HEXANIKA – THE CATALYST IN A BANK’S JOURNEY TO CLOUD-BASED DATA MONETIZATION
NOW IS THE TIME TO MONETIZE YOUR DATA! Large institutions accumulate data, a lot of data, Big Data, but is…
Read more... Blog
Blockchain: A Technology Fad That’s Fading Away!
Despite the hype around Blockchain in the past few years, a 2018 Gartner survey indicates Blockchain adoption rates are still…
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SupTech: Is AI Ready For Regulators?
Technology advancements in ML, AI and Big Data has led to further enhancement of supervisory processes, introducing SupTech. But is…
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Scope of Data Integration
Data[1] integration involves combining data residing in different sources and providing users with a unified view of data. This process becomes significant in a…
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How Big Data helps banks know their customers better
Lately, targeted ads have got more accurate than ever before, thanks to easy availability of data from our search preferences,…
Read more... 
Sandbox in Financial Services: An ideal testing platform
On April 14, 2016, the FCA (Financial Conduct Authority), one of the prime regulators in the United Kingdom, announced that…
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Big Data Adoption Process
Big Data, the current buzz word in the IT and financial space has caught the imagination of a lot of…
Read more... 
The Rise and Scope of FinTech
There are undoubtedly a lot of challenges banks are currently facing. The dynamic regulatory environment and the rise of technology…
Read more... 
How Big Data Addresses the Issue of Anti-Money Laundering
Anti-Money laundering (AML) is a term mainly used in the financial and legal industries to describe the legal controls that require…
Read more... 
Big Data Analytics: Modern day Use Cases
The primary goal of Big Data Analytics is to help companies make more informed business decisions by enabling data scientists, predictive…
Read more... 
Automation in Banking
Banking and Automation- the two terms are synonymous to each other in the same way bread is to butter –…
Read more... 
Why shift from ETL to ELT?
The process of data warehousing is undergoing rapid transformation, giving rise to various new terminologies, especially due to the shift…
Read more... 
History of Big Data
What is Big Data? In essence, Big Data is a term for data sets that are so large or complex…
Read more... 
Blockchain ’s Disruptive Technology
Ownership of Asset and transfers made between businesses can be costly, time consuming and inefficient with a high vulnerability of…
Read more... 
How Banks Utilize Big Data Technology
With the banking regulatory landscape undergoing a transformation, banks have realized the need for deploying Big Data technology to efficiently…
Read more... 
Which are the commonly used Hadoop Tools in Banking?
Hadoop Infrastructure Hortonworks The company provides Hadoop Implementation and Solutions to various industries, also including financial institutions. Their main focus…
Read more... 
Value: The lesser known ‘V’ of Big Data
Big data in the modern era is the main focus in the IT plans of all financial institutions. As the…
Read more... 
Hadoop in Banking: The Game Changer
What is Hadoop? Apache Hadoop is an open source software framework written in Java for distributed storage and processing of…
Read more... 
Why Is Big Data Analytics Important for Your Business?
Amazon with the support of Big Data Analytics targets potential buyers with suggestions like ‛Frequently purchased together’. Ever wonder why…
Read more... 
What is the hype around Big Data?
In the early 90s, most people would look puzzled when early adopters of the internet could not stop going gaga…
Read more... 
The Cloud for Productivity
In today’s world remote working is extremely essential because of the level of convenience it can get for any kind…
Read more... 
AML: Dissuade Money Laundering
Money Laundering Vs Terrorist Financing Money Laundering is a vicious method of making illegitimate money look legitimate by following the…
Read more... 
Discover Opportunities of Big Data Analytics
Big Data Analytics is the hammer which chisels the marble chunks of big data revealing risk patterns, fraud alerts, operational trends,…
Read more... The Big Question Answered: What is Big Data?
Big Data is rocking the world of technology as it grows at an exponential rate, but what is it exactly?…
Read more... New Kid on the block in Banking – Apple Pay!
Many believe Apple introduced the world to payments without cash or card. Long before Apple Pay came into being, Paypal,…
Read more... 6 Misconceptions of Big Data
Amidst the social, economic and technological revolution swirling around us, how we understand information has assumed even greater importance. Data…
Read more... Bank Technology Innovation : Shape Up or Ship Out!
