The agenda of the CIO of a bank or insurance company

A frequently encountered weakness is the lack of business & IT alignment. The synchronisation and integration of business and IT strategies is a key success factor. Often the necessary alignment of strategic IT goals with business goals does not take place. We guide you through the process and support you in developing an integrative IT strategy.

KPMG - the clear choice for conceptualising and implementing the topics on the CIO agenda

The strategic guidelines must then be broken down into a future-proof IT architecture. In practice, heterogeneous architectural landscapes can be found. The main challenge in architecture design is therefore not so much the design of a future-proof, scalable and innovative architecture, but rather the design of the transformation. We support you in the process of dynamic further development of your existing architectures - especially in the cloud environment.

Directly related to the IT architecture is the question of the appropriate operating and sourcing model - i.e. which service providers and partners should be integrated into your own architecture? In practice, there are very different sourcing strategies and ecosystems, from very monolithic contractual relationships of "full outsourcing" to very small-scale "outtasking" landscapes. Our experts develop customised sourcing strategies that are tailored to your specific needs.

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How KPMG can support you

We are the point of contact for the CIO of a bank, insurance company or asset manager. You benefit from our expertise in regulatory issues, our specialist and process know-how and our technical expertise. We understand the current challenges facing CIOs and support you in the transformation of your IT. From strategy development and architecture (re)design to the design of modern sourcing and cloud models.

IT strategy
- Development of strategic guidelines and a target image to make your IT competitive and future-proof
- Designing the organisational structure and processes as part of a functioning governance model
- Change management as part of the IT transformation
Sourcing
- Development of sourcing strategies and sourcing models
- Selection of suitable service providers/partners
- Development/establishment of a sourcing management and governance model
- Fulfilment of regulatory requirements (KWG, MaRisk)
Cloud
- Development of cloud strategies (e.g. multi-provider)
- Development/establishment of a cloud centre of excellence to bundle cloud expertise within the company
- Compliance with regulatory requirements (including C5)
- Transformation of the organisational structure and processes into an agile organisation
- Development of cloud-native solutions (e.g. data lake)
Enterprise architecture
- Carrying out a digital readiness assessment
- Development of a target development plan for the operational bank architecture
- Development of an API strategy and design of the API architecture layer
- Target image development for integrated process and data management

We always prioritise the feasibility of your project and its compatibility with your corporate culture and regulatory requirements. As consultants to the CIO, we support you from the strategy to the implementation of the transformation.

Feel free to contact us with any questions you may have about strategic and technological transformation.

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