Interview: BBD on how digital disruption is upending financial services

Loading player...
In this episode of the podcast, BBD UK director and the group’s executive head of banking, Matthew Barnard, and BBD executive head of cloud services, Dieter Rosch, discuss the fundamental digital disruption sweeping through banking and financial services.
South African banks spend a huge amount of money on IT every year, but several disruptive forces, including the shift to cloud computing, are emerging that could turn the sector on its head in the coming years.
Barnard and Rosch share their views on the software trends in financial services IT and how banks are approaching the topic of digital transformation to ensure they remain innovative and relevant.
Many of these institutions have an enormous base of legacy technology that may serve to hold them back in these critical projects. What are the best-practice approaches to digital transformation, and how do South African banks compare to their peers internationally? Should they be reinventing their core, or building separate businesses to chase new fintech opportunities?
Rosch looks at some of the approaches being adopted and talks in detail about the concept of “microservices” versus “monoliths” versus “hybrids”. Why could a microservices approach help banks achieve their goals? And how should they be approaching cloud in their transformation journeys?
Barnard talks about how regulation affects the industry and the ability to lead projects of this magnitude, and why the ability to train and retain key skills will be a critical success factor.
It’s a great discussion for anyone involved in or interested in how digital disruption is upending the financial services sector. Don’t miss it!
28 Aug 2019 English South Africa Technology · Business

Other recent episodes

TCS | Frogfoot sees bigger fibre deals coming

Frogfoot plans to keep buying smaller fibre network operators in South Africa’s suburbs as the market consolidates, but CEO Shane Chorley stopped short of ruling out a sale of the business. “I’d be ignorant to say that we would ignore any offer,” Chorley said on the latest episode of the…
8 Oct 40 min

Meet the CIO | Vodacom’s Mohamed Sami on the agentic future

Mohamed Sami, group chief information officer at Vodacom, says autonomous AI agents that resolve customer problems without handing them to a human are the next big shift in customer experience – and that it is closer than many think. Speaking on TechCentral’s Meet the CIO podcast series, brought to you…
5 Oct 44 min

TCS | Norrsken22’s Lexi Novitske on how China is winning African tech

Chinese companies have built their position in African technology one layer at a time – first phones and telecoms equipment, then fintech and now the AI models that local start-ups build on. American private capital, meanwhile, is pulling back. Lexi Novitske, general partner at Norrsken22, thinks US investors will regret…
1 Oct 28 min

TCS | Dominic White and Adam Ely on AI agents going rogue

AI agents are no longer a thought experiment for security teams. They are breaking out of test environments, hacking real companies and, according to one of our guests, already going rogue inside large businesses. In this episode of the TechCentral Show, TechCentral deputy editor Fanie van Rooyen talks to Dominic…
29 Sep 1 hr 26 min