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Financial services, digital transformation and the cloud

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The Ritz London

150 Piccadilly

London

W1J 9BR

United Kingdom

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Breakfast Meeting - 08:00am to 10:30am

Financial services, digital transformation and the cloud

Digital transformation is driving an increasing need for businesses to be highly interconnected. More and more data is being created, collected, stored, shared, and used. More and more systems need to communicate with one another.

The solution to this in large part lies in a move to cloud-based solutions. Ultimately companies need to make sure they have the ability to support this transformation.

And it is an important transformation. Interconnection will drive business growth. Businesses increasingly need to connect with customers to market and sell to them. They need to connect with other organisations – suppliers, intermediaries and other stakeholders. And they need to connect internally with employees who may be on the move or in different office locations.

The interconnection of people, and indeed of devices that people use, is a key success factor for business.

Key trends driving this include:

  • The increased reliance on the use of (and collection of) data by organisations globally
  • The growth in the number of interconnected devices: the “Internet of Things”
  • The change in working patterns including “Bring your own device” and home working

The financial services industry has some particular requirements. First of all there are strong regulatory hurdles to be passed. Then there is the fact that cyber security is an issue – given the attractiveness of the “product” (money) they deal with. And of course for many financial services organisations, speed of data transfer is a source of competitive advantage, rather than as with many industries, simply a hygiene factor.

In fact, to be effective, data transfer systems in financial services have a number of critical needs:

  • Speed of data transfer and low latency
  • Scalability: the ability to up-rate infrastructure to meet predicted events such as the daily start or end of trading
  • Agility: the ability to respond to unexpected events such as a DDoS attack or a news story
  • Global reach: the ability to distribute data transfer and IT systems globally, so that customers and other stakeholders can be serviced efficiently around the world
  • Cost effectiveness
  • Security of any data being transferred

One answer to these requirements is a move to the cloud. Major cloud providers can provide secure data transfer globally, with low latency combined with agility. But of course any solution come with problems to be overcome. What type of cloud infrastructure is needed (public, private, hybrid)? How can security be maintained? What about regulatory constraints? And what about issues around disaster recovery and business continuity?

This event will in large part discuss how executives are wrestling with these issues and what their cloud strategy looks like in order to provide effective solutions.

The questions we will explore

  • How data exchange between businesses is growing
  • How greater interconnectivity between businesses is driving new opportunities
  • What is the importance of the Cloud for interconnectivity
  • How will block chain technology impact
  • How do bandwidth problems impede business?
  • What are the opportunities that can be derived from very fast connectivity
  • Who should security concerns be addresses in the cloud and where businesses are sharing data

Who is invited?

Top management and their direct reports (e.g. CIO, CTO, Chief Architect, Heads of Cloud, Head of IT, Head of Networks, VP’s, IT Director, Heads of Digital Transformation, Heads of Data Centres) at large ($100 million + revenue) organisations across industry.

Registered attendees include:

  • Head of IP, Technology and Procurement - BNP Paribas
  • Group Director of IT - Hitachi Capital
  • Director of IT - Royal Bank of Scotland Plc
  • Managing Director - Hitachi Capital Consumer Finance
  • CIO - Willis Towers Watson

Be one of 12 senior business professionals around the table at The Ritz Hotel who will all bring their expertise to bear to analyse the present – and the future.

This breakfast briefing is brought to you by Business Reporter, in association with Equinix, and is only for senior executives as mentioned above. Registrations of junior professionals, consultants, solution providers or other sellers to this market won’t be accepted. For any enquiries, please contact Lace on 0208 349 6458 or email lace.b@business-reporter.co.uk.

This breakfast briefing is free of charge to attend. However if you cancel your attendance less than two weeks prior to the briefing, you will have to provide a replacement of equal seniority otherwise you will be a subject of £150 cancellation fee.

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Location

The Ritz London

150 Piccadilly

London

W1J 9BR

United Kingdom

View Map

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