Financial IT to be Thankful For

by CDW Financial Services|Nov 23, 2016

Thanksgiving is nearly here, so this week’s FIN List is focused on some of the financial IT solutions that banks, credit unions and capital markets firms can be thankful for. Feast your eyes on our latest round-up, which includes blockchain, big data, tech teams, BYOD and fintech.

 

1.) Blockchain shakes up the settlement process. A recent survey conducted by Deutsche Bank revealed 87% of market participants believe blockchain technology will completely change the settlement process for securities models. The technology can help the financial industry cope with the risk of system failures and market disruption.

 

2.) Big data can boost your cybersecurity. Big data and analytics is showing promise with improving cyber security. 90% of respondents from MeriTalk’s new U.S. government survey said they’ve seen a decline in security breaches. 84% of respondents said they’ve used big data to help block these attacks.

 

3.) Tech team integration can speed the M&A process. Amy Brady, CIO, at KeyCorp explains that tech and ops play a huge role during an acquisition. The bank leverages its tech and engineering capabilities to make sure the transition is as smooth as possible.

 

4.) A strong BYOD policy can protect your organization. BYOD can deliver big benefits, but increase risks. Building a strong and secure BYOD policy can protect your organization. Here are five best practices to keep in mind.

 

5.) Fintech partnerships can spur innovation. In areas as diverse as lending, investing, deposits, and merchant services, fintech companies have demonstrated value by innovating quickly and operating flexibly. Those are attractive features for bankers struggling to keep up with customers’ increasing expectations for their digital service

 

Be sure to follow us on the blog and on LinkedIn to keep up with the latest industry trends. And don’t forget to check back next Wednesday for the latest FIN List.