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The Digitalisation Challenge: How are Banks Managing Rising Demand for Digital Services While Making the Shift to the Cloud

Sponsored by Red Hat
Tuesday 17 November 2020, 12:30
Zoom

As the pandemic provides the ultimate stress test for banking technology,  the cloud has become a key focus for transformation as firms shift to remote working and demand for digital services rises. And with growing adoption, comes rising expectations of what cloud can deliver.

Meanwhile, the race to modernize is highlighting a growing divide between organisations who are digital leaders and those who are laggards. But with firms required to adapt their systems to a host of challenges such as rising cost and compliance obligations on top of the need for always-on operational resilience and real-time transactions, how can incumbent institutions hope to get ahead?

As the volumes of data grow, some organisations are turning to cloud technology – featuring a mix of public, private and on-premise – to help modernise their systems with the speed, flexibility and security required. However, those weighed down by traditional infrastructure and existing systems are missing out on crucial operational efficiencies and risk being left behind.

This roundtable will bring together a group of industry peers to look at the importance of flexibility in cloud modernisation, assessing the key pain points and solutions for financial services firms as they modernise core systems.

Topics:

• What impact has the COVID crisis had on banking operations and will it accelerate or slow down the shift to cloud in the short to medium term?
  
  
• What approach are banks taking to cloud adoption within critical systems such as core banking, cards, lending and payments?
  
  
• What is the role of existing mainframe systems in core banking and are they likely to remain part of the estate in the short to medium term?
  
  
• How are Artificial Intelligence and machine learning changing operations?
  
  
• Is cloud technology changing the approach to data and analytics in financial services?
  
  
• How is cloud technology changing the way the banks work with technology partners?
  
  
• What can cloud technology partners do to help banks mitigate risk in the current context?
  
  
• What are financial services firms’ priorities when it comes to technology investment and partnerships?
  
  
• How are banking leaders addressing the skills shortage in technology-based roles?
  
  

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

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