Cyberattacks and volatility in the financial markets might take up the spotlight in the news, but some of the greatest risks for financial services institutions (FSIs) stem from internal IT transformation efforts and the potentially dire consequences of downtime, when they go wrong.

In the always-on economy, it’s now expected that FSIs can provide responsive customer experiences based on real-time data and the most up-to-date technology. However, many FSIs are weighed down by a multitude of applications, tech stacks and storage solutions, which can prove extremely costly when they fail.

And with the cost of even a few hours of downtime being measured in direct financial impact, reputational damage and customer loyalty, many CIOs and senior IT leaders are placing operational resilience and monitoring at the forefront of a successful digital transformation strategy.

This panel with expert speakers explored the ways in which FSIs are using monitoring and new technologies to improve observability, drive efficiencies and ensure operational resilience.