By Ahmed Buhazza IT Banker

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Banking Historical View

Three Dimension of Change

Technology Changes
Faster speeds and mobile Content is eternal and sharable New tools make everyone a content creator Media is modular

Behavioral Changes
Everyone has a voice New communities are forming Expect a customizable, personalized with high standard experience on their terms Time shifting Information is freeInformation overload

Business Model Changes

Fragmenting channels Traditional media is being absorbed and changed Loss of control over brands

3 Critical Trends Shaping the future

25% of banking offerings

Islamic Finance Challenges

Limited Allocated Budget/IT Investment
Lack of single set of Islamic Banking Standards

Limited Core Solution Offerings

Strong Islamic module/customization in Conventional system Mature Pure-play system

Lack of specialized competent talents

Fragile overall infrastructure

Technological future Competition

Religion-based banking, equity trading, mutual funds, financial services and so forth (including Islamic banking, takaful insurance and the Dharma Global Index) require new applications, products and heavy software customization, thus creating a role for religion domain experts.
Asheesh Raina, principal research analyst at Gartner

Islamic Finance Specialty

Financial Technology Focus & Direction

Technology Revolution

Sharia-compliant finance - Technological Strategic Focus for 2013

Core Banking Products

Key Banking Modules Front Office Operations Customer Relationship Management Financing & Collection Operations Financial Accounting & Reporting Trade Finance Operations Investment Banking Treasury Operations Cash Flow Monitoring Business Intelligence Risk Management Reporting Delivery Channels & Mobile Banking Systems Interfaces & Integration Solutions System Administration & Support Applications.

[ as at 28 May 2012 ] Temenos** Silverlake Axis Oracle FSS **(Oracle Financial Services Software) Misys** Path Solutions* Infosys** TCS FS**

[ as at 28 August 2011 ] Temenos Oracle FSS Silverlake Axis Misys Path Solutions Infosys ITS (International Turnkey Systems) TCS FS FIS (Fidelity) BML Istisharat

[ as at 20 March 2011 ] Temenos Oracle FSS Infosys Path Solutions ITS (International Turnkey Systems) Misys TCS FS

ITS *(International Turnkey Systems) FIS *(Fidelity) BML Istisharat *

Silverlake Axis
FIS (Fidelity) BML Istisharat
Source: inntron.com

2012 Banking Technology Trends Focus

1. 2. 3. 4. 5. 6. Convergence of Mobile and Online Technologies The Rise of Business Process Management Goodbye Email, Hello Message Center The 'Tabletization' of Banking and the User Experience Security increasingly is A Moving Target Integrating Toward a Brave, New Post-Channel World

7.
8.

Pushing Self-Service Products to Generate Revenue

Reaching the Next Level of Mobile Evolution

The Bankers Technology Awards 2012

Best Green IT Initiative by a Financial Institution Best Industry Infrastructure Initiative Best Internet Banking Services Provider Best Payments System Initiative Best Security Initiative Best Trading Platform or Venue Best Transaction/Wholesale Banking Initiative Best Use of IT in Retail Banking Best Use of IT in Investment Banking Best Use of IT in Wholesale/Transaction Banking Best Use of IT for the purposes of regulatory change Best Use of Mobile Technology in Financial Services CIO of the Year IT Team of the Year Outstanding Contribution by a Female in Financial Technology Outstanding Individual Contribution to the Industry

Top 10 Ten Trends 2013 (Gartner)

Trend 1: Mobile Device Battles Trend 8: Actionable Analytics Trend 9: In Memory Computing

Trend 2: Mobile Applications and HTML5

Trend 7: Strategic Big Data

Trend 10: Integrated Ecosystems

Trend 3: Personal Cloud

Trend 6: Hybrid IT and Cloud Computing

Trend 4: Enterprise App Stores

Trend 5: Internet of Things

Key Technology Drivers (Always on)

Convergence of these forces: Entering an Always on era

Everyone Leveraging human networks

Social Always on Information Anything Any information that matters Cloud Mobile

Anytime Access anytime we need it

Anywhere Delivery Platform that allows people to come together anytime, anywhere

Clouding Banking

Mobile Banking
Mobile devices

Connector using TCP Socket, HTTPs, etc Multiple mobile access method
SMS gateway / SMSCs

Mobile Banking Application

Outsource / bank premises

Core Banking System

bank premises

SMS

3G/GPRS/I nternet

J2ME

WAP

Payment Aggregators

Other banks
Visa, Master,etc 3rd parties

IT Strategy

Change Management

Culture of Innovation

Pioneered

Competent Team

Budget

Always on