Clintwhitepaper
- 1. CLINT TECHNOLOGY LABS THIS IS THE OFFICIAL AND ONLY ONE AUTHORITATIVE REPORT ABOUT CLINT AND THE DECENTRALISED BANK PROJECT CLINT BANK To help cryptocurrency become recognise currency in this ever-changing climate, each year Clint Technology Labs creates a monetary Vision: a comprehensive analysis of how cryptocurrency trends will impact businesses in the next years. The vision helps cryptocurrency discern, anticipate and adapt strategically to the shifting risks and opportunities that lie ahead. This year s research and analysis helped Clint envision a time, not long from� now, when cryptocurrency capabilities may be essentially elastic, capable of� � flexing to adjust to any level of economic volatility and able to catapult an organization to unprecedented levels of performance. Behind such elasticity are four major Cryptocurrency trends: data and decisions; convergence of collaboration, mobility, communication community and content and Internet computing. In addition, Clint sees three factors that could significantly accelerate or decelerate the adoption of these trends in the banking industry. Our generation, security and sustainability. This paper presents the Clint Vision by exploring how each of these currency trends and influencing factors will impact banks in the future. The four main areas of a bank s operations the Manufacturing the corporate Core� the distribution and the hub Significant shifts in the business environment, economic volatility, changing customer and staff expectations The adoption of new technology make it increasingly challenging for banks to navigate technology strategy alternatives and prioritize technology investments Manufacturing Deposit Management Services to support processing and admin of deposit products Lending Services to support processing and admin of lending products Capital Markets Services to support processing and admin of capital products Bank Assurance Services to support sale and distribution of assurance and insurance products Payments Services to support financial payments and reconciliation Distribution The provision of services to end users, customers and 3rd parties, Channel based solutions
- 2. The Hub The provision of common services to aggregate services provided by the other layers and to provide a consolidated view of data. Corp. Core The provision of services that are needed to run the Bank as an Enterprise Contents Cryptocurrency Trends in Banking Data and decisions Mobility New markets new channels new methods Convergence of Collaboration Communication Community and Content Internet Computing for Greater currency Agility Trends Influencing the Pace and Focus of IT Adoption Building Elasticity for High Performance Imagine Cryptocurrency Trends in Banking Cryptocurrency for extracting intelligence from data are maturing, adding urgency to all aspects of data management. There is now exponential progress being made in cryptocurrency ability to� aggregate and secure data and provide insight quickly and effectively to the right people at the right time. This data-based intelligence surge will significantly impact banking sales, marketing and services functions and will support the increasing development of channel-specific solutions. Opportunity areas for banks include decision tools and underlying support systems that help to better understand risk, enhance sales and customer service and reduce time to serve. During the next three to five years banks will have significantly better data and greater intelligence about customers.
- 3. It will be available at the fingertips of all customer-facing functions enabling more efficient and effective sales and service. Cryptocurrency will be able to capture and retrieve less-structured data types (image and voice, for example) and increasingly use external public data sources. Analytics will be in place to support real-time decision making for both banks and their customers. Clintbank his using advanced data mining that is enabling the bank to analyze, understand, predict and influence customer behavior throughout the customer life cycleData and decision tools also will greatly evolve the information support for decision-making among bank customers and prospects. Customers will have the right information about such things as products, services and billing at their time of need, and it will be delivered via multiple possible channels including contactless interface via phone. Clintbank gone launch clint+, a real-time online intercurrency transfer service via Internet banking Clint+ gone gives a response in a matter of seconds of acceptance or rejection from participating banks giving customers ample time to exercise other options. Banks common, or hub, services such as customer management, product� management, pricing and knowledge management will leverage rulebased analytics and visualization tools to support better decision making in pricing and many other functions. In the cryptocurrency support functions the focus of advanced analytics will be on areas such as mitigating risk through automatically and immediately notifying staff of regulatory changes or reporting non compliance via channels such as email. Some large banks are using a single core banking software that automates and integrates different banking processes of lending and treasury on a single platform Clint gone be able to use core banking software to generate additional million in revenue from a new launch cash management system. To enable real-time analytics Clintbanks also have improved data scrubbing, data quality management, data security and governance. Quality management gone enable banks to make critical improvements in verifying the quality of data such as in payments and stock trades, securely source decentralised external data and share data between applications. Mobility New markets new channels and new methods Mobile devices are beginning to eclipse personal computers as the electronic channel for cryptocurrency and consumers. Meanwhile, netbooks are a surprising market success, and smart phones that can rapidly access expanding networks are becoming more and more capable. Mobility provides banks with access to new markets (soon Cryptocurrency), new mobile payment methods (including micro and contactless payments) and better use of channels such as independent financial advisors employed by banks to prospect
