Best Practices for De-Risking Your Cloud Modernization in Financial Services
TDWI Speaker: David Loshin, President of Knowledge Integrity
Date: Tuesday, April 5, 2022
Time: 12:00 p.m. PT, 3:00 p.m. ET
The acceleration of fundamental changes in the financial services industry is motivating banks and other institutions to evaluate how their legacy technology platforms can be modernized and migrated to the cloud. These institutions must be able to respond to growing competition from online-only fintech disruptors, the need to expand partner networks to support third-party apps and channels, and growing data volumes and velocity. At the same time, these organizations must continue to deliver new products and services while complying with regulations and monitoring and preventing fraud.
However, migrating to the cloud also poses risks, some stemming from the complexities of moving massive data volumes from on-premises systems to the cloud, concentration risks that expose single points of failure, concerns about regulatory compliance, the protection of sensitive information, and ensuring efficient processing in the cloud. This web event begins with an introduction of some of the risks of cloud modernization in the financial services industry, followed by a panel discussion on best practices for reducing, mitigating, or eliminating the different types of risks.
Attendees will hear about:
- Understanding and reducing concentration risk
- Using cloud-native applications to increase efficiency
- Opportunities for modernizing when migrating to the cloud
- The need to support a common omnichannel customer experience
- Regulatory compliance, auditing/monitoring, and data protection
Before joining Yellowbrick, Mark was vice president for data and analytics at Teradata, where he led a variety of product management and technology teams in data warehouse and advanced analytics groups.
He was also chief architect of Teradata’s IoT analytics effort. Mark joined Teradata in 2014 when Teradata acquired the start-up RainStor, where he was a co-founding developer and chief architect. Prior to RainStor, Mark was a lead scientist in the U.K. Ministry of Defence.
Mark holds a Ph.D. in computational physics from Newcastle University, U.K., with a thesis centered on discovering the electronic and non-linear optical properties of quantum dots. As a research fellow at Newcastle, he developed new techniques to model these novel quantum structures using large-scale parallel and distributed computing approaches.
Richard Soundy worked at Sybase and SAP for 24 years, working in engineering roles with SAP ASE and SAP IQ. He was with SAP IQ since the original product was purchased by Sybase back in the early ‘90s and has worked with IQ in engineering, marketing, business development, and evangelism.
Richard took early retirement from SAP as the EMEA director in the SAP Enterprise Systems Group in 2015. Since his retirement, he has been consulting with data warehouse companies and their products, where his knowledge of IQ and the market can be usefully employed.