Aite-Novarica Group Announces Launch of Financial Services CIO/CTO Consulting Practice

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Boston, MA, April 20, 2022 (GLOBE NEWSWIRE) — Aite-Novarica Groupa consulting firm providing critical technology, regulatory, markets and operations insights to banks, payments providers, insurers and securities firms, today announced the launch of its CIO consultancy /CTO for financial services.

The service is designed specifically for senior executives at banks, payment providers, and securities/investment firms who lead the technology function or are responsible for technology strategy and execution. It is led by Mitch Wein, Head of Financial Services CIO/CTO Advisory. Joining him in the team is a research associate Aisha Chandraker.

“Top IT executives (CIO, CTO, and chief architects) don’t have internal counterparts in their organization,” says Mitch Wein. “IT leaders in banking, payment providers, and securities/investment firms now have an advisory member who focuses on their technology challenges, within their industry and regulatory context. By providing these leaders with access to proprietary research, expert practitioner consultation, and a network of C-level peers who provide decision support for functional and business priorities, our CIO/CTO consulting practice of financial services empowers members to shape strategy and make technology initiatives more effective. .”

Kurt Reisenberg, Managing Director of Aite-Novarica Group, adds, “Created specifically for technology leaders in financial services organizations, our new financial services CIO/CTO consulting practice helps clients make better technology decisions to impact business. larger business. Our CIO advisors have an average level of experience of over 20 years in financial services technology leadership and can use this real-world experience to help senior executives at banks, payments providers and securities/d investment to tackle real-world problems and achieve functional and business goals. Goals.”

As part of the launch of the practice for Financial Services CIO/CTO Advisory, Mitch Wein has produced a new impact report, Map of Central Banking Systems, presenting a common frame of reference for banking IT managers to discuss their application portfolios and how they integrate them into a reference architecture. By illustrating a base systems map with a high-level overview of the main features of each element, banks will be able to categorize the different types of software and services available in the market and assess how these types of software and services combine optimally. .

With the new Financial Services CIO/CTO Advisory practice, Aite-Novarica Group creates unique value for banking and financial services CIOs/CTOs by framing their technology imperatives and challenges within the relevant industry and regulatory context. Members benefit from proprietary research and insights, expert practitioner consultations with the Aite-Novarica Group team, and a network of C-level peers who provide decision support to increase ROI on investments and technological practices. By tapping into the experience of Aite-Novarica Group peers and our network of financial institution clients, the Financial Services CIO/CTO Consulting Practice is effectively positioned to help IT managers solve their critical challenges, including:

  • Modernize or replace core banking platforms to deliver on the promise of 24-hour banking
  • Lead an enterprise architecture function that ensures FDIC compliance and enables adoption of advanced technologies
  • Developing an enterprise data strategy for banks, payment providers and securities/investment companies
  • Provide leadership and execute the organization’s digital transformation strategy
  • Create a talent management and acquisition strategy to develop future workforce skills
  • Develop a corporate IT strategy and roadmap, as well as facilitate the selection of core system vendors (through expert advice)

For more information about the Aite-Novarica Group Financial Services CIO/CTO Consulting Practice, please visit us at or send your request to [email protected].

On Aite Novarica Group:

Aite-Novarica Group is a consulting firm that provides essential technology, regulatory, strategy and operations insights to hundreds of banks, insurers, payment providers and investment firms, as well as to the technology and service providers that support them. Comprised of former senior technology, strategy and operations executives as well as experienced researchers and consultants, our experts provide practical advice to our clientele. The quality of our research, ideas and advice is based on our core values: independence, objectivity, curiosity and integrity. Visit us on the the Web and join us on Twitter and LinkedIn.

Kaitlyn Labbe
Aite-Novarica Group
[email protected]

Source: Aite-Novarica Group