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Data modernization: a key element of business transformation

Many financial institutions face issues in using legacy platforms that no longer keep up with their customer and internal requirements in real time. So how can businesses evolve their data processing to become more timely, agile, and scalable while controlling infrastructure costs? Data modernisation is facilitating business transformation by moving from outdated legacy systems to a modern, multi-cloud, data platform to enable personalised customer experiences, new revenue opportunities, and a faster time-to-market. The transition from legacy to modern platforms can lead to multiple benefits for financial institutions. While reducing TCO, these transformations increase developer productivity and reduce data fragmentation and duplication, offering more value from data. For example, organisations can unlock data to support novel onboarding processes by using existing operational data to score new customers. Watch this Finextra webinar, hosted in association with MongoDB, to hear from a panel of industry experts as they discuss the following areas: How will data modernisation solve legacy issues faced by financial institutions and businesses? What strategies of data modernisation are in use? How will data modernisation impact customers? What trends are we seeing in the industry in terms of data analytics? What are some examples of use cases in which data modernisation has been successfully applied? Speakers: Gary Wright - Head of Research, Finextra Joerg Schmuecker - Director, Financial Services Industry Solutions, MongoDB Prabhakaran Pitchandi - Vice President and Global Head of Analytics and Insights, TCS Fabian Khoshbakht - MD, Head of Client Insight & Innovation Treasury Services, BNY Mellon

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March 23, 2023

What's Driving Next-Generation Data Platform Adoption in Financial Services

9.30am IST | 12pm SGT | 3pm AEDT | 5pm NZDT Panel discussion into Forrester's global data platform study Data is recognized as a core asset to drive customer growth and innovation but the legacy technology that still underpins many organizations is not built to support today’s requirements. Not only is this infrastructure costly and complex, it doesn’t support the diversity of workloads and functions that modern applications require. To overcome these challenges, organizations are increasingly adopting an integrated data platform that offers a seamless developer experience, runs anywhere, and scales to meet growing business needs. To better understand how such data platforms are being used, MongoDB commissioned Forrester Consulting to conduct a study questioning global IT decision makers at financial services and fintech organizations. Join this webinar with MongoDB and a guest speaker on March 23rd at 12pm SGT to learn: The business problems that are triggering financial institutions to rethink their approach to data How data platforms are currently being used in the financial services industry and what is driving their adoption The impact of legacy infrastructure and the different modernization approaches organizations can take to overcome their challenges Presenters: Wei You Pan : Principal, Financial Services Industry Solutions at MongoDB Speaker TBC We hope you enjoy the webinar, if you would like to download the report, you can do so here.

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