Organizations solely relying on legacy systems, especially in the financial services industry, face growing challenges due to limitations in accessing, ingesting, and integrating data across different lines of business. System complexity affects compliance and obligatory reporting, while data latency is becoming an impediment to addressing immediate customer-facing needs such as real-time personalization and recommendations and fraud monitoring, prevention, and alerts.
In this session, David Loshin will discuss the technology limitations of heritage systems in the financial services industry. He will explore how system modernization and cloud adoption for financial services institutions provide an evolution strategy for digital transformation. Loshin will also consider ways that cloud services and resources help streamline data accessibility from within the institution’s data landscape, embrace integration with multiple third-party systems and APIs, and facilitate real-time intelligence that improves competitiveness.
Attendees will learn about:
- Integrated analytics for regulatory compliance
- How the emergence of the data platform supports low-latency data accessibility
- Leveraging a semantic layer to operationalize optimized data democracy
- Overcoming organizational resistance to change