Channels

02:30 PM
Connect Directly
Twitter
LinkedIn
RSS
E-Mail
50%
50%

The Evolving CIO

Increasingly, today's banking CIOs are called upon to achieve corporate objectives as partners of the business. As a result, strategy has become as much a part of the job as technology, according to experts, including three "Innovative CIOs" profiled by BS&T in 2004.

Q: What emerging technologies are you exploring?

Wray, Citizens Financial Group: Service-oriented architecture (SOA) is a breakthrough in terms of allowing "anyhow, anywhere, anytime" banking. Customers want to have complete, consistent access to all information and all functions in every channel, whether working alone on the Web or walking into a branch or calling the phone center. The technology can deliver this, but managing it and the associated operational processes is a real challenge.

Jones, Countrywide Financial: We are currently focused on the thought that e-docs lead to e-mortgages. But, instead of trying to jump to full eMortgage capability in one step, we're building this technology house from the foundation (e-docs) to the roof (e-mortgages). The resulting improvements in productivity and time savings have already been dramatic. Workflow, or business process management (BPM), is a key technology that supports this. We also have a strong belief that virtualization is the backbone to our infrastructure stability and systems availability. Some of the many technologies that support virtualization are storage area networks, virtual OS layers (e.g., VMWare) to create virtual servers, virtual private networks, wireless networks and centralized Web services (i.e., SOA). Using these technologies effectively creates an "always on" environment for the business.

Dick, Regions Bank: We're exploring application streaming and open source options for the desktop. Regions has the seventh-largest branch network in the U.S., so cost-efficient technology delivery and support to all of those end points is critical for us. Grids are another technology we continue to watch. Harnessing the latent computer power in the enterprise has a lot of appeal, and commercially available products make it more practical.

Q: What is the most important skill a banking CIO needs to be successful today?

Wray, Citizens Financial Group: The most important skill is bilingualism - the ability to communicate effectively between business and technology staff. The CIO has to become the master broker of capabilities - both those provided by internal IT assets as well as external providers.

Dick, Regions Bank: The CIOs I respect the most have the ability to transcend strategy to execution. They have the capacity to lay out a vision, create an organizational pursuit with a sense of urgency and follow through with superb execution. Technology experience and managerial skills are certainly important, but an ability to adapt and lead situationally, communicate and relate well to others, combined with a certain level of assertiveness and a competitive spirit to win, are probably the differentiators of great versus average CIOs.

Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio

Previous
2 of 2
Next
Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.