Celent is a research and advisory firm focused on technology for financial institutions globally.

Celent

Oliver Wyman

For over 20 years, Celent has helped senior executives make confident decisions around their technology strategies to execute at scale.

As the financial services industry rapidly evolves, there is more complexity, with new regulations, startups, technologies, and applications to stay on top of and prioritize. Celent helps you connect this ever-changing puzzle. We offer objective advice and clarity, backed by a database of thousands of solutions and award-winning global best practice use cases. With real-life domain expertise, we also guide you through the maze of emerging tech in the pursuit of value.

Our people, data, insights, and relationships form the foundation for you to use Celent to make confident technology decisions in financial services.

We are part of the Oliver Wyman Group, a wholly-owned operating unit of Marsh & McLennan [NYSE: MMC].

Curious about how Gen AI is changing the game? Join us at our Generative AI Symposium in New York City on September 18 as we dive into AI governance, how to manage your data, which ROI use cases you should focus on and much more. We'll have live demos all day and insurance and banking-specific tracks in the morning to help spark new ideas for your organization.

Register your interest to join us in New York today > https://bit.ly/3L1zLX2

The event is for financial institutions only and geared towards those focused on insurance and banking. 

#AI #data #IndustryTrends

Our 2024 IT Dimensions Survey reveals that IT budgets for Risk and Compliance are growing by 4.6%, outpacing overall banking budgets.

Key insights:
⏺️ 22% of Risk executives prioritize AI governance. 
⏺️ 53% focus on anti-financial crime prevention with AI and Cloud, up from 42% last year. 
⏺️ Gen AI modernization ranks 5th but is seen as a future game-changer

Want to learn more? Watch our on-demand webinar on Dimensions: Risk & Compliance IT Pressures & Priorities: https://bit.ly/475EwJc

#RiskManagement #ITbudget #AI

Canadian banks are making significant strides into the US market, expanding their presence post-COVID. As they navigate a diverse landscape, they face challenges from major US cash management banks and regional competitors. 

The key to success? Exceptional digital banking experiences and innovative technology platforms.

Colin Kerr, Principal Analyst on our Corporate Banking team, explores the evolving dynamics of this cross-border banking expansion. Learn more: https://bit.ly/4dDRVuA 

#CanadianBanks #USBanking #DigitalTransformation

According to our 2024 IT Dimensions Survey, wealth management executives are increasing their IT budgets by an average of 4.6%, up from 3.4% last year. Key drivers for this spending include compliance, speed & agility, and modernizing legacy tech.

Notably, 60% of firms are already engaging with generative AI in various capacities.

Want to learn more? Watch our Dimensions: Wealth Management IT Pressures & Priorities on-demand webinar to dive deeper > https://bit.ly/4dZUtmt

#ITSpending #AI #WealthManagement

Are AI agents the game-changer financial advisors have been anticipating?

While many believe that wealthtech AI will enhance—not replace—the invaluable human touch advisors provide, a paradigm shift is on the horizon. As generative AI and other emerging technologies evolve, they promise to empower advisors to focus on what truly matters—building relationships and guiding clients through key financial milestones.

Jean Sullivan, Head of Wealth Management, explores how AI agents could change the wealth management game in her article for Financial Planning: https://lnkd.in/eHrFH4Wb

#AI #AIagents #WealthTech

As GenAI transforms portfolio construction, wealth managers must navigate key regulatory and ethical considerations. While AI excels at data analysis, the role of licensed advisors remains crucial for responsible decision-making.

Ashley Longabaugh, Principal Analyst on our Wealth Management team, explores the evolving global AI regulations and the associated challenges and opportunities for wealth managers > https://bit.ly/3Mt95yR

#GenAI #WealthManagement #AIRegulation

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