The IBM Financial Services Cloud Council returned to IBM’s impressive office space at One Madison Avenue in New York City for this year’s event. 60+ representatives from financial services organizations, regulators, technology partners and trade associations were in attendance. The event’s theme focused on Empowering Growth: Building Resilient, Innovative Cloud & AI Agendas. The rapid acceleration of AI, coupled with cost pressures and sophisticated cyber threats, brings a unique set of challenges for CIOs, CTOs, CISOs and risk leaders across the banking sector. Practical approaches to operating in the current environment and leading the innovation agendas required to succeed were central to the conversations and debates over the two-day event.
Day 1: Innovations and Opportunities
Speakers joined from Vanguard, Royal Bank of Canada, TD Bank Group, Intel, Form3, Sirion and Citi.
Discussions focused on:
• a quantitative method used to assess the impact of mega-trends on the global economy and the effects of AI, deficits, and demographic shifts.
• how banks are pushing forward their AI agendas and balancing the governance and guardrails needed to ensure the ethical application and use of AI.
• navigating the critical balance of innovation and compliance.
• managing costs while pushing forward investment in technologies that will provide the growth trajectory banks need.
Day 2: Regulatory and Risk Environment
Our second day speakers included experts from FDIC, Rock Creek Global Advisors, Synchrony, JP Morgan Chase, American Bankers Association, Cloud Security Alliance, BNP Paribas, BNY, The Clearing House Payments Company and BMO.
The day two conversations covered:
• how regulators and the banking sector are considering the current environment and practical steps for progressing innovation agendas.
• opportunities for public sector and private sector partnerships to bring a secure adoption of AI and cloud.
• building a secure, compliant, modern financial services delivery model to address the growing risk in the software supply chain and SaaS as a default delivery for software.
• defending and disrupting the banking industry with Quantum and how to capitalize on this technology.
Attendees had the opportunity to participate in one of the following bank-led breakout sessions:
• Agentic AI Governance Working Group
• Cloud 3rd Party Risk Advisory Group
• Bridging Banking & Fintech Innovation
Event Summary and Presentations
All IBM Financial Services Cloud Council member organizations can access the 7 & 8 October Council Event Summary here and the Presentations here.
As a reminder, previous Council Meeting and Event Summaries and Presentations are available on the Council Corner.
For non-members, if you are interested in participating in future IBM Financial Services Cloud Council sessions, please send an inquiry to Trudi Hermon.
The Financial Services Cloud Council and Forum Team
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