As part of a series on forward thinking business leaders, Ian was interviewed by Mark Chillingworth, Horizon magazine, for his thoughts on the future of banking.
CIO Ian Alderton is banking on the future
Ian Alderton has flipped the coin and is looking ahead at the growing number of opportunities financial services CIOs can embrace as attitudes, regulations and technologies open doors.
In the prestigious CIO magazine, Ian was interviewed by Mark Chillingworth (Editor in Chief) as part of a CIO Profile series.
Ian Alderton finds a warrior instinct in banking at Bank of Tokyo-Mitsubishi
Bank of Tokyo-Mitsubishi has a set of values based on trust made in Japan is an exciting opportunity for technology leadership.
Read Ian’s thought leadership paper on Big Data as the new digital currency that was published in the prestigious CIO magazine.
Big Data Gives Banking CIOs New Frontier For Innovation
Big Data has been with us for many, many years. Arguably, Big Data can trace its roots back to the 1880 US census.
This survey of 50 million people generated 2.5 gigabytes of data with results being calculated using punch cards in just six weeks.
The technology boom since 1880 has created the explosive growth of data within organisations.
IBM states that data growth is running at a torrent of 2.5 exabytes per day (where an exabyte is a billion gigabytes).
Of this 90 per cent of the information has only been created in the last two years.
Since 1880, technology has created a global economy where transactions have evolved from cash to credit cards through to electronic payments. The next evolution is a digital economy where data is the new currency.
In the renowned Financial Times publication, Ian was interviewed as part of a ‘CIO Series’ for his views, insight and expertise on the post crisis rebuild of the financial services technology sector ( www.t.co/Ha2UR1QH ).
Ian was interviewed by Paul Taylor ( US Business Technology and Telecoms Editor, Financial Times ).
Forbes the leading publication for the world’s business leaders (www.forbes.com), provides real-time reporting and concise analysis for the global business community.
As part of a leadership feature on social business transformation, Ian was given the prestigious international award of number 4 in the ‘Top 25 Most Social CIOs in the Fortune 250’ (www.onforb.es/HjwP4K).
Ian was recognised along with Oliver Bussman (Global CIO, SAP), Benjamin Fred (CIO, Google) and Abraham Galan (CIO, Pemex) as one of the leading global CIOs driving social business transformation from the Fortune 250.
The biggest names in the banking and financial services world gathered at the Grand Connaught Rooms in London for the Banking Technology 2011 Awards.
The awards were judged by an eminent panel of expert practitioners and industry leaders including Professor Michael Mainelli (Executive Chairman, Z/Yen Group), Ray O’Brien (Global Head of Risk IT, HSBC), Stephen Norman (CIO Global Banking & Markets, RBS) and Paul Willmott (Director, McKinsey & Co).
As the ultimate accolade of the evening, Ian was awarded the highly prestigious and acclaimed Banking Technology “CIO Of The Year” award for his oustanding contribution to the industry.
Pictured left to right are David Bannister (Editor, Banking Technology) , Ian Alderton, (CIO Corporate Banking, RBS) and legendary comedian and compere Fred MacAulay.
The leading Banking Systems & Technology publication (www.banktech.com) provides senior level executives with real world coverage and strategic insight on the technology challenges across the financial industry.
In a key article on shaping the competitive environment ( www.bit.ly/gbOEfz ), Ian was profiled as one of the significant people to watch in the banking technology sector for 2011.
Banking Technology (www.bankingtech.com) is the leading magazine in the financial IT industry, providing market news, innovations and expert commentary.
Following on from the success of the Trade Tech Architecture conference Ian, along with Philip Freeborn (CIO, Barclay Capital), was interviewed as an industry expert for his views on rebuilding the investment banking model in 2010.
Ian described the current challenges of tighter oversight, lower leverage and higher capital costs, with banks moving into simpler, more specialised business units. Ian went on to explain that this was coupled with a move to a lower margin, higher transactional volume business model that was applying constant downward pressure on margins. Ian’s view was clear in that this could only be achieved by examining operational efficiency, differentiating between fast lane and high touch processes to identifiy strong candidates for automation.
CIOnett (www.cionet.com) publication empowers CIOs & IT Managers to network more efficiently and effectively for business.
Ian was approached, as a European CIO himself, to be interviewed on how the role of the CIO has changed and challenges faced in the economic downturn.
Dealing With Technology’ (www.dealingwithtechnology.com) is an International weekly publication for Trading technology.
It delivers up-to-date news, analysis and reports on how the world’s sell-side financial trading markets are leveraging the latest IT innovations, plus the key technology issues from the major financial centers.
For the May2009 issue, Ian featured in an article entitled ‘Cloud Security Challenges Adoption’, after appearing at the successful DWT 2009 (London) conference.