Technology Magazine January 2018 | Page 20

– Jason Rolles , CEO , BlueOptima

high-performance software teams and disruptive innovation by using hard facts and cold data ,” says Rolles . “ We plug into the systems , we analyse the data and we provide irrefutable data points around what good looks like in an organisation . We showcase data round activity , operations and risk . Until now , technology has been perceived as the plumbing of the organisation rather than the driver of marketshare and innovation – and for the bank to thrive , it has to change this mindset .”

BlueOptima uses the data that already exists in the organisation and analyses it over time to quantify output . The results then allow for the bank to determine how productive an engineer is and gives the banks the space to open up conversations around knowledge , understanding and skills . It also provides the banks with the insight needed to understand the quality of what has been delivered on an objective level .

“ The technology market is reaching heady heights and is coalescing to create a period of great disruption for numerous industries and I believe that financial services are going to be one of the first ,” concludes Rolles . “ I think the pace is only going to increase and the whole fintech phenomenon is going to become even more dangerous and banks will take risks in acquisitions to stay ahead . However , just as banks have to be regulated , so will those fintech disruptors when they reach a certain level and here the banks will have an advantage . They already know how to manage the regulators , they are already compliant and this could see the tables turn .” Perhaps the future will see the banks turn to the fintechs that shook their massive foundations and say ‘ it ’ s time to sell , isn ’ t it ? Oh , and I want you to give me a discount because the regulator is breathing down your neck and I ’ m the one who knows what to do next ’.

20 January 2018