Competitive advantage in banking comes from effective use of technology The Handbook of Banking Technology provides a blueprint for the future of banking, with deep insight into the technologies at the heart of the industry. The rapid evolution of IT brings continual change and demand for investment -- yet keeping pace with these changes has become an essential part of doing business. This book describes how banks can harness the power of current and upcoming technology to add business value and gain a competitive advantage; you'll learn how banks are using technology to drive business today, and which emerging trends are likely to drive the evolution of banking over the next decade.
Regulation is playing an ever increasing role in banking and the impact of regulatory change on technology and the management of it are discussed -- while mandatory changes put pressure on many of our high street banking brands, their ability to adapt and utilise technology will have a fundamental impact on their success in the rapidly changing marketplace.
Technology costs can amount to 15 per cent or more of operational costs and bank leaders need to be able to make informed decisions about technology investments in light of the potential benefits. This book explores the depth and breadth of banking technology to help decision makers stay up to date and drive better business.
- Assess your current technology against the new banking paradigms
- Procure the systems needed to protect the bottom line
- Implement newer technology more efficiently and effectively
- Ensure compliance and drive value with appropriate technology management
Technological change is driven by mass adoption of new channels, innovation from new entrants, and by banks themselves as a means of increasing revenue and reducing costs. The Handbook of Banking Technology offers a comprehensive look at the role of technology in banking, and the impact it will have in the coming years.
About the Author:
Lucian Morris is a Director in Deloitte's Financial Services Consulting practice. He is a banking technology specialist with a broad range and depth of experience in the field of banking technology. Lucian has worked with many of the UK high street banking organisations, working on strategy, technology deployment and M&A transactions. He has a special interest in new banks, having helped launch Metro Bank in his role there as interim CIO and has provided guidance to a number of other potential new entrants. Finally, Lucian's experience has provided him with a sound understanding of the UK and European regulatory regime and its impact on banks' use of technology.
Tim Walker is a former Partner in Deloitte's Financial Services Consulting practice. He is an expert in banking technology with more than two decades of experience working for banking and payments institutions of all sizes in all major markets. His experience includes implementation of front, middle and back office technology and the consequential business change, expert reviews of implementation projects and existing technology investments, undertaking technology due diligence in support of banking M&A transactions, and leading transformations of banks' technology organisations. Tim has been a regular speaker on banking technology and an author of a range of articles looking at the business benefits of technology investment and transformation in the banking sector.
