data
At a fundamental level, data needs to be both relevant and understandable in order to derive the maximum benefit. Data analytics provides the framework to make data relevant, while data visualization helps to make the data understandable. Teams that can successfully combine data with design to drive actionable insight and make effective business decisions, will give their organizations a competitive advantage.
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Capitalizing on the New Current Expected Credit Loss Deadline
Current Expected Credit Loss (CECL) rules represent a major change in loan-loss accounting from the legacy “incurred loss” model. Implementing these new standards will represent a whole-organization challenge, requiring extensive expertise. A recent extension to the implementation deadline provides an opportunity for smaller firms that have not yet transitioned to ensure they are doing so in a systematic and forward-looking way.
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Leveraging DevOps to achieve faster delivery and higher quality in financial services firms
In recent years, many companies have reimagined their technology organization models in order to release software more rapidly and reliably. As such, DevOps has become the answer for businesses searching for competitive advantage and increased customer satisfaction, including financial institutions ranging from small trading firms to large industry players such as global banks and exchanges.
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Best Practices for LIBOR Transition Readiness
Recently, many of the various LIBOR working groups published recommendations and objectives for transitioning from LIBOR to the new ARRs. Hundreds of market participants have contributed to consultative papers and publications to assist financial institutions in addressing complex scenarios encountered as part of their individual LIBOR transition journey. To alleviate concerns and industry-wide pressures, Monticello has prepared this best practice insight paper to assist our clients in their preparation ahead of the anticipated January 1st, 2022 LIBOR end date
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Good to Great: The Makings of a Successful Product Owner
The success of any organization hinges on the ability to quickly adapt and evolve in response to changing end user demands in today’s fast-paced environment. Product Owners are constantly challenged with refining the vision and maximizing the value of their product to meet both consumer and stakeholder expectations. Given their pivotal function, a clear understanding of a PO’s role and responsibilities is critical to the successful strategic direction of all companies that rely on technology solutions to serve their customers.
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