Barry O’Connell

Sandeep Lalwani, Head of UST FinX, and Barry O’Connell, Managing Director at Thought Machine, dive into the urgent need for banking modernization. They discuss why many banks hesitate to update outdated systems and highlight the importance of gradual, modular approaches rather than drastic overhauls. The conversation emphasizes the significance of real-time data and cloud-native technology for enhanced customer experiences. Additionally, they outline strategies for mid-sized banks to innovate while managing costs, urging a mindset shift to embrace continuous modernization.