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Are you ready for DORA?
The Digital Operational Resilience Act (DORA) is underway – and firms need to act now to build momentum towards the January deadline.
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Preparing your EU Operation for the Digital Operational Resilience Act
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Cyber security: Improving resilience to meet the demands of the future
Since the pandemic, cyber attacks have been rising rapidly – especially in the geopolitical ten. The shift to remote working means firms have rushed to increase their digital capabilities to keep pace with shifting sands. During this time, cyber criminals have been leveraging security gaps to their advantage, extracting millions from organisations around the world. So much so, that AAG estimates that data breaches cost businesses an average of $4.35 million in 2022 alone.
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Social Mobility & ERGs Roundtable - Hosted by Albany Beck
Diversity and social mobility are key priorities for us at Albany Beck. We’re committed to hiring, training and developing talent from a wide range of backgrounds to create a fairer future for all.
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Keeping Your Firm on the Right AML Regulatory Track
As the growth of the fintech sector accelerates regulatory scrutiny is intensifying, placing an extra burden on compliance teams that often lack the resources and expertise to keep pace.
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Albany Beck launches its solution to Change Management in Ireland’s financial services
Over the last five years, the London-based financial services consultancy company, Albany Beck, has established itself firmly within the Irish financial services market. In choosing Dublin as its European hub in 2018, it has guaranteed the successful expansion of the company and spearheaded transformations for their clients. In this article, Dublin-born Adam Kelly, Managing Partner for Albany Beck, and Ian Thomas, the Practice Head for the company’s Change Management & Data Migration programmes, announce Albany Beck’s imminent launch of Change Management Solutions in Ireland. They outline the fundamental factors that ensure their unlimited capacity to manage change effectively for their clients. Kelly recognises that providing effective Change Management Solutions within financial services is a vital part of ensuring the successful growth of a company, and that it involves complex and comprehensive migration and transformation programmes. With many years of specialist experience in directing the implementation of complex and strategic business and technology transformations and migrations across Europe and Asia, Thomas said: “It’s our tried and tested execution and delivery of change management on a global scale, with such good rigour and control, that’s Albany Beck’s unique selling point.” One example of this was the multi-year $145m programme to merge two large financial firms from a technology and process perspective. “This involved complex integrations of the chief operating officer functions and all IT aspects of the combined organisations.” Thomas adds that developing a comprehensive and thorough common governance framework to manage the day-to-day delivery of the programme has achieved £10m of benefits to date. This governance framework has been adopted across further projects as ‘best practice’.
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International Women's Day Event 2024 - Hosted by Albany Beck
Inclusion and equality are core values we champion daily at Albany Beck.
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Dublin hub accelerates Albany Beck’s European growth - Finance Dublin
This article appeared in Finance Dublin's August 2023 edition. Albany Beck’s Adam Kelly & Celia Johnson profile the financial services consultancy’s growth in the Irish market having established a presence in 2018 and subsequently choosing Dublin as it European Hub. They outline the firm’s business model, including its RTD model, areas of growth and future plans including the imminent launch of its fund administration academy. London-based financial services consultancy firm, Albany Beck, successfully expanded its business operations into Ireland in 2018 and after some rapid growth identified Dublin as the optimum location for our European Hub. Dublin’s position as a gateway to Europe in a post-Brexit world and the abundance of highly qualified and skilled talent made it the obvious choice. Over the last five years, we have created hundreds of new jobs in the country, across a multiplicity of high-demand skill areas, including KYC, AML, fund administration, risk management, and technology. We have recruited, trained, and deployed (RTD) consultants to a broad and diverse range of prestigious global financial institutions in Dublin and regionally, rapidly bolstering team capacity and accelerating work output to empower the upholding of exceptional operational standards. The company is supported by the Irish Government through the IDA Ireland and recently received recognition for their success in the Ireland market and were awarded “Best Early Stage Business Investment” & “Best organisational Transformation” at the “Invest in Ireland” awards.Technology Insights
