Intelligent Issue 04 | Page 18


Sam Wilson , UK Country Manager at Serviceware
from home three or more days a week . In 2021 , the bank announced that it would reduce its office space by a fifth ( 20 %) over the next few years .
Similarly , Deutsche Bank is implementing a hybrid working model that enables staff to work remotely if they choose to do so .
James Von Moltke , Chief Financial Officer and Member of the Management Board at Deutsche Bank , said : “ Innovation is a vital element of the way we work . We ’ re fostering a spirit of innovation as we build the Finance function of the future , working in more agile ways to drive efficiency and deliver change .”
How IT must adapt to power the future of hybrid working
The shift to remote working has demonstrated that on-premises , legacy IT systems are no longer suitable for the needs of many modern businesses , particularly those in the finance and banking industry .
Over the past two years , businesses and IT leaders have had to quickly accelerate their Digital Transformation efforts , while reassessing their workplace investments , resources and priorities to ensure they can meet current and future hybrid working needs . As hybrid working cements itself across financial services , CIOs must adapt accordingly to help their teams remain fully operational and productive . At the heart of striking the right balance is putting the right technology solutions in place . CIOs should take the time to review their interim solutions and assess what their business needs are .
The cloud is perhaps one of the most popular solutions for the financial sector when pursuing innovation with financial institutions already using cloud-based software for business processes such as customer relationship management ( CRM ), human resources ( HR ) and financial accounting . Moving to the cloud has several benefits such as reducing internal costs , the ability to scale up quickly and improved data management with no more siloed systems . Growing demand for cloud among enterprises is coming on the back of rapidly evolving customer expectations and we expect this trend to continue in the next few years . According to The Future of Cloud in Banking report , the majority of retail and commercial banks aim to triple their use of cloud services by 2025 and
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