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Jamil Mina - Digitalization of Financial Services in the Age of Cloud (Fourth Early Release)

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Jamil Mina Digitalization of Financial Services in the Age of Cloud (Fourth Early Release)

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If youre planning, building, or implementing a cloud strategy that supports digitalization for your financial services business, this invaluable guide clearly sets out the crucial factors and questions to consider first. With it, youll learn how to avoid the costly and time-consuming pitfalls and disappointments of cloud adoption and take full advantage of the cloud operational model. Youll discover cloud tactics that unlock the benefits of digitalization and how to create a cloud strategy that has the flexibility to streamline operations, integrate channels, and encourage innovation in your firm.Packed with invaluable advice and real-world case studies, this book will show you how toSelect the right operational models for your needsBuild resilience into your companys technologiesAssess the trade-offs of third-party digital native services versus developing them in-houseEnsure operability across cloud services providersBalance innovation and accountabilityDeal with digitalization issues of particular importance in finance, such as governance, security, and regulatory compliance

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Digitalization of Financial Services in the Age of Cloud

by Jamil Mina , Armin Warda , Rafael Marins , and Russ Miles

Copyright 2023 OReilly Media, Inc. All rights reserved.

Printed in the United States of America.

Published by OReilly Media, Inc. , 1005 Gravenstein Highway North, Sebastopol, CA 95472.

OReilly books may be purchased for educational, business, or sales promotional use. Online editions are also available for most titles (http://oreilly.com). For more information, contact our corporate/institutional sales department: 800-998-9938 or corporate@oreilly.com.

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  • Illustrator: Kate Dullea
  • May 2023: First Edition
Revision History for the Early Release
  • 2022-11-07: First Release
  • 2022-12-07: Second Release
  • 2023-01-13: Third Release
  • 2023-04-19: Fourth Release

See http://oreilly.com/catalog/errata.csp?isbn=9781098136277 for release details.

The OReilly logo is a registered trademark of OReilly Media, Inc. Digitalization of Financial Services in the Age of Cloud, the cover image, and related trade dress are trademarks of OReilly Media, Inc.

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This work is part of a collaboration between OReilly and Red Hat. See our statement of editorial independence.

978-1-098-13621-5

[LSI]

Preface

Dont believe the (cloud) hype. Even when we limit the scope to financial services when it comes to strategy, there is no one way. We know that now, and weve known it for several hundred years.

Why We Wrote This Book

In the late Renaissance, a shift in thinking occurred. Magic and mysticism shuffled into the background, and the scientific perspective and method took hold. Hopes and prayers took a step back, and careful, and sometimes not-so-careful, experimental progress took its moment in the limelight.

In this book, we aim to achieve the same thing on a more modest scale. Countering the myths created by victims of hindsight bias or, worse, vendor-induced overpromises, we wrote this book as a navigational aid to help you avoid the Bermuda Triangle of naive change and instead plot a scientific course to the much-desired return on investment (ROI) of digitalization in the age of the cloud.

We dont pretend there is one journey to rule them all. Digitalization, as youll learn from the get-go, is a complex, sociotechnical evolution that will disrupt your systems and processes. Your journey will be unique, and in this book, we show you how to construct and, iteratively and incrementally, execute a roadmap toward the ROI you seek. Its your companys money and your decisions to make; we help you build a strategy and roadmap based on scientific experimentation to give you the best chance of reaching your destination.

Your journey to digitalization ROI is made up of careful experimental steps, and our goal is for this to be the book that helps you construct the map you need.

How to Use (or Navigate) This Book

Weve split this book into three parts. The first part deals squarely with what digitalization is, how and what a strategy is, and how everything ties back to the ROI signals you are seeking.

, where you get to pick, choose, and generally jump among different categories of change to decide on the experimental templates you might incorporate into your roadmap to gain your own digitalization ROI in the cloud.

Conventions Used in This Book

The following typographical conventions are used in this book:

Italic

Indicates new terms, URLs, email addresses, filenames, and file extensions.

Using Code Examples

Supplemental material (code examples, exercises, etc.) is available for download at https://github.com/oreillymedia/title_title.

If you have a technical question or a problem using the code examples, please send email to .

This book is here to help you get your job done. In general, if example code is offered with this book, you may use it in your programs and documentation. You do not need to contact us for permission unless youre reproducing a significant portion of the code. For example, writing a program that uses several chunks of code from this book does not require permission. Selling or distributing examples from OReilly books does require permission. Answering a question by citing this book and quoting example code does not require permission. Incorporating a significant amount of example code from this book into your products documentation does require permission.

We appreciate, but generally do not require, attribution. An attribution usually includes the title, author, publisher, and ISBN. For example: Digitalization of Financial Services in the Age of Cloud by Jamil Mina, Armin Warda, Rafael Marins, and Russ Miles (OReilly). Copyright OReilly Media Inc., 978-1-098-13621-5.

If you feel your use of code examples falls outside fair use or the permission given above, feel free to contact us at .

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