Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.
Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.
Banking / white paper
Avinash Patil
Consulting Partner, Capital Markets practice, Banking, Financial Services, and Insurance (BFSI), TCS
Anusha Sivaramakrishnan
Domain Consultant, Investment Management group, Banking, Financial Services, and Insurance (BFSI), TCS
You have these already downloaded
We have sent you a copy of the report to your email again.
In information intensive sectors like capital markets, acquisition, storage, and distribution of data are accounting for increased spends. Despite firms investing in technology solutions to address this, disconnect between data management, business logic, and systems design results in complexity. Technology solutions lack the ability to address this issue. In our view, the solution lies in adopting ontologies and semantic web technologies so that firms can develop the capabilities required to ensure effective information management and artificial intelligence led decision making. Moreover, with the financial services industry increasingly moving toward a ‘machine-led’ paradigm, ontologies and semantic web technologies will enable machines to go beyond the traditional parameters of scale and speed to the scope of business knowledge and logic.
Ontologies and semantic web technologies have the potential to reimagine several functions in capital market firms including:
Decoding the Surety Bonds enigma for International Trade
Enhancing customer journeys in the KYC process
Making banking services more accessible
Integrated Risk Appetite and Financial Crime Risk Controls Assessment