Technology in Financial Services. Presented to: Centre of Excellence in Financial Services Education.
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Presented to:Centre of Excellence in Financial Services Education
(Christopher Perretta, Executive Vice President and Chief Information Officer, State Street, September 2011)
Source: Canadian Payments Association
Technology is creating new demands and new challenges.
- Mobile Wallets
Mobile NFC Payments
The MasterCard Mobile Readiness Index recently ranked Canada as the second most mobile payment-ready country in the world, behind only Singapore.
The pace of change is creating new challenges in:
“At OSFI, cyber risk has become one of our top concerns.”*
“While the cost of attacking bank systems is going down, the resources needed to identify, monitor, and mitigate against vulnerabilities and potential attacks are increasing.”**
*OSFI Superintendent Julie Dickson, May 2, 2013
**US Comptroller of Currency Thomas Curry, September 18, 2013
- Predictive analytics (a.k.a. “big data”)
- Technological countermeasures
Increasingly, financial services needs people who understand the business of finance and the technology of e-commerce.