Sparta Global attend the Banking Technology Awards

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Sparta Global attended the Banking Technology Awards at the London Marriott Hotel Grosvenor Square in Mayfair on 13th December 2018.

Now in their 19th year, the Banking Technology Awards recognise excellence and innovation in the use of IT in financial services worldwide, and the people who make it happen.

The Banking Technology Awards consists of almost 20 categories, each of which celebrating an industry leading use of technology; from cloud to mobile and AI to regtech. Looking at the number of applications and companies involved, it is abundantly clear technology has become an integral part of banking and finance operations. It is no longer considered an add-on or a tool for improved efficiencies – it is critical.

Legacy vs infancy

The revolution in banking technology – spearheaded by the rising number of fintech companies – has put pressure on financial juggernauts to keep pace with innovation. Banks with histories stretching back centuries have found themselves playing catch up to adapt and compete with new fintech players. Banking fundamentals have proved difficult to change.

Stephen Bird, CEO for global consumer banking at Citi, recently said established banks will need a "tense and deep re-engineering of processes to enhance speed, convenience and trust and get at what is most important: the customer.”

Customer first

In our increasingly connected and capable society, customers expect seamless service and instant interactions across the board. Technology is now leveraged to better serve these customers, create advantages and deliver innovative products and services. Online banking, automated tellers, deposits with no deposit slips and balances calculated in real time – it has taken years of careful innovation to successfully digitise the banking industry.

Digital talent

To deliver best-in-class banking technology, the finance industry needs to invest in finding and retaining digital talent. Without a trusted team of developers to continuously build and test frameworks for new technologies, organisations will deliver inefficient services and fall behind competitors. But currently, there just aren’t enough employees with the right tech skills to get the job done.

Sparta Global was born from my own frustrations when sourcing technical talent and, alongside my team, I am working towards training an expert tech workforce to bridge the skills gap and support the UK’s position as a financial leader.

Our specialist academy courses provide graduates with up-to-date and practical training to hit the ground running in any working environment and are populated by people from different walks of life, with varying ideas, strengths and weaknesses. 

If you would like to learn more about Sparta Global and how we can provide a cost effective, flexible and high-quality alternative to traditional contractors and offshore and nearshore services – get in contact today.