Welcome

The Digital Shift: How are Financial Services Firms Managing Data Risk and Security Amid the Rise of the Digital Workplace

Sponsored by AvePoint
Wednesday 31 March 2021, 12:30
Zoom

When the pandemic hit, financial services institutions had just days to shift operations and staff to the digital workplace, with almost all players now reliant on collaboration tools such as Microsoft 365 and Microsoft Teams to ensure staff have access to the data and communications they need in real time.

However, with the sudden switch to digital workflows comes increased pressure on compliance and IT security teams to ensure that customer and commercial data is safe. And while internal controls have been relaxed during the pandemic, data regulations remain unchanged and the regulators have stepped up their scrutiny, creating a new cocktail of risk, compliance and governance challenges.

Amid this disruption, the upcoming transition away from LIBOR, the ongoing impact of GDPR and the deadline for Basel III implementation mean that financial services firms are working harder than ever to ensure systems and staff are prepared for regulatory change.

To combat these challenges, many financial services providers are exploring the potential of existing digital collaboration tools to facilitate a unified digital workplace which offers more than just messaging and document sharing. As a result, these companies are reaping the rewards of shifting compliance, governance and risk management to a centralised platform, while driving efficiencies and bringing down costs.

This digital roundtable with industry peers will explore how financial services firms can make the most out of digital collaboration tools to tackle a host of emerging challenges including security, regulatory and risk management needs as the industry adapts to the long-term impact of the digital workplace.

Topics for discussion

• How are financial services firms using Microsoft 365 and other digital collaboration tools to accelerate transformation of operations and what are the new priorities for digital transformation strategies?
  
  
• How has the shift to digital working created new risks for data management strategies and how are compliance and security teams attempting to overcome these?
  
  
• How are IT and business teams using Microsoft 365 and digital collaboration to overcome workflow and data silos and stimulate collaboration across the digital workplace?
  
  
• How are digital technologies helping FSIS to speed up preparations for new regulatory processes including LIBOR transition and Basel III?
  
  
• What are the key roadblocks to full cloud migration for more collaborative working?
  
  
• What are the main challenges for FSIs in navigating the post-Covid and post-Brexit era and what impact will this have on data management? Will this have an impact on regulation and will new technology be needed to overcome these challenges?
  
  
• How have board-level and business-wide attitudes to risks affected the rollout of new technologies and has the case been made for digital transformation deployment since the workforce moved to home working?
  
  
• What challenges are posed by legacy technology systems and how are businesses ensuring they are ready for future disruption?
  
  
• Is digital transformation likely to proceed at the same rate in 2021 and what are the three key lessons your organisation has drawn from the pandemic?

Timings:
12:30 – 12:40   Editor’s Welcome
12:40 – 14:00   Topic Discussion

Brought to you by FStech