For all of the turmoil banks and credit unions have faced through the boom and bust and gradual economic recovery of the past decade, one thing has remained consistent: the advances in network and enterprise technology empowering financial institutions to do business.
I joined the world of financial services toward the tail end of the financial crisis. At the time, the industry was still reeling from the effects of the subprime and credit crises of the late 2000s, and signs of recovery were still hard to find. Now, a few years removed from the worst of it, banks and credit unions are clearly on firmer ground than they were in 2008. But that comes with a catch – there’s a whole lot more regulation and oversight governing the way institutions do business.
Today we have new regulatory frameworks such as the Dodd-Frank Wall Street Reform and Consumer Protection Act, new guidelines from organizations such as the FFIEC, and new threats from hackers and highjackers, who aim to exploit whatever weaknesses they can find. Meanwhile, customers are demanding more access to their financial services, whether it’s online, through mobile devices or via ATM.
To say the least, a lot has changed within the industry over the last three or four years. At least in terms of outside pressures that might influence a financial institution’s bottom line.
But how have banks and credit unions stepped up to meet the challenge? Now might be a good time for institutions to take a step back and review whether they’re up to the task, particularly from a network operations standpoint.
Zach Duke, executive vice president of business development at Safe Systems, is leading a discussion on the topic. The free webcast will air live at 2 p.m. on Tuesday, May 14. Duke will cover such topics as:
- When and why to upgrade IT systems
- Private or public cloud implementation
- WAN optimization
- IT’s influence on risk management and compliance
- Planning for success and pitfalls to avoid
- How to earn management and board buy-in
Registration is available now at: https://www.safesystems.com/webinars/.