BLOGS

INSIGHTS

BLOGS

Filter By:
E.g., 2024-07-24
E.g., 2024-07-24
April 27, 2023
Community banks aren’t known for being the technology trailblazers of the financial services industry. Big spending on experimental technology is beyond the means of most small-to-midsized banks’ IT organizations at the best of times. But quantum computing is one area of emerging technology they may not be able to afford to neglect. So, what do banking IT leaders need to know about quantum?...
Read Full Post
March 22, 2023
Banks in the early 2020s have a vast amount of data at their fingertips. Yet many are failing to reap the benefits that this should offer. Overwhelmed by challenges accessing data and inconsistency among data sources, small and midsized institutions frequently neglect data governance and strategy in favor of quick fixes and tactical Band-Aids. Poor productivity, wasted time on reconciliations,...
Read Full Post
March 6, 2023
The explosion in data variety, velocity, and volume in recent years has brought with it new methods of tracking and analytics for banks and financial institutions. The modern-day market for data visualization tools offers a range of price points, types of visualization, and functionalities. That said, choosing the right tool is only one piece of the data insights puzzle for CIOs and CTOs in...
Read Full Post
February 27, 2023
On February 16, a select group of CIOs, CTOs, and heads of architecture at community banks and credit unions assembled for Aite-Novarica Group’s sixth quarterly Community Banking Research Council meeting. These senior IT executives discussed their usage of data visualization tools as well as associated goals and challenges. During the conversation, IT executives shared insights from their own...
Read Full Post
February 21, 2023
As technology has evolved to meet the needs of digital banking, the software development process has likewise become more complicated. Buy vs. build has become buy, subscribe, build, and integrate, potentially all at once. In the 2020s, IT executives must make choices and tradeoffs, maximize benefits, and minimize risks as part of a complex web of decisions when embarking on the software...
Read Full Post
February 10, 2023
There has been a lot of hype surrounding a new technology released at the end of November 2022 called ChatGPT. I believe ChatGPT is an embryo, not even fully born… yet! ChatGPT is a natural language processing (NLP) chatbot utilizing OpenAI’s Generative Pre-Trained Transformer 3 (GPT-3) language model, created in May 2020. The model predicts the next token value of a response based on previous...
Read Full Post
January 18, 2023
It’s a demanding moment in time for IT organizations at financial institutions (FIs), which must maintain regulatory compliance while keeping up with their competitors. As institutions continue to compete for talent, transform digitally, and enhance their data quality and variety, new technologies such as multi-cloud and distributed ledger creep closer upon the horizon. In 2023, many IT...
Read Full Post
December 14, 2022
Artificial intelligence (AI) and machine learning (ML) have taken off in financial services as computing and data storage resources have become cheaper over time. Banks and financial institutions (FIs) are integrating these technologies to reimagine an expanding set of business processes. FI CIOs and CTOs should adopt a comprehensive design and oversight approach that promotes the explainability...
Read Full Post
December 8, 2022
On December 1, I chaired Aite-Novarica’s fifth quarterly Financial Services CIO/CTO Advisory Research Council meeting. A select group of CIOs, CTOs, and heads of architecture at banks and financial institutions met to discuss IT budgets, projects, priorities, initiatives, and challenges for the upcoming year. During the conversation, IT executives shared insights, experiences, and solutions they’...
Read Full Post
November 3, 2022
The pace of digitalization in the banking and financial services industry is hastening due to the COVID-19 pandemic and modern technologies disrupting traditional business models. Moving to the cloud is now key to help drive forward digital transformation initiatives. Financial institutions (FIs) are realizing economies of scale by running software, data analytics, and digital business...
Read Full Post

HOW CAN WE HELP?

If you have a question specific to your industry, speak with our experts.  Call us today to learn about the benefits of becoming a client.

Receive email updates relevant to you. Subscribe to entire practices or to selected topics within practices.