Disruption in Banking & Finance roundtable – The future of Banking
We’re in an era of interest rate rises, obviously, and consumers are rushing to refinance their loans. And it’s more competitive than ever for banks to retain their clients and customers. We have heard of the 10-minute loan and most recently the instant loan, where electronic verifications and signatures have made some approvals instantaneous. This […]
Disruption in Banking & Finance roundtable – AI in Banking
This year we’ve seen a lot of excitement around artificial intelligence, particularly ChatGPT. You can’t avoid it. The way ChatGPT is being integrated into search tools such as Bing and so many other office integrations is really exciting and changing the way we search for information. Interested if you could share your thoughts on artificial […]
Disruption in Banking & Finance roundtable – Componentisation
The task of replacing entire core solutions in one go is daunting, particularly if there is a large data migration at the end of it. Typically, core systems have hundreds of integration points, service multiple channels, and feed many downstream systems. When transforming, wouldn’t it be easier and less risky to digitise solution components gradually […]
Disruption in Banking & Finance roundtable – CDR and GDPR
Europe has particularly stringent requirements to protect consumer data at a time when we’re seeing even more attacks and instances where data is being exposed. In Europe, they implemented GDPR a few years back to really legislate and enshrine data security requirements and some hefty fines, if not followed. Here in Australia, we’ve seen CDR, […]
Disruption in Banking & Finance roundtable – Open banking
Open banking. Since 2020, open banking has meant that as a bank customer, you are able to authorise your bank to share your personal data with other accredited businesses, such as other banks and financial institutions. Can you highlight for us the benefits and obvious risks for a participating consumer? Peter: I think a lot […]
Disruption in Banking & Finance roundtable – Banking transformation not a tech upgrade
As banks look to do upgrades of their software, either an upgrade from one version to the next or a like for like replacement, some of them don’t take the time to stop and think about the broader business and organisational change. What do you think are some of the key factors that need to […]
Disruption in Banking & Finance roundtable – Business Change Management
One of the most challenging aspects of digital transformation is the ability to change minds so the employees can truly embrace a changed and modern way of doing business. What are the main challenges of business change management and what should the transformation agenda include in this regard? Neelam Tandon: in my experience, there’s many […]
Disruption in Banking & Finance roundtable – Cloud security & Performance
We’ve come a long way with cloud infrastructure for bank grade solutions. What are your views on how far we’ve addressed some of those key issues around data sovereignty, security, reliability, availability, all that stuff that’s really important to banks. Peter Timmins: Yeah, and I think the picture globally is a little bit mixed. I […]
Disruption in Banking & Finance roundtable – Core Banking on the Cloud
Cloud and core banking. Traditionally, core banking has been an on-prem solution historically, over many, many decades. And recently, we’ve seen some moves of other applications in banking to cloud and core starting to follow. From a cloud perspective, there’s still a lot of questions out in the industry around cloud banking. Why would an […]
Disruption in Banking & Finance roundtable – Banking As A Service
We’ve seen regulators start to pay more attention to these sorts of emerging business models, but some providers of BaaS face difficulty in its option in these challenging financial markets. Starting with you, Peter. Could you please tell us what’s in this for the customer, the third party, and then the bank? Where has it […]
