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E.g., 2022-12-08
E.g., 2022-12-08
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’...
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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...
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October 12, 2022
On September 8th, Aite-Novarica Group hosted our fourth quarterly Financial Services CIO/CTO Advisory Research Council meeting. A select group of CIOs, CTOs, and heads of architecture at banks and financial institutions (FIs) gathered to discuss challenges and share successes and insights from their digital transformation initiatives. Below are some key insights from the discussion. Digital...
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October 4, 2022
In my blog on executing a digital strategy, I wrote, "the most important strategic objective for financial institution (FI) IT leaders today is leading initiatives that facilitate business transformation through digitalization of services and customer experiences." The emergence of new crypto-related products and services alongside traditional financial products and services has made it...
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September 1, 2022
The most important strategic objective for financial institution (FI) IT leaders today is leading initiatives that facilitate business transformation through digitalization of services and customer experiences. As I state in my latest report, CIO/CTO Checklist: Best Practices for a Digital Strategy, "CIOs need to facilitate and support business transformation efforts to ensure effective digital...
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August 9, 2022
Traditional banks are continuing to advance digital transformation initiatives to compete with fintech companies, neobanks, and digital banks. Open banking is integral to supporting the data-sharing ecosystem that enables delivering on digital banking’s promise to meet customers' expectations for a 24/7, on-demand, and seamless experience. Leveraging application programming interface (API)...
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July 28, 2022
Across industries, organizations were already facing a shortage of highly skilled IT talent—and fierce competition for a limited pool of available candidates. The Great Resignation has only intensified this significant IT talent gap, prompting banking and other financial services (FS) organizations to dramatically rethink their approach to hiring and retention. One of my recent blogs addressed...
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July 21, 2022
The Great Resignation—a phenomenon in which an unprecedented number of employees worldwide quit their jobs over the past few years—has ushered in novel ways of thinking about workplace culture. Employees are prioritizing a better work-life balance, remote and hybrid options, and higher pay. Many companies have sought to adapt to these shifting expectations, but a talent gap—or labor shortage—...
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July 14, 2022
Geopolitical factors have always affected financial institutions due to their influence on regulations, but recent months and years have had an unprecedented impact on the industry. Technology executives in financial services institutions must stay on top of current and future events to ensure their digital initiatives will be able to weather new developments in the talent market and...
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July 12, 2022
Digitalization continues to rapidly reshape banking and financial services (FS) business models. To help their organizations survive and thrive in this fast-moving digital era, CIOs and CTOs need to develop a strategy that enables business transformation by focusing on the customer.  As the financial industry continues to increase its spending on digital transformation and the...
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