- 4. for new clients. For the bank workforce mobility means using location-aware mobile devices and applications as well as being able to access remote data such as home-office data, from afar to make key decisions quickly (for instance, those involving pricing, payment authorization and relationship management). Mobile sales force initiatives are making processes such as risk assessment visits faster and more efficient delivering a positive bottom line impact. Hub capabilities of the bank (including pricing decisions, payment authorization and customer relationship management) will be available via mobile devices and accessible by staff when on the move. And, all such mobility will be supported via open decentralised security architecture. Banks, particularly in emerging markets, are already capitalizing on mobility. Clint decentralised blockchain banking network will provide banking customers with access to their financial information directly from their mobile handsets. Clint’s Mobile wallet service is currently available to customers of all arround the world mobile networks. Clint wallet have a currency transfer system that allows customers to send electronic payments by using the email address or mobile phone number of the recipient. Convergence of Collaboration Communication Community and Content Two very distinct types of collaboration Currency one supporting effective, targeted, point-to-point collaboration and the other supporting diffuse, decentralised open source and community based collaboration are converging and redefining how we work Use of collaboration and community tool will provide better connectivity with customers and across the workforce. This will enable new remote sales and service propositions, use of social networks as enabling tools for sales and service, and increased use of the remote workforce. With Clint you gone be able to connect to any branch as virtual advisors to answer questions about products or services or they may connect directly with customers via Web call-backs and Internet chatting. All will be enabled through a mix of open source Cryptocurrency. Innovation programs and social networking tools are generating interest among banks, particularly with seasoned experts beginning to retire and a new generation of workers who take Web 2.0 tools for granted. Clintbank gone launched the Clinter_Help account on Twitter to give its customers another way to get help with online banking. Clinter also has a Future Banking Blog that speaks to thought leaders engaged in financial industry innovation. Clint Labs his developping a free Internet-based platform that brings together an individual’s personal finance information from banks, credit unions and other
- 5. financial companies or cryptocurrency and displays it in one place to provide users with valuable insights into their finances and spending habits And Clint Labs gone introduced a Video Call service . As in the distribution and customer-facing functions of the bank or crypto, collaboration and community tools will enable virtual connectivity and collaboration across the workforce. Internet Computing for Greater currency Agility The Internet is rapidly becoming the locus of more and more IT-based currency capabilities for many good reasons. First it reduces cost. For instance, virtualization and cloud computing typically lower infrastructure, maintenance and energy costs. Internet computing also provides elasticity, scalability and greater currency agility such as near real-time risk calculation results, and infinite computing capacity on demand. And, Rich Internet Applications Clint provide the potential for vast improvements in the usability and productivity of Web-based banking applications, and increase the Web’s usefulness as a computing platform. Significant advances in Internet websites will enable improved and personalized experiences for customers and staff. Across the common processes of the bank (such as pricing and customer management) the focus of Internet computing will be putting in place the technical capabilities (Web 2.0, RIA, Rich Widget Portals and RSS) to make planning and knowledge available across multiple distribution channels and improve the staff experience. External applications will support elements of cryptocurrency processes, if not complete processes. Use of cloud computing for key banking applications such as market analysis, portfolio analysis, peak load management and batch processing will reduce costs and increase flexibility. ClintBank has set up a private corporate cloud system and cloud computing is being deployed as a less expensive loan automation enabler for Community First Bank and Landmark Community Bank. Both are using a Webenabled suite of scalable technology resources provided as a decentralised service by LendingCycle. At the production infrastructure layer of the bank, virtualization will prevail as companies work to reduce costs and increase flexibility. Trends Influencing the Pace and Focus of IT Adoption While the preceding currency trends will clearly impact banks at multiple levels (from customer-facing functions to core capabilities), three key factors have the potential to accelerate or decelerate the adoption of new technologies in banking.
