Overcoming Obstacles to Unlock the Full Potential of Banking Systems.

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Financial services leaders in North America are invited to join this virtual roundtable on “Overcoming Obstacles to Unlock the Full Potential of Banking Systems”.

An expert moderator will guide the knowledge-sharing event, stimulating discussion between participants in a closed, confidential environment. Attendance is by invitation only and complimentary.

Overcoming Obstacles to Unlock the Full Potential of Banking Systems.

Banks have long relied on mainframes to handle the bulk of their credit card transactions, with 92 of the world’s top 100 banks still relying on these systems today. However, the COBOL experts managing these systems are increasingly retiring, and the increase in banking channels and 24/7 transactions are causing costs to skyrocket, making the need to modernize the mainframes critically urgent. 

The challenge lies in the fact that these systems are large and complex, with any downtime having a critical impact on customer access to their accounts and even ATMs. To remain agile and innovative and to unlock trapped value in past investments, banks must consider modernizing their mainframe application portfolio and moving to the cloud environment. This requires strategies that take into account the complex nature of these systems and a transformation process that will allow for the creation of modern and cloud-compatible applications. With the right approach, banks can ensure that their mainframes remain secure and operational for years to come.

  • What challenges do banks face in modernizing their mainframe? How can banks reduce their mainframe costs?
  • How can banks modernize their outdated computer programs without major setbacks?
  • How can banks move their data to the cloud in stages? What should they do to keep it safe?

Attended by leaders interested in discussing the challenges banks face in moving on from increasingly insufficient legacy technology as well as the strategies best explored to ensure a smooth transition.

Job titles may include CFO, COO, CMO, CXO, CIO, CTO, Chief Digital Officer, Chief Digital Experience Officer, Chief Data Officer, Chief Customer Officer, and other decision-makers responsible for Marketing, Operations, Emerging Tech, Market Strategy, and IT Enterprise Strategy.

2:50 PM: Log in of guests
3:00 PM: Welcome from The Ortus Club and short address from Avanade
3:15 PM: Discussion instigated by the moderator and continued by the group
4:15 PM: Discussion brought to a close

Hosted by Avanade and Microsoft

     

Event Detail

Thursday, March 23, 2023 15:00
EST
Virtual
North America

Why attend?