Financial services professionals still value network managers, but technology has become more important in the post-financial crisis landscape, according to a panel at NeMa Europe in Athens.
In an audience poll, attendees were asked if the network management arm of their organisation had increased in size. The majority, 42 percent, said that its team had increased, while 16.4 percent said it had more than doubled.
Only 12.1 percent said it had decreased, while 29.5 percent said it remained stable.
While these results appear positive, one panellist pointed out that these statistics depend on the situation. If, eight years ago, a firm had a network management team of 50 people or more, said the panellist, then doubling this would be difficult. This would not be the case if the firm only had one dedicated network manager in the first place.
The panellist also pointed out that even if a firm wanted to expand its network management team, the resources are not always there, and managers often have to “play with finding efficiency”.
There is a need to utilise technology for data sharing, and to move towards straight-through processing (STP), with technology being a “necessity”, according to the panellist.
Another panellist echoed this, explaining that external technology may be the right way to go. It also up to the whole industry to find ways to work together.
“The industry should think more actively,” said the panellist, adding: “It is not just a network issue.”
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