Bank Technology: FinTech Innovation For far too long, banks have employed the same hackneyed business models, but now they…
Read more... Fair Lending
The use of AI/ML for proactive self-evaluation of Data submitted on HMDA, capturing the change using model based on CFPB published data
For Consumer Financial Protection Bureau (CFPB) and other regulators, data has become a new tool for carrying out analysis and…
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HEXANIKA at CFBPTechSprint
Last month my colleague told me that we were participating in a CFPB #CFPBTechSprint and you have to drive that…
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CFPB’s Fair Lending Agenda Under Biden
Acting Consumer Financial Protection Bureau Director Dave Uejio recently wrote that “fair lending enforcement is a top priority and will…
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Its high time we get our compliance priorities sorted!
As per Lyn Farrell and Kathryn Reimann per the article in American Bankers Association‘s newsletter convey that, its high time we get our compliance priorities…
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Proactive and transparent fair lending compliance is encouraged as per the Fair Lending Report of the Bureau of Consumer Financial Protection #cfpb , 2020.
Proactive and transparent #fairlending#compliance is encouraged as per the Fair Lending Report of the Bureau of Consumer Financial Protection #cfpb , 2020. Further to…
Read more... Governance Risk Compliance (GRC)
Running a community bank during the recession (Covid-19) or otherwise is a challenging task.
Running a community bank during the Recession (Covid-19) or otherwise is a challenging task.Here’s what we found in an article…
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Data and Risk & Compliance continue to be “pain in the neck” for the large financial corporations
Data and Risk & Compliance continue to be “pain in the neck” for the large financial corporations! $400 million is…
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NOW IS THE TIME TO MONETIZE YOUR #DATA!
NOW IS THE TIME TO MONETIZE YOUR #DATA! What is the problem?1.)Large institutions accumulate data, a lot of data, #BigData, but is…
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We live in a world of ever-growing regulations that Banks have to comply with. Let’s speak why, what and how?
We live in a world of ever-growing regulations that Banks have to comply with. Let’s speak why, what and how?…
Read more... Artificial Intelligence (AI)
HEXANIKA – THE CATALYST IN A BANK’S JOURNEY TO CLOUD-BASED DATA MONETIZATION
NOW IS THE TIME TO MONETIZE YOUR DATA! Large institutions accumulate data, a lot of data, Big Data, but is…
Read more... Blockchain: A Technology Fad That’s Fading Away!
Despite the hype around Blockchain in the past few years, a 2018 Gartner survey indicates Blockchain adoption rates are still…
Read more... SupTech: Is AI Ready For Regulators?
Technology advancements in ML, AI and Big Data has led to further enhancement of supervisory processes, introducing SupTech. But is…
Read more... Scope of Data Integration
Data[1] integration involves combining data residing in different sources and providing users with a unified view of data. This process becomes significant in a…
Read more... How Big Data helps banks know their customers better
Lately, targeted ads have got more accurate than ever before, thanks to easy availability of data from our search preferences,…
Read more... Sandbox in Financial Services: An ideal testing platform
On April 14, 2016, the FCA (Financial Conduct Authority), one of the prime regulators in the United Kingdom, announced that…
Read more... Big Data Adoption Process
Big Data, the current buzz word in the IT and financial space has caught the imagination of a lot of…
Read more... The Rise and Scope of FinTech
There are undoubtedly a lot of challenges banks are currently facing. The dynamic regulatory environment and the rise of technology…
Read more... How Big Data Addresses the Issue of Anti-Money Laundering
Anti-Money laundering (AML) is a term mainly used in the financial and legal industries to describe the legal controls that require…
Read more... Big Data Analytics: Modern day Use Cases
The primary goal of Big Data Analytics is to help companies make more informed business decisions by enabling data scientists, predictive…
Read more... Automation in Banking
Banking and Automation- the two terms are synonymous to each other in the same way bread is to butter –…
Read more... Why shift from ETL to ELT?
