banks

Think “Banks Never Do Anything Cool?” – Think Again

When speaking to the Daily Telegraph, Revolut CEO Nikolay Storonsky declared “I’ve never seen a big bank do something cool – if they did we wouldn’t exist.” It’s a commonly-held view that banks and fintechs are at odds and that innovation from new companies like challenger banks pose a threat to incumbents. However, this isn’t…

SEAM #19: Humans vs Machines Recap

Last night we hosted the 19th monthly SEAM event “Humans vs Machines” at Rise London. It was a great evening filled with interesting talks and debate about the future of humans in an increasingly automated workplace. There was a great turnout and lots of interesting conversations over pizza and a few drinks! After an introduction…

humans and technology

Orchestrating Humans and Technology is the Future of Work

Humans and Technology are Both Increasingly Important IT executives in Financial Services face an impossible challenge. They know the money isn’t there to replace legacy technology, but they still need to innovate and remain competitive. They also know they have a regulatory responsibility to test recovery and resilience – even for legacy technology. This makes…

Successful Digital Transformation

5 Tips for a Successful Digital Transformation

In previous blog posts, we’ve discussed the current state of digital transformation and how businesses have benefited from it. But what do you need to execute a successful digital transformation and reap these rewards? 5 Tips for a Successful Digital Transformation: 1. Define the business case Every technology change needs a Business Case: you’re not…

Enterprise Agility: Why ‘Agile’ Isn’t Just About Software Delivery Anymore

Agile Delivery allows IT teams to deliver software fast and keep up with the ever-changing technology landscape. However, the faster deployment of code does not always equal faster value realisation. Not all businesses are able to absorb and benefit from these changes as fast as they happen. Enterprise Agility is needed because Agility should be…

change implementation

“Change Implementation: Avoiding the Tragedy of the Commons” – Thoughts from Cutover CEO Ky

Organisations have struggled for a long time over the asymmetry of risk when implementing change. Even when contributing to a single goal, multiple parties coming together to enact a change will bring with them different and often conflicting agendas. For example, when those making the change have no control over how it operates and those…

embrace innovation

Banks Must Embrace Innovation to Reduce Risk

In the ‘third wave’ of Fintech, financial services are working more closely with fintechs and using them to outsource parts of their value chain, such as payments. Although this collaboration can be hugely beneficial for banks and their customers, it does raise the question of how security will be affected. The risk associated with cyber…

waterfall vs agile project delivery

Technology Strategy: Waterfall vs. Agile, Recovery vs. Resilience

Two of the recurring themes that come up in banking technology strategy discussions relate to the drive away from Waterfall and towards Agile project delivery whilst, in parallel, driving away from recovery towards greater technical resilience. I believe that it is important to look at these two strategies together to ensure that there is congruence…