MIDDLE EAST
“ There ’ s a lot of hype around digital and other technologies ... But at the end of the day , we need to keep asking ourselves ; how is this going to benefit the customer ? The Bank ? And why have existing technologies not been successful previously ? Many times , the real issues are not with technology ”
– Stuart Rennie , Group Head of Information Technology to discuss and build prototype solutions based on blockchain , it brought about a level of pressure to those companies that did not .
“ Naturally , people are going to want to know what your blockchain strategy is if competitors are talking it up ,” Rennie says .
“ But really , it ’ s not an IT question , but a business question . It ’ s about understanding if there is an opportunity , existing or new , that digital or blockchain , etc . can now help to resolve . Even then , is it feasible and do the numbers stack up ? If these stars are aligned , it is time to move … and fast !”
No transformation journey can be completed alone and , for Rennie and Bank ABC , establishing key strategic relationships both internally and externally has and will continue to be critical .
Rennie says that an organisation is nothing without the people that make it up .
“ Systems may help you become more efficient in terms of overall cost and operations ,” he says . “ But essentially everything comes down to relationships with people , managing those relationships and partnerships with a long-term strategic view .”
In a digital landscape , one that will
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