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

As part of our #ConnectandProtect campaign month, Helena Nimmo, CIO at @endava, outlines the key steps in identifyi… https://t.co/qmWSal3LGu
Have you signed up for #techUK's webinar on #Diversity & #Inclusion post-COVID-19? Guest speakers include… https://t.co/9205PvzykJ
Guest blog: Amanda Teschko, BI & Analytics Consultant and US Chairperson at Thorogood, outlines how organisations c… https://t.co/SYQE0htvbH
Become a Member
×

Become a techUK Member

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

Click here to learn more...