Banks Embracing Technology: Fast Enough for Regulators?

Technology Revolution: The Future of Now

Bonnie D Graham

Business News, Technology, News

4.9 • 108 Ratings

🗓️ 8 October 2014

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The buzz: Banking. Triggered by the financial crisis and subsequent regulatory changes, banks are moving toward a new paradigm of simultaneously and proactively managing risk, return, liquidity, and capital. While technology is playing a transformative role in the industry, many regulators believe banks are moving too slowly to fully embrace it. Are they right? The experts speak. Richard Fleming, Bain & Company: "Change happens by listening to people and then starting a dialogue with people who are doing something they don't believe is right" (Jane Goodall). Michael Pinedo, New York University: "Future challenges for banking will involve determining the trade-offs between ease of use for the customer and how to maintain a high level of security and privacy." Don Trotta, SAP: "'If everything seems under control, you're not going fast enough' (Mario Andretti). If regulators are now moving faster than banks ...a 'game changer'." Join us for Banks Embracing Technology: Fast Enough?

Transcript

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0:00.0	Brian Dean Wright here, former CIA operations officer and hosts of a daily news podcast called The Right Report, like the Wright brothers.
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0:51.6	Once again, I'm Brian Dean Wright. I sure hope to see you tomorrow morning
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1:08.9	Welcome to the most nutritious hour of business talk all week.
1:13.2	This is Coffee Break with Game Changers, presented by SAP.
1:17.2	The best run business is Run SAP.
1:19.7	Your host and moderator is Bonnie D. Graham.
1:22.1	You'll hear from the innovators who have learned to use game-changing technologies
1:25.4	to shake up the status quo and help move today's
1:28.3	businesses in new directions. Now, here's Bonnie D. Graham.
1:32.1	Welcome, welcome, welcome. And if you want to run with the game changers, you are in the right place.
1:37.5	This is Coffee Break with Game Changers Radio, presented by SAP. If you're keeping track, episode number 154, we're live about 50 weeks a year,
1:47.1	delighted to be here. So today's topic, the buzz is banking. We have a lot to talk about.
1:52.3	Let's get started. Triggered by the financial crisis and the subsequent regulatory changes,
	...

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