FIS: Accelerating Digital Intelligence in FinTech: Spark Summit East talk by Aaron Colcord

FIS GlobalAccelerating Digital Intelligence in FinTechAaron ColcordDirector of Engineering, Data and Analytics

Who is FIS Global?• One of the largest global

FinTech companies

• Customers are banks and credit unions

• Ecosystem of products and services built around core banking

• We’re selling to the captive audience of the install base

• A FinTech startup’s dream• We’re FIS Digital Finance, Mobile Data & Analytics

Our expectations have shifted subtly over time

Digital Transformation JourneyWe are all Agents of Transformation

We are all on a digital transformation journey

The way we understand the capabilities

We’ll be talking about what we’ve learned along the way

The Evolution of Banking"financial institution," late 15c., from either Old Italian banca or Middle French banque(itself from the Italian word), both meaning "table" (the notion is of the moneylender's exchange table), from a Germanic source (compare Old High German bank "bench"); see bank(n.2).

Digital Banking Adoption

Banking Behavioral Shift

6xmoreDigitalInteractions

9xmoreDigitalInteractions

Online+MobileOnline+Mobile

BranchBranch+ATM

Data Enhancing Relationships• The Uberization of

retail banking is really difficult

• Thwarted by legacysystems and thinking

• Data is key to getting us from here to there

GOALS

123

Deliver and expand business data

Adapt data needs quickly

Transform and grow data competency

CHALLENGES

ONE

TechnicalDebt

TWO

Internal& ExternalResistance

THREE

Security, Compliance& Regulation

VOLUME • VELOCITY • VARIETYVolume

VelocityVariety

THE3 V’s

VOLUME • VELOCITY • VARIETYVolume

VelocityVariety

VOLUME • VELOCITY • VARIETYBusiness Growth, Proliferation of Devices, Higher Engagement

VOLUME • VELOCITY • VARIETY

VOLUME • VELOCITY • VARIETY

VOLUME • VELOCITY • VARIETY

VOLUME • VELOCITY • VARIETY

VOLUME • VELOCITY • VARIETY

VOLUME • VELOCITY • VARIETYVolume

VelocityVariety

VOLUME • VELOCITY • VARIETY

VOLUME • VELOCITY • VARIETY

VOLUME • VELOCITY • VARIETY

4. VOLUME • VELOCITY • VARIETY

VOLUME • VELOCITY • VARIETY

VOLUME • VELOCITY • VARIETYProcessing ginormous amounts of data with much more being produced

VOLUME • VELOCITY • VARIETY

Increasing Expectations, new verticals, flexible data

Volume

VelocityVariety

VOLUME • VELOCITY • VARIETY

Benefits

Merging known techniques withnew technology is not impossible.

• • •

Data has potential, find it!• • •

Technologies exist to solve big problems.

Customer Solution• Comprehensive capabilities

through a complete platform• Diverse user experience• All built on the same framework• Leveraging bank grade

infrastructure and services• Interfacing through pre-existing as

well as custom integrations

Thank You.