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SUMMARY:Technology Risk Management - Achilles Heels\, Myths and Mirages - 
 Tony Chew (Monetary Authority of Singapore)
DTSTART:20121004T160000Z
DTEND:20121004T170000Z
UID:TALK38920@talks.cam.ac.uk
CONTACT:Wei Ming Khoo
DESCRIPTION:The technology landscape is constantly shifting\, evolving and
  advancing. Major technological disruptions through innovations and new di
 scoveries come around every decade or so. This decade is no different. The
  current technological trends emerging are related to mobile banking and p
 ayments\, cloud computing\, big data analytics\, core banking systems upgr
 ades\, migration to chip card\, dynamic authentication and IT security. Tr
 ust and confidence\, safety and soundness should be the cornerstone of the
 se developments and the initiatives taken in the financial industry.\n\nTh
 e proliferation of technology in banking is pervasive and far-reaching. Te
 chnology and customer demand are driving a huge transformation as to how b
 anking is done. Bank senior management will have to navigate the murky wat
 ers of over-hyped and under-delivered performance of some new technologies
 . IT governance and technology risk management play a very important role 
 here. Regulators will need to see that due diligence practices and safety 
 and soundness requirements are not impeded\, impaired or undermined when n
 ew technologies are deployed.\n\nSpeaker's Bio\n\nTony joined the Monetary
  Authority of Singapore in 1999 to head up the Technology Risk Supervision
  Division. His responsibilities included the development of strategies\, p
 rogrammes\, standards and guidelines for the purpose of regulating and sup
 ervising financial institutions in respect of technology risk management r
 equirements and information security processes. Tony has held the appointm
 ent of Director (Specialist Advisor) for information technology security a
 nd risk management since 1 May 2011. He has been actively engaged in condu
 cting seminars and workshops on banking systems security and technology ri
 sk management in America\, Asia\, Australia\, China and Europe.
LOCATION:Lecture Theatre 2\, Computer Laboratory\, William Gates Building
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