Digital transformation is one of those things everyone is interested in. It seems most have a good handle on the why but often not the how. I recently spoke with Miguel Rio Tinto, Group CIO of Emirates NBD, one of the oldest and biggest financial firms in the Middle East, on how they approach digital transformation.
Can you describe what digital transformation means to you and Emirates NBD?
Rio Tinto: Digital transformation is about change and speed. The banking industry is very competitive, and we need to keep up with smaller, more nimble financial firms, including FinTechs, but also keep an eye on the larger established ones. We are taking a two-pronged approach to digital transformation. The first being evolving IT and how we engage with our bank stakeholders. This means identifying new IT-business working models, identifying new technologies, and driving innovation into everything we do.
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Source: News