One of the consequences of the COVID-19 lockdown was the sudden shift away from traditional modes of financial services, notably the branch, to internet-based services. Whether the end user is a trader, an analyst, an actuary, a business owner, or a consumer, they will have been affected by these changes. These changes are likely to…
Challenger banks have shown what’s possible in the Financial Services sector – new ways of banking, trading as well as modelling and managing risk. As financial services brands consider the next five years, hybrid IT offers the greatest flexibility for developing next generation products and services. As customers increasingly exchange physical for digital experiences, those…
The climate agenda continues to divide leaders in the financial services industry. While some believe it’s not the job of banks to ensure that companies are adopting sustainable practices, others, like Hiromichi Mizuno, Chief Investment Officer of Japan’s Government Pension Investment Fund, said that it’s imperative for asset managers to support green finance. Whether it’s…
Since the emergence of novel coronavirus, or Covid-19, many businesses have had to adjust their business strategies and processes, shifting the focus away from central offices to home services for both customers and employees. This reduces to a minimum the chances of exposure to the virus but puts pressure on IT departments to keep work…
The phrase digital transformation might lead to an eye roll and a groan from many IT people in financial services, such is the ubiquity of the phrase. But while we search for a new way to have the conversation, the conversation itself stays the same. Businesses internally and externally need to increasingly merge physical and…
Mergers and acquisitions are proving crucial for financial services companies in today’s fast-moving and competitive landscape. From wanting to scale and enter new markets to obtaining unique intellectual property or technical capability, it’s clear why businesses in this highly competitive sector want to pursue M&As. In a recent survey by BankDirector, 44% of independent directors,…
Financial services organizations operate in a highly competitive market which puts great emphasis on the IT infrastructure to remain robust and efficient. Understandably banks, insurance companies, trading firms and others have traditionally kept their IT on-premise, where they can maintain their own specifications and controls. And it’s proved to be a prudent option, particularly for…
Many established financial services institutions have built up a formidable collection of on-premise technologies, from mainframes and legacy databases to large middleware platforms and even grid server farms. But the industry agrees that cloud computing and transitioning to a service-based IT model supported by cloud, are the way forward. When cloud was introduced as a…
financial services industry has undergone several seismic shifts over the last few years. One of them is a move towards customer-centricity: services that are tailored to the individual customer, which can be consumed how and when they choose.
For financial services institutions, the competition to gain competitive advantage is fierce. Many factors can set you apart from the pack: a few microseconds of advantage in a digital trade; your network uptime; the responsiveness of your customer service; or the ability to quickly and rapidly scale operations to meet market demand. These are also…