The process of data warehousing is undergoing rapid transformation, giving rise to various new terminologies, especially due to the shift…
Read more... History of Big Data
What is Big Data? In essence, Big Data is a term for data sets that are so large or complex…
Read more... Blockchain ’s Disruptive Technology
Ownership of Asset and transfers made between businesses can be costly, time consuming and inefficient with a high vulnerability of…
Read more... How Banks Utilize Big Data Technology
With the banking regulatory landscape undergoing a transformation, banks have realized the need for deploying Big Data technology to efficiently…
Read more... Which are the commonly used Hadoop Tools in Banking?
Hadoop Infrastructure Hortonworks The company provides Hadoop Implementation and Solutions to various industries, also including financial institutions. Their main focus…
Read more... Value: The lesser known ‘V’ of Big Data
Big data in the modern era is the main focus in the IT plans of all financial institutions. As the…
Read more... Hadoop in Banking: The Game Changer
What is Hadoop? Apache Hadoop is an open source software framework written in Java for distributed storage and processing of…
Read more... Why Is Big Data Analytics Important for Your Business?
Amazon with the support of Big Data Analytics targets potential buyers with suggestions like ‛Frequently purchased together’. Ever wonder why…
Read more... What is the hype around Big Data?
In the early 90s, most people would look puzzled when early adopters of the internet could not stop going gaga…
Read more... The Cloud for Productivity
In today’s world remote working is extremely essential because of the level of convenience it can get for any kind…
Read more... AML: Dissuade Money Laundering
Money Laundering Vs Terrorist Financing Money Laundering is a vicious method of making illegitimate money look legitimate by following the…
Read more... Discover Opportunities of Big Data Analytics
Big Data Analytics is the hammer which chisels the marble chunks of big data revealing risk patterns, fraud alerts, operational trends,…
Read more... The Big Question Answered: What is Big Data?
Big Data is rocking the world of technology as it grows at an exponential rate, but what is it exactly?…
Read more... New Kid on the block in Banking – Apple Pay!
Many believe Apple introduced the world to payments without cash or card. Long before Apple Pay came into being, Paypal,…
Read more... 6 Misconceptions of Big Data
Amidst the social, economic and technological revolution swirling around us, how we understand information has assumed even greater importance. Data…
Read more... Bank Technology Innovation : Shape Up or Ship Out!
Bank Technology: FinTech Innovation For far too long, banks have employed the same hackneyed business models, but now they…
Read more... Regulatory Reporting/Regulatory Compliance
The use of AI/ML for proactive self-evaluation of Data submitted on HMDA, capturing the change using model based on CFPB published data
For Consumer Financial Protection Bureau (CFPB) and other regulators, data has become a new tool for carrying out analysis and…
Read more... 
‘I’ For Innovation: How Technology Is Evolving Regulatory Compliance
The ever-growing relationship between technology and financial services has brought significant changes to the financial industry. Shifting market conditions, customer…
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Why is Regulatory Reporting Tough?
‘Regulatory reporting’ is the submission of raw or summary data needed by regulators to evaluate a bank’s operations and its…
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Regulatory Compliance: Why one size does not fit all!
