Transformation Change in Banks Feb 2017
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A model for achieving integrated, holistic change in large international banks
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Transformation Change in Banks Feb 2017
- 1. 1 Copyright Tim Chapman February 2017 Transformational Change in Banks - Technology Technology is the key enabler for making change happen: Automation & AI Data Aggregation Forecasting & Modeling Integration & Accessibility • Anticipating risks • Modeling critical big data • Scenario testing • Data driven decisions • Stores for critical data • Automated analysis • Standard & bespoke reports • Online interrogation • Reducing manual work • Improving processing speeds • Increasing reliability • Reducing risks • Linking legacy systems • Increasing visibility • Providing real-time information • Increasing access
- 2. 2 Copyright Tim Chapman February 2017 Regulatory compliance is non-optional and a challenging part of transformation: Monitoring Tools for all aspects of Liquidity Risk Data Aggregation Liquidity Coverage Ratio Large Exposures • Overarching governance and infrastructure • Risk data aggregation capabilities • Risk reporting practices • Supervisory review, tools and cooperation • Dashboards & predictive tools • Total payment volumes • Time specific obligations • Correspondents credit and payments • Exposures monitored as % of capital • Interday and Intraday data & assessment • Should be integrated with Risk Data Aggregation • Holding sufficent High Quality Liquidity Assets • Plans to deal with short term liquidity disruptions • Strategy on overall risk exposure Transformational Change in Banks – Risk & Regulation
- 3. 3 Copyright Tim Chapman February 2017 Implementation requires leadership alignment, accountability & building new capabilities Leading systemic change Building new capabilities Governance & ownership Cross boundary working • Cross-organisation governance • Clear executive ownership • Scenario testing • Data driven decisions • Recruitment of key specialists • Partnering with technology providers • New ways of working in automated world • Top down mandate • Alignment at exec level • A defined transformation process • Outstanding project management • Clear accountabilities • Breaking down historic silos • Collaborative actions encouraged & rewarded • Partnership processes Transformational Change in Banks – Leadership & People
- 4. 4 Copyright Tim Chapman February 2017 A new way of working will need adaptation to changing future developments: Real Time Everything Block Chain & Distributed Ledgers Customer Expectation Competitor Innovations • Turning compliance into commercial opportunity • Generating value added analytics • Creating enhanced products and services • Evaluation & appraisal • Up-sides and down- sides • Piloting & testing • Building the investment case • Impact in all key areas of intraday • Technology design • Influencing emerging national and global systems • Benchmarking others • Co-operation on shared systemic challenges • Evaluate emerging fintech innovations Transformational Change in Banks – Future Innovation