Poseidon’s Post

Technology leaders at banks and credit unions have considerations distinctive from other areas of the FI when it comes to managing their employees. For example: -these employees want to see the impact of their work, meaning trendy technology-driven projects need to have a strong business case -they feel invigorated by a steady rate of change -their value in the market shoots up once they receive certain certifications -- something that may not be reflected in traditional bank compensation systems -those with specialty skills may resist return-to-office mandates if they feel they have leverage Thanks Jack Ingram Sathish M. Oscar Gonzalez, MS Imran Khan Kristiane Koontz Brian Minick Angel Diaz Dr. Bridie Fanning Carey Ransom for eloquently describing the problems - and sharing the solutions! - you've found. https://lnkd.in/erpF9bBx

⚠️ A Microsoft glitch recently caused significant disruptions on the London Stock Exchange and affected banks worldwide. This incident highlights the critical role of technology in financial markets and the need for robust systems to manage potential risks. As digital infrastructure becomes increasingly integral to global finance, ensuring reliability and security is paramount. #Finance #Technology #MarketDisruption #Microsoft #LondonStockExchange

Excited to share our latest blog post by Chris, Liz, and me diving deep into the architecture strategies that enable financial institutions to modernise and take advantage of the #fsi ecosystem. We think it's a great-read for anyone navigating: - Change program next steps 💡 - Setting a winning digital roadmap 🗺️ - Embracing tech debt challenges (and turning them into opportunities) 🛠️ - How to start your ecosystem evolution 💫 It would be great to have you join the discussion: - Please share your thoughts and key takeaways in the comments🧐 - What burning questions do you have about #finserv modernisation? 🔥 - What topics would you like to see covered next? It'll be great to get your input 📝 Zühlke Group, Maria, Myles, Isobel, Neelesh, Charles, Linda, Adam, Marius, Abid, Ashis, Diji, James, Damien, Joseph, Shaun https://lnkd.in/evHs9F2J #FinTech #FinancialServices #Ecosystem #Modernisation #Modernization #Strategy #Architecture #ChangeManagement

DORA establishes technical standards that financial entities and their critical third-party technology service providers must implement in their ICT systems by 17 January 2025. Learn how to apply data governance and privacy at scale with organization-wide standards and data lineage capabilities. #DORA #FinancialTechnology #Eriaw #Fintech

The success of a financial institution’s target operating model hinges on four trends: profit maximization, #digitaltransformation, partnership-based innovation, #operationalsecurity. Read our report to learn more. https://lnkd.in/eHukhDsF

𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: 𝐓𝐡𝐞 𝐑𝐢𝐬𝐞 𝐨𝐟 𝐆𝐂𝐂𝐬 Discover how Global Capability Centers are driving innovation and transforming the financial services landscape. Read more #ETEdgeInsights #GCC #Fintech #FinancialServices #Innovation #Tech Vineet Tyagi

To all the CTOs steering the tech at financial firms, here's a critical insight we must ponder: The backbone of any bank's operational success lies in its IT infrastructure. But as we evolve, so must our strategies. The choice between scaling our internal systems or leveraging external partnerships isn't just a logistical decision—it's a strategic imperative that could determine our institution's survival and ability to attract and retain customers. Building a colossal IT infrastructure internally offers control and integration, ensuring that every component is finely tuned to our specific needs. However, the pace of technological change and the sheer scale of investment required can be daunting. On the flip side, forging alliances with trusted external partners can introduce agility and innovation, often at a lower cost and with less risk. It allows us to tap into expertise and technology that would be time-consuming and costly to develop in-house. So, how do we decide? It's not just a question of cost but of future readiness. - Can our internal teams keep pace with rapid technological advances without compromising on service quality? - Or do external solutions offer a more viable path to staying competitive in a fast-evolving financial landscape? #CTOs #FinancialTechnology #StrategicDecisionMaking #ITInfrastructure

The widening gap between leaders and non-leaders reflects the stark contrast between the attitude of those institutions who are visionaries and are willing to invest in technology vs those who see technology as a cost center. #fintech #corebanking

As exchanges enter a new year, it's crucial to reflect: Is your technology acting as an enabler or a barrier? Are your technological capabilities in sync with your goals? And are they primed for reliable performance? Successful exchanges will be those prepared to embrace innovative technologies. Read the complete article by our CEO, Guy Melamed. #exchanges #trading #capitalmarkets #2024goals #technology

As we adopt a new technology or new way of working, we must be clear on how this change will make what we do better, be that a better outcome from our clients’ investment or a better experience for our people. https://lnkd.in/eBfDrg2d