IDC and Red Hat FSI Fireside Chat

Financial Services Spotlight: Openness, Regulation and Flexibility

Zoom, November 2, 2022
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Overview

During this fireside chat session, you will understand how to navigate the increasing shift towards open hybrid cloud strategies in the European FSI sector and the new Digital Operational Resiliency Act (DORA) whilst walking away with actionable takeaways that can be implemented immediately.

"From the frying pan into the fire" accurately describes today's vortex of change, risk, and uncertainty compared to pre-pandemic times. As if the transformation pressure on financial institutions was not already high before the pandemic struck, today the industry finds itself firefighting on multiple fronts.

Adapting to the future of work and war for talent; a new wave of regulations from operational resiliency, anti-money laundering, and sanctions to ESG.  There is widespread economic uncertainty spanning from inflation, supply chain shortages, and credit defaults. Not forgetting the necessity to diversify business models, unlock the power of the connected ecosystem, and accelerate in the digitalization marathon, while getting a get a grip on operating cost and futureproofing IT and operations for the digital era. Where to even begin?

A strong house is built on a solid foundation and the same goes for any financial institution. It depends on a foundation that provides the much-needed scalability, flexibility, openness, agility, and reliability to weather the storm. This can mean many different things to different organizations, but IDC data shows that this means increasingly a shift towards open, hybrid cloud strategies in the European FSI sector. A hybrid strategy provides the optimal balance between resilience, performance, openness, control, and innovativeness to succeed in an increasingly digital world. But it also forces organizations to get a handle on the growing complexity and cost to stay in control.

Following IDC’s overview and vision of the market, IDC and Red Hat will share their curated discussions on topics covering:

  • How to unleash the power of the ecosystem
  • The new operational resiliency mandate: With the launch of the Operational Resilience Regulation and the upcoming European Digital Operational Resiliency Act (DORA)
  • Futureproofing infrastructure management for the digital era

Event Highlights


We would like to thank all the delegates who participated in the engaging conversations and in-depth discussions at this event.

If you missed the event or if you would like more information on any of the topics we discussed, click the button below to watch a recording or access the post-event content.


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Nicky Sharpe

Event Producer, IDC UK

About IDC

58 Years | 1300 Analysts | 110 Countries

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading media, data and marketing services company. To learn more about IDC, please visit www.idc.com.