” My message to companies that think they haven’t been attacked is: “You’re not looking hard enough”. This was the strong warning given years ago by James Snook, a man who has occupied numerous cybersecurity positions within the British establishment. It’s one of the maxims of cybersecurity, and the evidence almost always demonstrates it to …
The digital transformation has ushered in a new era for the financial system. Big Data, automation and global interconnectivity have brought with them a profound change in the way that goods and services in all sectors are produced, marketed and distributed. The financial sector is no exception to this, and financial organisations are having to …
The digital future of the spanish financial sector Read More »
Press Release Madrid, 18th Nov 2020 With late payments predicted to reach 15% as a result of the pandemic, according to the Bank of Spain’s annual report, there is an urgent need for banking organisations to implement new collection management strategies. The tools offered by GDS are a good investment for organisations seeking to manage …
A new approach to collection management with an increase in late payments Read More »
Press Release Madrid, 5th Nov 2020 The pandemic has forced many companies to switch to working at home, an option which isn’t free from risks and the threat of cyberattacks GDS Modellica provides software to help manage risks, combat fraud and build profitable relationships. Investment in risk management is no trivial matter: assessing and monitoring …
Press Release Madrid, 5th Nov 2020 Technology and innovation are critical for detecting fraud and keeping one step ahead of fraudsters. This is the only way that financial organisations can manage risk effectively. GDS Modellica takes a look at the main types of online fraud and describes their intelligent solutions that combat fraud using algorithms …
Cybersecurity for digital banking: main types of online fraud Read More »
Also known as “Papa Flash and “the man who stopped time”, Harold Edgerton was a talented engineer and researcher at the Massachusetts Institute of Technology (MIT) who transformed the stroboscope into a device to take ultrafast photographs of moving objects. Now, we’re not mentioning him today because we intend to stop time (although we might …
“Nobody realises that some people expend tremendous energy merely to be normal.” Swap “be normal” for “adapt to the new normality” and all of us can relate to this quote by the famous French-Algerian writer, Albert Camus, author of the no less famous novel The Plague (which is also rather apt for present times). Indeed, …
It’s Now or Never for the Banking Industry in ‘Year One’ of the COVID Era Read More »
Press Release Madrid, 8th Oct 2020 The use of new technology is a key part of risk management so as to make effective decisions and implement personalised solutions GDS Modellica provides decision and analytical software for managing the entire credit risk management cycle whilst combating fraud with a unique interface which provides a complete view …
The essential new technology for effective risk management Read More »
In the interview on the program “Desayunos Capital” on Radio Intereconomía, Antonio García Rouco emphasized the arrival of conversational banking. Intelligent conversational banking allows the creation of a close relationship with clients and the identification of their needs through algorithms that can reach the emotions or feelings of the users, with the aim of offering …
As we have looked previously, the technological advances made in recent decades have had a significant impact on the financial system and will continue to do so into the future. As a result, the financial sector has had to adapt to this “new era” where data is everything. In the context of banking, “data” means …