FinextraTV: Adapting to change - How financial institutions can revolutionise core banking systems
Siobhan Byron, EVP of Universal Banking at Finastra, emphasizes that established banks are integrating the agility of emerging players with their substantial assets to drive innovation. She highlights the importance of clear vision, strategic planning, and risk-aware transformation in financial institutions to avoid losing market share and talent while meeting future needs.
In this Finextra TV interview Siobhan Byron, EVP of Universal Banking at Finastra, discusses how innovation is not just limited to the neo and startup banks, indeed established banks are combining the move-fast philosophies of the emerging players with their own considerable assets. The conversation highlights the need for financial institutions to have a clear vision and strategy, find the right pace and technology for transformation, avoid high-risk methods, outline the challenges of losing market share, talent, and the ability to meet future needs if institutions fail to stay current and innovative.