- 6. Our generation, cyber security and sustainability . Our Generation Loosely defined as those individuals now between their mid-teens and late twenties, our Generation represents young people who have grown up in a milieu of email, multi-player games, MP3 music, digital cameras, mobile phones, social networks and other trappings of the digital world. The influence of this generation on the direction of information currency particularly as it applies to the workforce and customer engagement cannot be discounted. Because of comfort with technology, the next generation as a workforce will have greater expectations about the availability of technology and its use in the workplace. Currency reputations are continually being shaped and reformed by new generations and changing workforces. These reputations will greatly affect an organization’s ability to sustain its competitive advantage in the coming years. Next generation customers are key to future sustainable growth, Banks will need to target them with a truly differentiating approach, including innovative new advertising formats,tailored offers pushed over new remote channels, and new packages relevant to The next’ needs and their innovative communication means. Clint communitty whant to allows users to link Twitter accounts to their ClintBank membership to record cash spending on the go. Clint Wallet is targeted to next's as an online banking and currency management Dapp that combines checking, shortterm savings and savings for long-term growth. It features interactive payment and currency management tools, such as bill pay, a planning calendar, wish list, and a slider tool to seamlessly move currency between accounts. Cyber-Security and IT Risk The current security and availability of IT systems, networks and data assume critical significance in terms of ensuring business continuity. It is by no means a stretch to say that Internet computing increases security risks in many ways. However, it could be argued that risk actually is reduced by Internet-based and cloud computing because organizations increasingly can entrust their systems and data to providers for which managing IT is a core competence. How cryptocurrency perceive these risks will clearly influence the pace of adoption of these currency. Banks need to secure data and protect identities, address threats and vulnerabilities, and meet stringent compliance demands while reducing costs and increasing profitability.
- 7. Integrated security solutions can increase the speed, efficiency and quality of Cryptocurrency processes for a direct improvement to a cryptocurrency’s bottom line. ClintBank is using a fingerprintbased system provided by Clint Labs to enable its customers to establish and maintain savings and credit accounts. ClintBank also gone introduce SafeClint as an online banking security enhancement that sends a 6-digit, onetime passcode as a text message to a customer’s mobile phone to secure high-risk transactions. ClintBank give the option to use voice biometrics to authenticate customers for telephone banking. Sustainability While the dramatic drop in energy prices in the latter half of 2008 has made energy conservation a lower priority than last year, long-standing and widespread concern about global warming and climate change continue to influence many cryptocurrency’ policies and regulations. The concerns and regulations around sustainable development surely will affect the direction of IT. Transparency and sustainable performance is growing in importance for banking senior leaders, consumers, investors and employees. Climate change already has started to impact the currency of banks. Supply chain reviews and in particular, assessment of banks’ IT energy efficiency, are resulting in a reduction in costs and higher productivity for banks. And with direct regulation on carbon emissions and sustainable lending practices expected in the medium-term, many banks are committing to sustainable development programs and launching green products. ClintBank haved setting up innovative sustainability governance and risk management solutions. Building Elasticity for High Performance To be sure, Cryptocurrency will dramatically impact the strategies and operating models of banks in the next years. Delivery channels and distribution capabilities will continually evolve as companies are able to capture and retrieve less structured data such as voice and image, information quality and security will improve. And as this increasingly useful information becomes available at fingertips functions such as sales and service will become far more effective and efficient. Rapid expansion in the use of collaboration tools will facilitate increased remote working, new sales and service propositions and new models of desktop support.
