Interview: BBD on how digital disruption is upending financial services

Loading player...
In this episode of the podcast, BBD UK director and the group’s executive head of banking, Matthew Barnard, and BBD executive head of cloud services, Dieter Rosch, discuss the fundamental digital disruption sweeping through banking and financial services.
South African banks spend a huge amount of money on IT every year, but several disruptive forces, including the shift to cloud computing, are emerging that could turn the sector on its head in the coming years.
Barnard and Rosch share their views on the software trends in financial services IT and how banks are approaching the topic of digital transformation to ensure they remain innovative and relevant.
Many of these institutions have an enormous base of legacy technology that may serve to hold them back in these critical projects. What are the best-practice approaches to digital transformation, and how do South African banks compare to their peers internationally? Should they be reinventing their core, or building separate businesses to chase new fintech opportunities?
Rosch looks at some of the approaches being adopted and talks in detail about the concept of “microservices” versus “monoliths” versus “hybrids”. Why could a microservices approach help banks achieve their goals? And how should they be approaching cloud in their transformation journeys?
Barnard talks about how regulation affects the industry and the ability to lead projects of this magnitude, and why the ability to train and retain key skills will be a critical success factor.
It’s a great discussion for anyone involved in or interested in how digital disruption is upending the financial services sector. Don’t miss it!
28 Aug 2019 English South Africa Technology · Business

Other recent episodes

TCS | Connecting Saffas – Renier Lombard on The Lekker Network

The Lekker Network is a recently launched global business platform designed to help South African expatriates find business and investment opportunities around the world, including at home. Founded by a group of well-known businesspeople, The Lekker Network was launched in March and offers members access to a business directory, a…
7 Jul 20 min

TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

This is the fourth episode of a new podcast series curated by TechCentral’s editorial team and generated by artificial intelligence tools. It’s an experiment that’s in beta for now, but if it works well, we’ll consider making it a regular feature by launching a season 1. In this episode, we…
4 Jul 19 min

TCS+ | First Distribution on the latest and greatest cloud technologies

The pace of innovation in the cloud space is breathtaking. Gone are the days when the cloud was just about virtual machines and storage; today, it is a dynamic ecosystem, constantly introducing features that are fundamentally transforming how businesses operate, from the smallest start-ups to the largest enterprises. Preegan Chetty,…
27 Jun 11 min

TCS+ | First Distribution on data governance in hybrid cloud environments

Data is the lifeblood of every organisation, driving innovation, enhancing customer experiences and influencing strategic decisions. But managing this invaluable asset has never been more challenging. Hybrid IT environments – where some organisational data sits in the cloud other data resides in on-premises infrastructure – only adds to this complexity…
27 Jun 12 min

TCS+ | First Distribution on cloud cost management in Microsoft Azure

Organisations are flocking to the cloud for its agility, scalability and innovation potential. But while the cloud promises big things, it also presents a set of financial challenges. Many businesses find their cloud bills spiralling out of control, eroding the very benefits they sought in the first place. In this…
26 Jun 13 min