Smarter Money
Banking Technology – The way our planet manages
its money needs to get a whole lot smarter - and now it can.
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Banking Technology - Smart money doesn’t change hands. It changes minds.
Thanks to banking technology, money rarely changes hands any more. Few transactions actually use cash. In fact, hard currency represents only 7.7% of the money supply in the UK. That ‘money’ then flows into savings or is spent. When spent, it will flow through that company’s supply chain, to be deposited in another business's account... to start the journey over again.
That means our money has been reduced to zeros and ones. It's intangible, invisible. It's information. Which is central both to the problem we face — and to its solution.
Money as intelligence
IBM is working to create next-generation banking technology that addresses the requirements for updated IT infrastructures that can scale to handle unprecedented numbers of data sources and provide computing power on a massive scale. Our clients are actively involved in becoming more interconnected, instrumented and intelligent. Given this, they are quickly looking to leverage new models to address their business needs.
How to build a smarter bank
Wendy Feller from the IBM Institute for Business Value talks about how financial services organisations can deliver market stability and sustainable returns to the real economy using smarter banking technology, which melds innovative trust, service and products with green computing for a better planet.
Toward transparency and sustainability: Building a new financial order
How will the financial markets industry make money in the future? The current financial crisis has exposed the problems with creating and exploiting "pockets of opacity" across the system. If the industry is to deliver sustainable returns, it will have to embrace change. It will need to begin by working with regulators to build a financial system that is stable while still allowing for healthy innovation adopting new banking technology. Individual firms will also have to specialise and learn to fulfill their brand promises.
Surviving in the current climate
Over the past year, we have witnessed unprecedented change in the global financial landscape. An overall economic slowdown in major economies coupled with extreme volatility requires banks to undertake a balanced set of strategic initiatives. In this series of videos Vik Lund, Banking Industry Leader, North East Europe explores five of the most important areas for banks to concentrate on.
- Near term Cost Reduction to stabilise operating margins
- Implement an improved Risk Management discipline
- Optimise in a post Merger & Acquisition environment
- Re-establish trust and relationships with Customers
- Transform business models for long term viability
Watch each of the videos and learn how it’s possible to survive in the current economic climate.
Increasing capacity
The Depository Trust & Clearing Corporation (DTCC) experienced a 77% increase in overall transaction processing capacity after IBM re-architected its core processing infrastructure. The project enabled the organisation to enhance its already world-leading transaction capabilities, handling three times the highest volume ever recorded.
Undressing in public: Harnessing the power of Web 2.0 to rebuild trust in banking
More customers are online than ever before. This IBM Institute for Business Value white paper spells out why banks should learn to use methods such as blogging and social networking to cost-effectively and efficiently reach an increasingly fragmented and dispersed customer base.
Growing trust, transparency and technology: Insurance customers' perspectives in a global context
This updated IBM Institute for Business Value study shows that insurers in the Americas, like their European counterparts, suffer from a lack of consumer trust and that heightened transparency, service and flexibility will be necessary to reach the customer of the future.
How IBM can help
UK Banking solutions UK Financial Markets Banking security (US) Green banking (US)
Smarter Business & Technology
You've seen the areas where progress is still needed to build a smarter planet ... now why not explore the business solutions and technology that will help drive the change that is needed.