Imagine going to a tailor and discovering that there is no measuring tape, just ready-made clothes of one size, meant…
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Regulatory Reporting Costs and Burden for Small & Mid-Sized Banks
Anecdotal evidence from bankers suggests that the cost of complying usually increases with new rules and regulations when large statutory…
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Regulatory Reporting for Financial Institutions: The Technology Challenge
While we have previously analyzed the impact of regulations on banks due to various key issues (see related articles at…
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Overview of OATS Reporting
Order Audit Trail System (OATS) requirements require firms to report information related to handling and execution of customer orders as…
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Regulatory Pain Points for Small and Medium Sized Banks
As we had previously analyzed, community and mid-sized banks are facing added regulatory burden post the implementation of the Dodd-Frank…
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Overview Of SAR (Suspicious Activity Reporting)
Suspicious Activity Reporting (SAR) forms the cornerstone of the Bank Secrecy Act (BSA) and provides critical financial information to combat…
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FATCA: Overview, Challenges and Implications for Banks
Overview On the outset, let’s first understand what exactly FATCA (Foreign Account Tax Compliance Act) is in its simplest sense.…
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A summary of Solvency II Directives
Background In 1973, the Solvency I Directive was put in place by the European Union (EU). It was aimed at…
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A Review of BCBS 239: Helping banks stay compliant
The Basel Committee of Banking Supervision’s (BCBS) guiding principles, titled BCBS 239: Principles for Effective Risk Data Aggregation and Risk…
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Overview of FATCA
As reported in a survey by Americans Abroad Global Foundation (AAGF) and the University of Nevada, 80% of US citizens…
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RegTech is the New FinTech
Technology has impacted our lives in more ways than one since the past few decades. However, it is only recently…
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Dodd-Frank’s Impact on Regulatory Reporting
Banks are under the scrutiny of various regulatory bodies to keep a check on their activities, especially the banks conducting…
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How can Banks keep up with changes in Regulatory Reporting?
It’s a vicious cycle. The economic crisis caused by the financial downturn led to regulators coming up with new reporting…
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Regulatory Impact on Large Banks
In the United States there are around 7000 banks and based on their asset size these banks are categorized as…
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An Overview of MiFID II
“The greater the obstacle, the more glory in overcoming it.” Moliere Does the thought of MiFID II seem overwhelming? The…
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An overview of the CCAR
Bank Holding Companies (BHC’s) may be subjected to severe financial and economic stress from time to time, which impacts their…
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Regulatory Impact on Small and Midsize Banks
There are more than 7000 banks in the United States, which sets it apart from other industrialized nations which have…
Read more... Regulatory Tsunami: Financial Pain Grips Banks
As the regulatory juggernaut rolls on, the fines being currently meted out are just the tip of the iceberg. Analysts…
Read more... Bank of America Joins Debris of Executives in Regulatory Bind
In our last blog about the shake up at Barclays and Deutsche Bank we had asked you to watch this space.…
Read more... Banking Stratosphere Sees Another One Bite The Dust at Barclays
What happened? Hot on the heels of the news of the firing of Deutsche Bank’s Co Chairmen Anshu Jain and…
Read more... Product / Success Stories
MONETIZATION OF HOSPITALITY DATA EMPOWERED BY FINTECH
GREAT TOOL CAN BE EVEN BETTER WITH AUTOMATED DATA SOURCING AND CLEANSING Our client, a well-known hospitality consulting firm, is…
Read more... Using Hexanika Ai Driven Rules Engine To Automate Aml Analytics
RSM Success Story AMLYTICS – AML ANALYTICS SOLUTION – NEED FOR GREATER DATA MANAGEMENT AUTOMATION HEXANIKA was engaged by a…
Read more... HEXANIKA – THE CATALYST IN A BANK’S JOURNEY TO CLOUD-BASED DATA MONETIZATION
NOW IS THE TIME TO MONETIZE YOUR DATA! Large institutions accumulate data, a lot of data, Big Data, but is…
Read more... Culture
HexaConnect- Yoga Session
Yoga to the rescue-To live through this pandemic period, yoga is the best thing to adopt as a lifestyle habit.…
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Environment Day & Bicycle Day 2021
The agenda being #worldbicycleday and #worldenvironmentday. At HexaConnect we spoke about the importance of cycling that helps us keep fit and everyone expressed…
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Earth Day 2021
HEXANIKA Team celebrated Earth Day digitally this year.🌳 🌱 🌎 We believe in giving back to nature and encourage all to…
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HexaConnect -Stress Management Session
“The greatest weapon against stress is our ability to choose one thought over another. ”The COVID-19 pandemic has had a…
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Women’s Day Celebration 2021
Pink is in the air. This #InternationalWomensDay2021 we should #ChooseToChallenge the inequalities, especially in the pandemic. A year ago, women outnumbered men in the…
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Innovation & Integrity: HEXANIKA ’s Blueprint to Success
Innovation & Integrity are the two pillars with which HEXANIKA has built revolutionary industry-specific data solutions for banking, insurance, financial…
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