Creating the Future in an Age of Disruption
Transformation of the Financial Services CIO
In today’s technology-driven world, strategy and IT are inextricably linked, resulting in the need for a new kind of CIO.
Information technology (IT) in financial services has traditionally been viewed as an operational detail that takes a backseat to business strategy. But in today’s technology-driven world, strategy and IT are inextricably linked. In fact, more often than not IT is now the primary catalyst of competitive advantage and strategic disruption in financial services. Every company is a technology company at its core. This is especially true in financial services, creating the need for a new kind of CIO.
This paper, written for CIOs and board members. Looks at how technology is reshaping the financial services industry and the challenges and opportunities it is creating for the CIO. It then outlines four new roles for the future CIO and raises the question of whether financial service CIOs are ready to meet the challenge.