project plans to incorporate biometric security, such
as facial recognition, at about 1,000 branches across
the country. And financial firms in the Asia-Pacific
region and Europe, Middle East and Africa are leading the way when it comes to embracing the cloud,
with 41 percent and 35 percent respectively adopting
cloud strategies, according to a 2015 Cloud Security
Alliance global survey of finance leaders.
To reap the benefits of digital projects—better
customer interfaces, greater operational efficiency
and sharper analytics—financial firms are desperate
to find project practitioners who can guide organizations safely into the future. Nearly 80 percent of
CEOs now look for a broader range of skills than
they have in the past, but finding candidates with
a hybrid of project management skills and financial
services know-how is proving to be an uphill battle.
Which means project practitioners with a nose
for numbers can have their pick of plum assignments in this sector.
Finance: Going Digital
With a raft of compliance projects now
in their rear view mirror, many organizations in the finance industry are focused on
the next frontier: digitization.
Implementing a digital strategy displaced regulation as the top concern among banking leaders,
according to a survey by the Economic Intelligence
Unit. Digital portfolios in the finance sector aim to
replace silos of information with a single, holistic
view of the customer and to access real-time data.
Projects range from mobile apps that allow customers to securely transfer funds to major change initiatives to move beyond legacy systems.
At CBW bank in Weir, Kansas, USA, for instance,
developers are working on a project to create “
contextual” debit and credit cards that would allow
bank customers to set specific parameters around
when they could be used (such as a parent giving
a debit card to a child to use during lunchtimes).
The Central Bank of Nigeria is moving forward with
of the financial
from taking a
and creates a
—Indranil Mukherjee, PMP,
Barclays UK, Warrington,