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E.g., 2024-04-18
E.g., 2024-04-18
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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November 19, 2021
With workforces and organizational data assets scattered globally and corporate networks being accessed remotely, the financial services (FS) industry is increasingly susceptible to cybersecurity breaches. In this dispersed environment, attackers target remote workers and unsecure personal devices by compromising identities to circumvent traditional network security policies. These cyberattacks...
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November 8, 2021
With the rise of the hybrid, work-from-home workforce and increasing global distribution of corporate information and network assets, financial services (FS) and banking organizations are rethinking how they can effectively protect data. FS chief information security officers (CISOs) are prioritizing implementation of zero-trust architecture (ZTA) because the traditional information security...
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November 1, 2021
Financial Services CIO/CTO Advisory Practice Has Launched Emerging technologies continue to disrupt traditional business models, and financial services (FS) organizations are challenged to make the right technology investments to achieve their strategic business objectives. To help organizations realize the full value of digital transformation initiatives, enterprise architecture (EA) is...
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November 1, 2021
Brian Casey and Benjamin Sykes of Locke Lord LLP and I discussed insurance regulatory compliance in a joint webinar on October 20th. Best interest regulations, DUAE ratings, and pandemic regulatory effects will all have implications for insurance technology in the coming months and years. Best Interest Regulations in the Life/Annuity/Benefits Space These regulations will place additional...
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