Banking Technology, News, Articles, Magazine&E-Zine | Banking CIO Outlook

How Fintech is Transforming Financial Services Innovation
Bankingciooutlook >> news

Financial Technology aka Fintech has used everything from AI to machine learning to enhance its customers' experience and Big Data has played a significant role in gathering data from the clients and markets. One of the regions in which big...

How can AI Assist in Transforming Finance Industry
Bankingciooutlook >> news

Artificial Intelligence (AI) has proven to be a beneficial investment mainly because of the valuable services offered under this technology. It is taking businesses to the next level, and industries are witnessing improvements in their business...

Ten Ways Predictive Analytics Can Improve Banking Sector
Bankingciooutlook >> news

In this era of technological developments, ever-growing customer base and satisfying their needs has become a challenging task. Catering to individual needs and not as general is what customers demand. Banks are trying to implement various tools...

Compete or Partner: Banks See Rise of FinTech Solutions
Bankingciooutlook >> cxoinsights

Christopher Kennedy, VP-Quantitative Finance Manager, BankUnited [NYSE:BKU]

FinTech-or simply financial technology—is moving at the speed of innovation. FinTech originally represented the shift of traditional brick-and-mortar banking to online and mobile platforms. Now, FinTech embodies a deluge of Silicon Valley...

Role of Big Data in Modernizing the Banking Sector
Bankingciooutlook >> news

With the changing times and increasing impact of technology, there has been a transformation in the way various sectors perform, and banking is one of them. Most of the companies across these sectors earlier had manual processes in place whereas...

The Technology Impact on Industries - An overview
Bankingciooutlook >> cxoinsights

Tim FitzGerald, SVP & CDO, EverBank

1) How do you strike the balance between operations and innovation among your IT staff? I strongly believe in investing in people. They are the greatest asset your organization has. I encourage people to seek personal development and to keep...

Technology is Transforming the Architecture and Engineering Industry
Bankingciooutlook >> cioviewpoint

Bill Kloster, CIO, SEH

Population growth and the increasing trend of megacities require more sustainable, efficient and cost-effective infrastructure. Higher standards for sustainable living will increase consumption of renewable energy and the demand for clean water....

Trends Shaping Mobile Banking In 2017 And Beyond
Bankingciooutlook >> cxoinsights

Vivian Yeung, SVP, Head of Mobile, Online Banking & Digital Payments, Bank of the West

In late 2007, the first iPhone was released, bringing with it the mass adoption of a tool that would shape the way people interact with the world around them. The same progress that has seen the rise of revolutionary technologies—like...

Future-Proofing the Industry
Bankingciooutlook >> cxoinsights

Tim Lang, Senior Executive Vice President and Chief Technology Officer, MicroStrategy

How has your IT operating model changed during the last five years? MicroStrategy works side-by-side with our customers in the banking and financial industry to identify their unique pain points to better evolve our platform. Our customers...

Analytics: What Has Changed and What Has Not?
Bankingciooutlook >> cxoinsights

Zhongcai Zhang, Chief Analytics Officer, New York Community Bancorp [NYSE:NYCB]

Analytics has evolved. So have the titles of analytics professionals and conferences on analytics. With the Big Data adjective, analytics is being embraced by more and more organizations and being embedded in the decision-making processes not only...

How Analytics and AI Will Reshape the Future of Banking
Bankingciooutlook >> cxoinsights

Marc Andrews, VP, Watson Financial Services Solutions, IBM

There are many areas of focus for banking that have the opportunity to be dramatically reshaped by the application of more advanced analytics, including cognitive and artificial intelligence (AI). The two most prevalent ones are around generating...

Leveraging Compliance with Big Data and Advanced Analytics
Bankingciooutlook >> cxoinsights

Ido Biger, Managing Director of BI and Big Data Practice, Matrix-IFS

A lot has been said about big data adoption and endless possibilities – so many buzz words, names, tools that “it’s hard to see the forest for the trees.” When a CIO tries to better understand the various options and...

Financial Institutions Need Big Data Analytics in their Cyber Security Arsenals
Bankingciooutlook >> cxoinsights

Cynthia Walker, VP & Data Analytics Innovation Center, Salient CRGT

The U.S. Securities and Exchange Commission (SEC) Chair Mary Jo White emphasized in a recent speech that cyber security poses “one of the greatest risks facing the financial services industry.” The Federal Financial Institutions...

Big Data-Are You Using it for Better Customer Service?
Bankingciooutlook >> cxoinsights

Sriram Padmanabhan, SVP, NIIT Technologies Limited

By 2020, more than six billion smartphones will be in operation worldwide, becoming more pervasive than traditional landlines. Moreover, the same source estimates that 80 percent of mobile data traffic will be from smartphones by 2020....

Democratizing Financial Market through Technology
Bankingciooutlook >> cxoinsights

Andre Frank, SVP, Thesys Technologies

Investment banking and retail banking often appear near the top of the list of industries investing in “Big Data” technology, but adoption and usage of “Public Cloud” offerings is very limited. Thesys Technologies was...

Transformation of Financial Industry through Data Analytics
Bankingciooutlook >> cxoinsights

Alan Royal, Head of Technology Innovation and Business Transformation, Strategy CIO

Ex-Barclay's CEO, Antony Jenkins, recently said incumbent banking institutions “… risk becoming merely capital-providing utilities that operate in a highly regulated, less profitable environment” in addition to suggesting...

Don’t lose track of your valuable data
Bankingciooutlook >> cxoinsights

Daniel Robbins, Information Security Officer, State Bank & Trust, Macon, GA

Bankers involved in any level of project management know that lessons learned and gap management are both essential to continued process improvement for large or small projects. How many avoidable situations have we faced so far with the...

IT has to Coordinate Rather Than Control
Bankingciooutlook >> cioviewpoint

Mike Shadler, CIO, Genworth Financial

Biggest challenge in technology to meet enterprise needs in 2014 In 2014, technology will be challenged to provide flexible solutions in an increasingly complex and varied environment. As the business adjusts to changing market demands and...

Cybersecurity in the Board Room - An Evolution of Communication
Bankingciooutlook >> cioviewpoint

Thomas Hill, CIO, Live Oak Bank

When was the last time that cybersecurity and data breaches were topics in your company’s Board or Audit Committee meetings? Almost every meeting? Well, your company is not alone. It is now mainstream for executives or board members to raise...

Software Defined Networks- A New Spine for IT
Bankingciooutlook >> cioviewpoint

Scott Fenton, VP & CIO, Wind River

Trends in Software Defined Networking Today, we are seeing Software Defined Networking and Software Defined Data Centers appearing everywhere. This market worth 960 million dollars in 2015 is projected to reach 8 billion in 2018. The...