Agility in Financial Services: Building a smarter operating model
Venue: Brown’s Hotel
Banks have been relatively slow to adopt cloud in comparison with firms of similar sizes in other sectors. A recent Forrester study of senior banking technology decision-makers revealed that 73% consider security as a major obstacle to adopting cloud, while privacy (63%), risk (59%) and regulation (56%) also ranked highly. Maturity of cloud solutions and integration were also cited.
However, the study goes on to note that new, state-of-the-art SaaS solutions will be critical to accelerating banks’ transformation efforts, and can offer banks a direct path towards digital banking.
And with even institutions such as the FCA embracing cloud (the organisation recently announced it would be building its new MIFID II reporting platform on Amazon Web Services), clearly attitudes are changing.
So what impact will SaaS have in a financial services context? Where do the adoption challenges lie? And what are the technology and cultural changes that will need to take place in banking in order for true digital transformation to flourish? Join us for what promises to be a lively evening of dinner and discussion to find out.
6:00 – 6:30 pm – Welcome Reception & Cocktails
6:30 – 7:05 pm – Introduction from Master of Ceremonies & Guest Speaker
7:05 – 8:15 pm – Three-course dinner complemented with table discussion points
8:15 – 9:30 pm – Wrap up, closing remarks from Sopra Banking Software
- The FCA recently announced that they would build their new MIFID II reporting platform on Amazon Web Services. What messages should financial institutions take from such a high profile organisation opting to have a key solution outsourced and cloud hosted?
- What are the key organisational cultural change needs that might accompany a move to SaaS based financial services?
- What do you think will be the challenges for someone looking to create the world’s first SaaS enabled full service transactional bank?
Ahmed Michla, Director of Strategic Business Development, Sopra Banking Software
As Director of Strategic Business Development at Sopra Banking Software, Ahmed is passionate about ensuring that we enable a client’s business strategy by drawing on our extensive technical knowledge and intellectual property to provide the know-how and support to solve some of their most challenging problems.. As part of his role, Ahmed looks at key issues such as business and market development, market research and planning as well as providing leadership to developing new strategic value propositions. Previously, he held another leadership position as Head of Business Solutions (Financial Software) at the company.
Ahmed started his career as a client services manager at Lynx Financial Systems and has also held both technical and business roles at major channel players such as Tieto, TietoEnator and AttentiV Systems Ltd, as well as at global firm Unilever.
About Sopra Banking Software
With over 2,500 experts and one of the deepest, broadest portfolios of software and services, Sopra Banking Software is a trusted, long-term partner of over 600 banks in more than 70 countries. Sopra Banking has an unequalled ability to address the requirements for banks and financial institutions of any size and scope, allowing them to innovate and expand their services. Sopra Banking is a subsidiary of the Sopra Steria Group, a world leader in digital transformation, with more than 37,000 employees. In 2014, Sopra Steria achieved a pro forma turnover of €3.4 billion.