Today environmental and business changes, as well as new and emerging technology, evolves faster than a typical, traditional migration programme. The consequence of this is that both migration and operations has to be done simultaneously and CIO/CTOs have to evolve their management to manage operations in a state of constant flux.
Financial services have become an economic power in their own right. As the process of handling money has given way to complex engineering, so the challenges faced by organisations have increased. TORI has worked with many of the world's leading financial brands to identify, facilitate and manage change.
For many years, level 1 control was either thin or absent in the 3 lines of Defence model adopted by many financial services organisations. However, in recent years, it has become the linchpin of an efficient control environment. Even in organisations where cost rationalisation is a core strategic objective, boards are freeing up more money and more resources to strengthen control resilience in the first line.