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Financial Insights – Top 10 Trends in Banking — The Teaser

And the top three:

Information lifecycle management rather than just information management

Technology refresh, or Dynamic IT, which involves wrapping new technology around old legacy systems. Sounds like a new name for Saas. It also seems to me that wrapping legacy systems by itself, without a larger strategy for moving forward, risks getting stuck with high maintenance costs and significant opportunity cost. I have done a dozen stories in the last year or two about companies that have seen huge savings and huge improvements in speed by dumping their mainframes for much faster Wintel-based systems that cost far less. Whether you call it Saas or a new term like Dynamic IT, this could be a strategy of developing competitive DIS-sadvantage.

Data security concerns continue. And they won’t go away, especially when staff and consultants download sensitive information to laptops which they leave in their cars, cloakrooms and restaurants.

The other 7 come out at the conference in Boston.

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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