September 22, 2008

N.R.K. Raman, Oracle Financial Services Software
N.R.K.
Raman
Bank CIOs face a growing list of challenges and obstacles related to security. Because a single breach or event can significantly erode public confidence and stock value, security, fraud control and regulatory compliance remain at the top of the list. Managing risk along with the executive team is also a key priority.

CIOs also continue to struggle with helping their organizations realize the vision of a more customer-centric enterprise while continuing to control costs. This process often requires eliminating legacy information silos and aligning the organization to a single instance across business processes.

A bank CIO must understand the financial institution's strategic direction as well as the technology landscape. The CIO's job is to bridge the two worlds, leveraging technology solutions to advance and support the bank's business strategy. Bank CIOs are also innovation enablers, understanding institutional barriers to change and often developing creative strategies to surmount them.

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