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+ | How Cloud on Demand helps partners thrive in the AWS ecosystem

Newly minted small businesses often struggle to establish themselves as reliable service providers among their more established competitors. To help cloud-focused business thrive, Amazon Web Services has created the AWS distribution model to support small businesses and help them grow. In this episode of TCS+, Cloud on Demand’s Xenia Rhode…
4 Dec 30 min

TCS | MTN Group CEO Ralph Mupita on competition, AI and the future of mobile

South Africa’s big three telecommunications operators have all reported numbers in recent weeks, and the theme is clear: competition in prepaid has intensified sharply. Telkom’s resurgence has put pressure on both MTN and Vodacom, with MTN acknowledging it has “discernibly” lost prepaid market share. This is one of the topics…
28 Nov 57 min

TCS | Dominic Cull on fixing South Africa’s ICT policy bottlenecks

Returning to the TechCentral Show is ICT regulatory expert Dominic Cull, founder of Ellipsis and regulatory advisor to the Internet Service Providers’ Association. Cull recently attended communications minister Solly Malatsi’s policy colloquium in Pretoria – the first under a non-ANC communications minister. Cull says there is a discernibly different tone…
21 Nov 1 hr 04 min