Always-on Data: How are Financial Services Firms Using Automation and Data-Driven Technologies to Meet Customer Demand for Real-Time Digital Services?
Sponsored by Mendix
Thursday 11 March 2021, 12:30
In an always-on economy, financial services firms are under pressure to growing meet demand for digital products and services, or risk losing their customers to more agile, cloud-native competitors.
But as companies rush to develop new mobile applications and personalised experiences on the front end, they have been unable to mirror this speed and agility in the back end, with data visibility and access proving a major stumbling block. Increased pressure on budgets, legacy infrastructure and siloed data are also weighing heavily on IT leaders, with many fearing that without the right data and systems place, their efforts to innovate could come to a grinding halt.
In order to keep up, developers need access to quality, real-time data sources to fuel a new generation of cloud-based applications and microservices. As a result, some companies are looking to low-code digital platforms and automated technologies to unlock their data, leveraging AI and machine learning to develop digital services and speed up time to market.
This roundtable will explore the concept of data virtualisation within financial services and assess the key challenges and pain points for firms as they look to modernise IT infrastructure, leverage data insights and fuel faster application development in a bid to keep up with the FinTech challengers.
Topics for discussion:
- What are the best approaches to overcoming challenges in data management for financial services firms, including consolidating siloed data and data quality?
- How advanced are companies in moving from legacy systems to more automated processes, and what are the key challenges for IT leaders in leading this change?
- How far advanced is the industry in cloud modernisation, and what are the key hurdles to implementation?
- What is data virtualisation and how can it support employees to improve time to market for new applications and services?
- How can data platforms and low-code technologies enable faster adoption of cloud-based applications and microservices?
- What are the best approaches to tackling the skills shortage in data-driven and automated technologies?
- What impact has rising demand for data services had on digital transformation programmes within your organisation?
- What are the challenges faced by FS companies in ensuring there is governance, security and audit of who is using the data in their apps, especially from third party data providers?
- What approaches are FS companies taking to technology transformation and investment in 2021?
12:30 – 12:40 Editor’s Welcome
12:40 – 14:00 Topic Discussion
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