Financial infrastructure: Can banks afford not to change?

The financial infrastructure that underpins each bank and the wider system has reached a critical point in its lifecycle where the fundamental importance of the role it plays in 'the bank' is all encompassing, yet the restrictions and challenges it imposes upon the banks can no longer be ignored.

Financial infrastructure refers to a complex myriad of technology systems, networks, applications servers, databases, physical storage systems, and end-user computing systems and devices. It is the foundation upon which every function within every financial institution sits upon and the provision of economically critical banking services is reliant on. It is also the 'plumbing' that allows data to flow within and between financial institutions and which informs banks' operational decision making – from risk to lending, as well as decisions made by the regulatory authorities.

It is widely acknowledged that the technology infrastructure across the financial system is exceptionally complex, to the point where it no longer serves many banks, it hinders them.

Financial infrastructure can banks afford no to change ... (pdf)

Share this

FROM SOCIAL MEDIA

Final few places for our 'Tech and the future of social care roundtable' next Tuesday! Get in touch with… https://t.co/DoLox1w0XW
Great second #AnalystLaunchpad session @techUK with @uoebusiness, @DuncanChapple & @neilpollock on helping SMEs suc… https://t.co/aP8h6XKiNL
Great to be part of the @ukinfrance panel on how tech can address modern slavery in fashion - thanks to… https://t.co/rzjxyWbnAE
techUK would like to congratulate SME member @teslasuit for winning an @DIGITALEUROPE Future Unicorn Award at yeste… https://t.co/YUYg1RgRqI
Challenge time after some fascinating speakers at Tech Connect Industry Day 2 at @fujitsu_uk https://t.co/W6x1ji9WVk
Not often we're invited to fashion week! Looking forward to speaking on how tech & innovation can help fashion bran… https://t.co/yhYMP8GBPD
Become a Member
×

Become a techUK Member

By becoming a techUK member we will help you grow through:

Click here to learn more...