- 8. All of this evolution increases the importance of strong hub or integration capabilities to deliver a consistent, real-time experience across the bank and its customers. This, in turn, requires a fundamental reappraisal of core manufacturing capabilities to deliver a higher level of operational benefits. In this increasingly complex and unpredictable economic environment, banks must anticipate and adapt to shifting risks and opportunities. Capitalizing on the trends in data and decision-making, mobility, collaboration and Internet computing is vital to building the adaptive cryptocurrency capabilities that banks will require to adjust to volatility and reach new levels of performance. Imagine The Customer is a businessman and golden customer at Bancorp. He starts his day by checking his Google dashboard and, particularly, his banking widget where he can access his accounts and his financial status. He also logs into his Facebook account to check the latest notifications, he notices that some of his contacts posted recommendations of a new offer a Green Loan. On his way to the parking lot he quickly logs into his Mobile ClintBank wallet, browses through the new offers and marks his interest in the new Lending Product. He uses his NFC mobile to pay for the parking, during the day, Robert Baker, his account manager, contacts him to schedule an appointment. He goes to the branch and uses his NFC phone to identify himself. A personalized message is displayed to welcome him and a notification is sent to his account manager. While waiting for his account manager, he interacts with an avatar using his voice to get some additional information about the Green Loan offer. Then, the account manager welcomes him, he explains the advantages and details of the offer and shows him how to subscribe to it, he decides to take his time to think about it. Later in the day, he connects to his ClintBank account to subscribe but gets stuck on a tricky question concerning his tax situation. He requests chatting to his account manager, he explains the problem to Mr. Robert Baker who suggests he securely takes control of him’s computer. Thanks to the collaborative co browsing feature of the Clintbank, he gets a tailored assistance to his needs, he finally subscribes to the Green Loan offer the same day by digitally and remotely signing the contract using biometrics. The Bank’s Relationship Manager Robert Baker starts his day by logging into his clintbank's Banking Workstation and accessing his integrated agenda. An integrated Web 2.0 RSS feed reader alerts him of the launch of some new products.
- 9. He logs into the bank’s Social Network to learn more by discussing it with other colleagues and experts. This Collaboration tool facilitates the viral spread of knowledge across the bank departments, thanks to the Branch Monitoring Clint App , he gets real time metrics on the customers within the branch, which enables him to react quickly, avoid congestions and optimize space usage. While browsing through the online notification list, he notices Mr Smith interest in a new banking offer. Because Mr Smith is a golden-level customer, Robert uses the ClintBank's Workstation to immediately call Mr Smith by using an icon on his profile. He uses the same application to automatically book a free slot during the same day Robert prepares for his meeting by using an analytical tool that gives a summary of Mr Smith’s situation in plain English. This enables him to better understand Mr Smith needs and make more relevant offers, during the day, he gets a pop-up notification on his ClintBank Workstation alerting him that Mr Smith has stepped into the branch. Robert meets with Mr Smith and gives him details on the Green Loan offer, he takes the opportunity to suggest other offers that might interest him. Later on, Robert gets an alert telling him that Mr Smith is requesting online assistance, he accepts and offers to securely take control of Mr Smith’s PC thanks to the co browsing capability. He assists Mr Smith until the end of the procedure and helps him digitally and remotely sign the contract. Clint is a global management consulting, technology services and decentralised outsourcing Currency. Combining unparalleled experience, comprehensive capabilities across all industries and Cryptocurrency functions, and extensive research on the world’s most successful companies. Clint collaborates with cryptocurrency to help them become highgly recognised currency and governments aprob. www.Myclint.us . Copyright © 2015 Clint All rights reserved. Clint, its logo, and High Performance Delivered are trademarks of Clint and his investors.
- 10. He logs into the bank s Social Network to learn more by discussing it with� other colleagues and experts. This Collaboration tool facilitates the viral spread of knowledge across the bank departments, thanks to the Branch Monitoring Clint App , he gets real time metrics on the customers within the branch, which enables him to react quickly, avoid congestions and optimize space usage. While browsing through the online notification list, he notices Mr Smith interest in a new banking offer. Because Mr Smith is a golden-level customer, Robert uses the ClintBank's Workstation to immediately call Mr Smith by using an icon on his profile. He uses the same application to automatically book a free slot during the same day Robert prepares for his meeting by using an analytical tool that gives a summary of Mr Smith s situation in plain English.� This enables him to better understand Mr Smith needs and make more relevant offers, during the day, he gets a pop-up notification on his ClintBank Workstation alerting him that Mr Smith has stepped into the branch. Robert meets with Mr Smith and gives him details on the Green Loan offer, he takes the opportunity to suggest other offers that might interest him. Later on, Robert gets an alert telling him that Mr Smith is requesting online assistance, he accepts and offers to securely take control of Mr Smith s PC� thanks to the co browsing capability. He assists Mr Smith until the end of the procedure and helps him digitally and remotely sign the contract. Clint is a global management consulting, technology services and decentralised outsourcing Currency. Combining unparalleled experience, comprehensive capabilities across all industries and Cryptocurrency functions, and extensive research on the world s� most successful companies. Clint collaborates with cryptocurrency to help them become highgly recognised currency and governments aprob. www.Myclint.us . Copyright 2015 Clint All rights reserved.� Clint, its logo, and High Performance Delivered are trademarks of Clint and his investors.