Working in the Technology function within a small financial services company involves a unique set of considerations due to the specific challenges and requirements of the financial sector. It is highly regulated and has a high security element for obvious reasons. Nearly all of our clients rely on external Core Banking System providers and in many of them several different partners optimised for savings / lending as well as individual finance / HR systems for example. So a complex matrix of suppliers and systems that all need to me managed together.
Here are the key considerations many of our clients will be looking at skills in:
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Regulatory compliance and data security including Cyber
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Scalability and flexibility of systems
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Integration and interoperability incl. Third-Party software and APIs
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Cost management and resource allocation
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Disaster recovery and business continuity planning
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Customer experience and usability including mobile and digital services
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Process automation and efficiency of systems
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Cross-departmental communication, support and training
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Innovation and keeping up with technology trends
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Vendor management e.g. cloud providers, cybersecurity firms, and software developer
By focusing on these key considerations, IT professionals can effectively support the strategic objectives of a small financial services company while ensuring security, compliance, and operational efficiency.
We support all of our clients with their leadership positions as well as technical specialists within their IT & Technology teams, be it 1st / 2nd or 3rd line support and including Business Intelligence as well as wider Project Management & Change.
Ultimate Banking - the Intelligent Approach