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Institutt for informatikk

Seminar | Institutt for Informatikk

Why financial institutions are seriously looking at technologies like: AI, Machine learning, Bots and Blockchain

New technology, changes to customer behaviour and regulations threaten to disrupt the banks’ business models. What are banks doing to stay relevant and defend their position in a world of increased competition from new players like Google and Apple and an ever-increasing number of Fintech companies? We are pleased to present Lars Madsen, enterprise architect at Sparebanken Vest, who will discuss these questions at this month´s department seminar.

Abstract

Lars Madsen, enterprise architect at Sparebanken Vest, will talk about why financial institutions are starting took seriously at technologies like:

  • AI
  • Machine learning
  • Bots
  • Blockchain

Lars will also talk about the environment that the banks operate in with regards to:

  • Security and Identity concerns
  • Open banking - the bank as a platform?
  • Regulatory changes – not as boring as it sounds!
  • New competitors – Facebook, Google, your next start-up?

What skills are banks looking for today and in the coming years? What tasks do the people working in IT at Sparebanken Vest do day to day? This is a good opportunity to learn more about technology in banking and IT from an insider’s point of view.

Biography

Lars Madsen is working as an Enterprise Architect at Sparebanken Vest. He has been with the company since 2012. Previously Lars has worked in London for Barclays and Deutsche Bank and in Bergen for the consultancy Webstep. Lars has been building systems for the banking industry since 2001 and holds a B.Sc. from the University of Stirling.

About Sparebanken Vest

Sparebanken Vest is the fourth biggest Norwegian Bank. Headquartered in Bergen, it serves both private and corporate customers in Hordaland, Rogaland and Sogn and Fjordane. Sparebanken Vest believes in keeping an In-house IT department, and invests heavily in developing excellent digital solutions for its customers. There bank employs 750 employees of which around 150 work with IT.