Digital transformation is the key to survival, success and innovation in the financial sector.
For companies in the banking and other financial services sector, digital transformation can be a comprehensive and potentially complex undertaking. Organizations not only need to transform the customer experience and modernize their business models, but they need to do so while ensuring that they can:
- Meeting strict and constantly evolving regulatory guidelines, often in global markets.
- Deliver superior performance, with no gaps in availability or business continuity.
- Ensuring world-class data privacy, data protection and cybersecurity for customers, partners and others across a broad ecosystem, including support for evolving industry standards.
- Taking advantage of modern technologies , such as hybrid cloud, hyperconverged infrastructure, big data analytics, machine learning, artificial intelligence and automated software-defined architectures to simplify IT and drive business innovation.
- Empower developers with containers, Kubernetes and other modern tools to accelerate the speed to market of new services and modernize the existing application portfolio with mobility and other customer-centric, cloud-native features.
Financial services companies that adopt IT modernization to accelerate digital transformation can gain a distinct competitive advantage
Financial services technology is currently undergoing a profound transformation as CIOs and their teams prepare to embrace the next major phase of digital transformation.
The challenge they face is significant: in a competitive environment of increasing cost pressures, where rapid action and response are imperative, financial institutions must modernize their technology function to support digitalization in both the front-end and back-end of their businesses.
Modernizing financial services
Here are some of the ways in which financial services companies can be using IT modernization to accelerate digital transformation initiatives.
Investing in hybrid cloud and a modern IT platform with hyperconverged infrastructure
A financial services and asset management company that has a rapidly growing client base and is expanding services to global clients can adopt a hybrid cloud architecture and a modern IT platform with hyperconverged infrastructure to expand its presence and add new services.
In fact, things never stop in IT. The hybrid cloud and modern infrastructure are very important, allowing us to guide the way financial institutions provide their services to customers.
Hyperconverged infrastructure makes it possible to deploy services quickly, make changes and scale to better meet business needs. Today, adopting technologies such as artificial intelligence and machine learning to complement investment solutions enables innovation for the foreseeable future.
Pursuing the bank's digital transformation initiatives focused on data protection and management
A key aspect of financial services companies' digital transformation initiatives is to focus on data protection and management. Data is fundamental, and you need to keep it safe for many reasons.
Protecting this data is a major responsibility that needs to be taken seriously. There are regulatory rules that we must follow. There are PCI rules from the credit card industry and laws that guarantee data protection and privacy, such as the LGPD, which we must follow in order to retain and protect the data, but also to manage and know where it is going, and to see who is seeing it and whether or not they should be seeing it.
Financial institutions must modernize by taking advantage of strong integration with solutions that can facilitate data management and automated backups.
● Using customized, customer-based solutions that can guarantee confidentiality, integrity and availability
Diversified, independent banking organizations that provide financial advisory services and investment solutions to individuals, global entrepreneurs and independent investors must be based on delivering customized, customer-based solutions.
Data is the key, because it helps to better understand customers and serve them with confidentiality, integrity and availability. The company's IT modernization efforts need to focus on high performance, availability and business continuity.
Taking the next steps
In the financial sector, there are many paths to digital transformation. Organizations can focus on key areas, such as backup and business availability, and can modernize core systems to offer new levels of performance and agility.
For more information on how to optimize your organization's digital transformation journey, contact Conversys experts now and learn about Aruba Networks' security, network management and connectivity solutions. We're on hand to help you overcome new challenges.
About Conversys
Conversys IT Solutions is a provider of Information and Communication Technology services and solutions operating throughout Brazil.
With a highly qualified technical and commercial team and a network of partners that includes the main global technology manufacturers, Conversys IT Solutions is able to deliver customized IT and Telecom Infrastructure solutions to clients.
We invest in our employees and partners and strive for a long-lasting relationship with our clients, because we believe that this is how we gain the skills and knowledge we need to innovate and generate value for the businesses in which we operate.
