Competitive advantages of Air Banking
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Transcript of Competitive advantages of Air Banking
Competitive Advantagesof Air Banking
About Us
• Enterprise Grade
• Vendor Management
• Consumer Compliance
• Gramm-Leach-Bliley Act
• Business Continuity
• FFIEC (IT Handbooks)
Enterprise Compliance Management
Presenter
Brad GarlandCEO, RiskKey.com
4• Evolutionary or Revolutionary?
• Changing the conversation
• Technology & Compliance
• Banking Game Changers
Evolutionary or Revolutionary?
“The Cloud”
Cultural
Technological
Technological Shift
Locations - 70s Machines - 80s/90s
Documents - 90s/00sPeople - Today
Newspapers TVRadio Blogs/PodcastsGoogle
FacebookTwitter
DVR/TivoXbox/Wii
4th century 1896 1920s Last 15 years!
Fast forward Innovation
Cultural Shift
News
Information
Mass Media
Advertising
Data
News
Information
Mass Media
Advertising
Data
Blogs
Wiki’s
Video/Podcasts
Personal Reviews
Niche Content
Technology is easier & cheaper
‘Cloud’ adoptionincreases
Changing the conversation
Translate it to banking please?!
Banking in the Clouds
• Anywhere/Anytime
• Improved Reliability
• Still Secure
• Big or small? Don’t care.
Checking volumes on the decline
• Outsourced Cores
• Branch Capture
• Virtualization
• VoIP Phones
• Mobile Access
You’re doing it, too!
Technology&
Compliance
• Executive Buy-in
• Risk Assessment
• Develop Policies
• Train & Monitor
A Plan for Success
• Don’t overcomplicate • Plan for adjustments as you go
• Train, train, and retrain!
BankingGame Changers
New Accounts
MerchantProcessing
Savings Accounts
Mobile Banking
PersonalFinance
Managers
PFMsfor
Business
P2P Lending
Investments
Recap
• Banking is changing
• Decentralized, Real-time
• Social Media has its pro’s and con’s
• Research latest technologies (Finovate or Techcrunch)
• Prepare for the moving target