The Future of Open Banking Depends on Improving the Customer Experience, Successful Digital Transformation and Security Best Practice, Unisys to Tell Global Banking Leaders

Unisys to present at the Global CIO Banking Summit, highlight how the financial services industry can address barriers to Open Banking success

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Unisys Corporation

Feb 05, 2019, 07:55 ET

LONDON and BLUE BELL, Pa., Feb. 5, 2019 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announced it will present at The Global CIO Banking Summit to discuss some of the key challenges and opportunities within the financial services industry.

Simon Healy, industry director for Unisys Financial Services in EMEA, and Salvatore Sinno, Unisys' chief security architect, will host a panel on how financial services providers can keep up with and adapt to new technology. Attendees will discuss the future of "Connected Banking" and what financial institutions need to consider in making decisions with confidence when embarking on transformational change.

"Regulations like Open Banking have prompted financial service providers to innovate, but as new technology such as AI, voice assistants and personalization start to become more prolific across the banking industry we've often found the industry ask how, as a bank, can you keep up with and adapt to these changes while keeping your customers happy?" commented Healy. "Not only this, but banks need to realize the risks to customer data that come with offering more cutting-edge digital services, and how these challenges can be both addressed with proper security and balanced with other needs."

To examine how financial service providers can take advantage of Open Banking without compromising the security of customer data and system integrity, Healy and Sinno will also host a workshop to examine the kinds of cyberattacks that are targeted at financial institutions. Attendees will be able to learn how to identify and mitigate these threats within their environments.

"A Zero Trust approach to security is now a must-have for financial institutions, as increasingly complex cyberattacks have rendered the idea of a secure network perimeter an unattainable reality," commented Healy. "As banks embrace digital transformation and Open Banking, they must take the necessary steps to build security across all of their digital banking services to ensure operational agility while also containing risks. By being able to deliver the perfect trinity among customer experience, digital workplaces and security, financial services providers can make themselves winners from Open Banking."

To wrap up the event, Healy will host an industry roundtable at which the focus will be on predictions for which industry players will be the winners and losers from the Open Banking movement.

Unisys helps financial service providers address these concerns with Elevate™, an end-to-end, digital banking software platform and suite of applications designed to help financial institutions deliver an instantly secure, omnichannel banking experience to their customers. As a result customers can pay their bills on the go, transfer funds and apply for loans and mortgages anytime, anywhere – regardless of whether they are doing so on a mobile device or tablet, via an internet browser or inside a branch.

More than 450 financial institutions worldwide rely on Unisys solutions. For more information on Unisys' financial services capabilities, please visit http://www.unisys.com/industries/financial-services.

About Unisys
Unisys is a global information technology company that builds high-performance, security-centric solutions for the most demanding businesses and governments on Earth. Unisys offerings include security software and services; digital transformation and workplace services; industry applications and services; and innovative software operating environments for high-intensity enterprise computing. For more information on how Unisys builds better outcomes securely for its clients across the Government, Financial Services and Commercial markets, visit www.unisys.com.

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