Finance Tech Forum

“Charting a path to innovation and new business capability”

Banking leaders look to IT to drive growth but stay risk-averse and compliant

The action is in Asia. Opportunities abound in Asia right now with economies in the rest of the world still in a slumber. The engine of the world is China, India and growth economies of Asia Pacific.

For banking and financial institutions, with such opportunity comes a massive need to meet new demands, enter new markets, adapt to changing needs, all at lightning speed, but within a risk-free compliant strategy.

One big obstacle in making all this happen is technology. IT forms the basis of much that enables banking and finance operations to function smoothly, efficiently and to grow. But traditional IT can often fail to meet the pace and diversity of needs that the business throws at it.

“47% of bankers regard IT as a barrier to innovation,”according a 2011 survey by the Asian Banker and InfoSys, while it also noted that  most significant innovations in the next years are going to take place in payments, mobile banking, customer service delivery and service applications.

“There is plenty of innovation in banking - but so far it's not being led by the banks,” said Kosta Peric, Head of Innovation, SWIFT.

So how can IT better enable innovation and new capabilities? But at the same time ensure that growth comes with some protection from the growing raft of threats to information, brand equity and public trust?

Join the Forum today to see how IT organizations can transform to enable banks and financial institutions in meeting new business challenges

Key topics covered:

• Innovation opportunities – services, process, supply chain
• Technology arms race – competing on transaction speed and latency
• Navigating a new compliance and risk environment
• New channels of customer engagement
• Capitalizing on the mobility opportunity
• A vision of real-time business performance management, analytics and BPM
• Rethinking the infrastructure: the virtual and dynamic data center