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