Interview: BBD on how digital disruption is upending financial services

Loading player...
In this episode of the podcast, BBD UK director and the group’s executive head of banking, Matthew Barnard, and BBD executive head of cloud services, Dieter Rosch, discuss the fundamental digital disruption sweeping through banking and financial services.
South African banks spend a huge amount of money on IT every year, but several disruptive forces, including the shift to cloud computing, are emerging that could turn the sector on its head in the coming years.
Barnard and Rosch share their views on the software trends in financial services IT and how banks are approaching the topic of digital transformation to ensure they remain innovative and relevant.
Many of these institutions have an enormous base of legacy technology that may serve to hold them back in these critical projects. What are the best-practice approaches to digital transformation, and how do South African banks compare to their peers internationally? Should they be reinventing their core, or building separate businesses to chase new fintech opportunities?
Rosch looks at some of the approaches being adopted and talks in detail about the concept of “microservices” versus “monoliths” versus “hybrids”. Why could a microservices approach help banks achieve their goals? And how should they be approaching cloud in their transformation journeys?
Barnard talks about how regulation affects the industry and the ability to lead projects of this magnitude, and why the ability to train and retain key skills will be a critical success factor.
It’s a great discussion for anyone involved in or interested in how digital disruption is upending the financial services sector. Don’t miss it!
28 Aug 2019 English South Africa Technology · Business

Other recent episodes

TCS | Donovan Marsh on AI and the future of filmmaking

Award-winning South African film director Donovan Marsh has pivoted to artificial intelligence filmmaking and believes generative AI tools could fundamentally reshape how movies are made – and who gets to make them. Marsh, whose 30-year career includes directing the Hollywood submarine thriller Hunter Killer starring Gerard Butler and Gary Oldman,…
7 Apr 52 min

TCS+ | Vodacom Business moves to crack the SME tech gap

Everyone agrees that small and medium enterprises are the backbone of the South African economy. But the reality on the ground tells a different story – too many small businesses are still running on spreadsheets and WhatsApp, locked out of the tools that could help them compete. In this episode…
5 Apr 34 min

TCS | MTN’s Divyesh Joshi on the strategy behind Pi

MTN South Africa has launched Pi, a digital-only mobile operator that runs on MTN’s network but operates as a standalone brand, offering contract-free mobile and home 5G connectivity through a single app, with no call centres, no credit checks and no lock-in. In this episode of the TechCentral Show, TechCentral…
1 Apr 21 min

TCS | Anoosh Rooplal on the Post Office’s last stand

The South African Post Office has been in business rescue – a form of bankruptcy protection – since July 2023. Business rescue practitioners Anoosh Rooplal and Juanito Damons have made it clear to parliament that the entity will not survive liquidation unless a R3.8-billion bailout is received soon. With some…
27 Mar 27 min

Meet the CIO | Healthbridge CTO Anton Fatti on the future of digital health

Anton Fatti, chief technology officer of HealthBridge, says the doctor-patient relationship must remain at the centre of digital transformation in healthcare, even as AI reshapes how medical practices operate. Speaking on TechCentral’s Meet the CIO podcast series, brought to you by NTT DATA, Fatti said AI and cloud computing are…
23 Mar 45 min