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E.g., 2022-06-27
E.g., 2022-06-27
June 14, 2022
Customer expectations for a modern, seamless digital banking and financial services (FS) experience continue to heighten. CIOs and CTOs are leading the transformation of their organizations’ technology ecosystems in critical functions like analytics, cloud, and information security to deliver the IT capabilities required to meet customer expectations. In this era of digitalization, an...
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June 3, 2022
On May 24, Aite-Novarica Group hosted our third quarterly Financial Services CIO/CTO Advisory Research Council meeting. 18 CIOs, CTOs, and heads of architecture at banks and financial institutions attended the meeting, which centered on data strategy priorities and initiatives. Data strategy is a crucial component of banking and financial services IT leaders’ top priorities for 2022. Our Q2...
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May 24, 2022
The financial industry has achieved great progress in building analytics capabilities, such as predictive and artificial intelligence models, that support increased efficiency in key functions (e.g., information security and compliance). At the same time, most chief information officers (CIOs) and chief technology officers (CTOs) responding to Aite-Novarica Group’s data strategy study indicate...
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May 16, 2022
Data and analytics are at the heart of the digital revolution in the banking and financial services industry. Yet, most legacy financial institutions (FIs) struggle to unlock the full value of data assets when making informed decisions that enable strategic business outcomes like managing down overhead costs and generating higher revenues through personalized product offerings. Having the...
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April 25, 2022
Innovative technologies, increasing competition from nontraditional and fintech players, and heightened customer demands for a seamless digital experience are challenging IT executives in banking organizations to reengineer or modernize their core systems. As a result of these dramatic changes in the industry, banking CIOs and CTOs are leading initiatives to replace core systems and provide...
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April 19, 2022
Of all the things that have changed over the last several years, one of the most dramatic is how quickly IT executives need to make difficult and complex decisions. From increased digitalization, to rampant cybercrime, to ever-changing data regulations, C-suite IT executives at financial institutions have more to contend with than ever. This creates a challenging environment for many IT...
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April 7, 2022
Banking and other financial institutions (FIs) are racing to replace their legacy core platforms with new systems to accelerate the transformation to digital 24/7 banking, from any software platform, anywhere, and on any device. To fully realize the benefits of a new core banking platform and minimize risks to the organization, IT leaders should structure implementation within enterprise...
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March 31, 2022
Throughout the last 12-18 months, the news has been filled with crisis after crisis. Of course, the COVID-19 pandemic has been the biggest story until very recently. The pandemic drove digitization across the economy, which has led to an increasing number of cyberattacks by cyber criminals for economic gain. It has also been a factor in isolating people globally; slowing down trade, supply...
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March 1, 2022
I recently wrote a checklist covering areas that need to be considered when deploying a new core system. The deployment of a new core system is no trivial decision. In many cases, financial institutions like banks have been using their existing core systems for 30 or more years. Many of these systems were originally developed in the 20th century and run on mainframes. While some were originally...
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February 25, 2022
On Tuesday, February 15, Aite-Novarica Group hosted the second quarterly meeting of our Financial Services CIO/CTO Advisory Research Council. Several financial services executives came together to discuss trends and challenges around core system modernization, return to office, and the war for talent. My colleagues CEO Kurt Reisenberg and Head of Banking and Payments Christine Barry also attended...
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