IDC Financial Services Summit Simplification in an Age of Complexity

Digital Event | November 8, 2022

Overview

 

Simplification in an Age of Complexity

 

European FSI have seen their fair share of regulatory-decreed change, but the coming years will take regulatory activity/ activism to new heights. From greener finance, ethical AI, even higher capital ratios, more transparency, a series of anti-money laundering laws, and a new focus on digital operational resiliency – just to name a few of the most impactful regulatory changes in the pipeline. Essentially the list of compliance tasks is getting longer, their scope more far-reaching, and the implications on the business more serious.

This hits European FSI at a time where they are struggling to keep pace with international and digital peers in terms of cost, growth and productivity. Clearly, there is no simple solution for what’s ahead of the industry, but simplification, automation, and replication seem to be the tools to succeed in the “digital” 20s. None of these are new, but today technology is allowing banks to implement and execute these operating principles at scale across the entire organization. The challenge will be however, not to create new legacies and get a handle on complexity.

Customer-facing innovation has been the key investment priority for the last few years, but as a matter of fact has often underdelivered lacking the right foundation to build on. It’s time to shift the focus inwards and put an end to the messy middle & back office and rethink operations, infrastructure, security & trust and the future of work from ground up. This means nothing less than to redesign operations and IT for trust, resiliency, transparency, sustainability, productivity, and efficiency. Profitability and better customer/ employee experiences will follow naturally.

During the IDC European Financial Services Digital Summit 2022, we will discuss successful strategies to adapt to this rapidly changing world.

We look forward to connecting with you soon!

Roberta and Thomas

 

Roundtable

IDC Financial Services Summit 2022 Roundtable: How will DORA impact FSI?

(6th of September, 10:00 - 11:00 CET) 

The EU Digital Operational Resilience Act: making or breaking the relationship between ICT vendors and Financial Organizations.

 

An open and interactive discussion facilitated by IDC between:

Some of the questions covered are:

  • What is the impact of DORA on my operations?
  • What are the benefits/ opportunities that DORA brings to the market?
  • Where will DORA have the biggest impact on FSI?
  • What impact will the ecosystem resiliency mandate have on FSI?
  • How do we need to change our thinking on resilience in a decentralized and increasingly  ecosystem-enabled operating model?
  • What lessons can be learned from similar regulations (e.g. UK FCA Operational Resilience)
  • What can I do to prepare for DORA today?

This roundtable is for everyone registered for the summit - if you are unable to join the summit but interested in the roundtable please write cpoulsen@idc.com 

Speakers

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Partners

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Digital Platform

The IDC European Digital Summits will be run on an all-in-one live online events platform where attendees can learn, interact, and connect with people from anywhere in the world.

 

Reception

We will welcome you at our Digital Reception area where we will showcase the event schedule and our partners. We will guide you for a great time & a lot of exiting digital touch points.

 

Stage

You will get inspired by the professional stories shared by industry pioneers and IDC analysts. Our keynotes experts will answer questions, propose provoking online polls, take part in the chat and comment on what is happening. Everything is done live.

 

Sessions

Learn about proven best practices through real-life case studies in moderated digital breakout sessions. This intimate experience is an opportunity to gain a clearer understanding of current organizations challenges.

 

Networking

Meet with peers to discuss common challenges and share concrete experiences thanks to our Networking feature using your webcam for up to 3 minutes.

 

Expo

Visit interactive booths leveraging digital content allowing you to explore key trends or discover more about innovative products.

Previous Event 2021

This is the visual summary of the IDC European Banking Executive Digital Summit 2021