Bimodal IT Strategy for a Financial Services Firm

A Financial Services company decides redefine its IT strategy leverage the benefits of digital technologies


A Financial Services company in Asia-Pacific with more with more than $40 billion in funds under administration decides to redefine its IT strategy to deliver digital solutions to its clients and staff. It also wants to commence cost-effective modernization of legacy support systems.


The CIO of a Financial Services company was asked to prepare a strategy, roadmap and budget improve the digital capabilities of the company. The new strategy and roadmap needed to steer the business to make the appropriate technology investments in solutions given current funding constraints and the scope of existing IT programs. The Executive Team was concerned about the significant digital footprint of its competitors and negative market perception about the company’s digital presence.


The company engaged Technova to assist the CIO and the Executive Team:
• To deliver a two-hour presentation on disruptive trends and digital opportunities to the Board, CEO and senior executive
• Understand and document the digital expectations of top 15 executive of the company
• Facilitate the creation of a Bimodal IT strategy working with the CIO and other senior leaders
• Prepare a practical roadmap for execution of the strategy
• Define investment requirements for 24 months


Technova worked colloboratively with the CIO and the Executive Team in delivering
• Disruption and digital opportunities awareness program
• Business requirements and prioritization report
• Facilitation of a workshop to define the digital strategy
• Revision of existing IT strategy
• Digital Strategy for 24 months
• Roadmap and execution plan for 24 months
• A review of IT Budget
• Digital budget recommendations
• High-level definition of major digital initiatives
• Recommend potential vendors for further discussion

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