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How should financial institutions prepare for the future of work?

Paul Wooldridge, Digital Workplace Customer Service Delivery Manager, SoftwareONE 

The workplace of today isn’t the same as it was a couple of years ago. Technological developments and employee behavioural have spearheaded a shift in the future of work. Where previously employee well-being and work-life balance was not a top priority for, this is no longer the case. To keep and attract talent, hybrid working must be embraced.  

All operations and customer services use to happen under one roof, but technology has allowed employees to work from anywhere and anyway from the office. However, the question remains, is hybrid work going to become a staple of the new future of work, or will employees return to the office?  

It’s here to stay in some capacity. 

According to UK Parliament, before the pandemic in 2019 only 12% of employees worked from home in a hybrid/remote capacity. Fast-forward a year, during the pandemic, 49% of workers in Great Britain alone worked in a hybrid/remote capacity. Even though the number of hybrid/remote workers has slowly decreased post the pandemic, the number of workers still working in a hybrid/remote capacity is still higher than pre-pandemic numbers at now 22%.  

Some organisations have sent employees back to the office, in an attempt to return the workplace to how it once was. JPMorgan this month announced that they expect their managing directors to be in the office five days a week. Stating that “leaders should be around for feedback and impromptu meeting.”  However, having once had the flexibility hybrid work, employees are reluctant to let it go –  more than 80% of employees who worked remotely due to the pandemic prefer a hybrid working model. Employees have now grown to love the freedom and work-life balance that hybrid working brings. The favourable work structure is has become something that is expected and not only offered. Microsoft’s study on UK workers found that 51% of employees would consider quitting if they were asked to give up their current hybrid working model. 

Employee demands have driven hybrid/remote work to become a staple of the work culture in today’s working environment. Nevertheless, accepting this new workflow is one thing. Implementing the right technology so that it is successful is another. 

In 2020 companies rushed to the cloud, so employees could work from home despite the imposed lockdowns – this attempt at a hybrid/remote workplace worked well over the Covid period. However, in 2023, rushing into choosing a cloud technology service is no longer fit for purpose. As cyber criminals take advantage of the dispersed workforce, financial institutions must bolster their cybersecurity. 

Technology is needed. 

Unlike other industries, the financial sector must deal with a great deal of sensitive data and money 24/7. Now with employees working in a variety of places at different times, the technology available must be able to meet the needs of employees. No longer are financial institutions employees all working under one roof. As a result, the technology used has to be cross-functional and improve security, speed, convenience, coverage and customer experience.  

The cloud is key to successful hybrid working, being the backbone to enabling employees to access the right data and documents from anywhere at any time.  Cloud computing can be implemented and used in different ways to best fit the financial institution– whether that be public, private, hybrid or multi-cloud services. These four different cloud computing services vary in accessibility, functionality, and cybersecurity benefits. When it comes to choosing which cloud technology would be best suited to your financial institution, it is important to take into consideration that not all cloud services are beneficial to your specific needs. Not one shoe fits all, it’s important that the cloud service chosen fits the need and servers a relevant purpose. 

Apart from the accessibility benefits of cloud computing, there are cultural practices such as FinOps and IT asset management (ITAM) that because of cloud computing can be implemented. These practices enable clarity throughout the institution. 

Choosing the right cloud computing technology is a pivotal decision for all financial institutions. This decision could impact how easily they can embrace and implement this new workflow that is important to employees. Failure in picking the right technology could make the process more strenuous than necessary. 

Be prepared.  

As the old saying goes, “Fail to prepare, prepare to fail’. This couldn’t be more apparent for financial institutions that are preparing to enter the new future of work. With technology ever evolving and employee behavioural traits ever-changing, financial institutions need to be prepared for any dramatic shifts in the work environment. Right now, the shift that financial institutions need to prepare for is the move to hybrid work completely. 

 A recent survey found that 66% of banks now offer hybrid working to their employees. As it currently stands, it seems that financial institutions have accepted that the future of work will include a hybrid work style. However, accepting the new workflow is one thing being prepared for it is another.  

All financial institutions must have the right technology in place to adapt to the impending changes in the workplace. Failure to do so could lead to employees leaving. Which in turn would have a detrimental effect on the services that financial institutions can provide customers and consequently affect their bottom line.  

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Business

The Security Talent Gap is a Red Herring: It’s Really an Automation and Context Gap

by Tom Gol, Senior Product Manager Armis

We constantly hear about a cybersecurity staffing crisis, but perhaps the real challenge isn’t a lack of people. It might just be a critical shortage of intelligent automation and actionable context for the talented teams we already have.

The Lingering Shadow of the “Talent Gap” Narrative

It’s almost a mantra in cybersecurity circles: “There’s a massive talent gap!” Conferences echo it, reports reinforce it, and CISOs often feel it acutely. This widely accepted idea suggests we simply don’t have enough skilled professionals, leading to overworked teams, burnout, and, most critically, persistent organizational risk. The default response often becomes a relentless cycle of “buy more tools, tune more tools, and staff more teams”—a cycle that feels increasingly unsustainable and inefficient.

But what if this pervasive “talent gap” is actually a clever red herring, distracting us from a more fundamental issue? We’ve grown so accustomed to the narrative of a human deficit that we often overlook a crucial truth: current technology is already capable of significantly narrowing this very gap. My strong conviction is this: the true underlying problem isn’t a shortage of available talent, but a profound and crippling gap in intelligent automation and actionable context that prevents our existing cybersecurity professionals from operating at their full potential. What’s more, advancing on the technology side now presents a demonstrably better return on investment than simply trying to out-hire the problem. Fill that gap with smarter tech, and watch the perceived talent shortage shrink.

Misdiagnosis: When More People Isn’t the Answer

For too long, the cybersecurity industry’s knee-jerk reaction to mounting threats has been to throw more human resources at the problem. Yet, the attack surface continues its relentless expansion. Threat actors become more sophisticated. And our SOCs are constantly drowning in an unfiltered deluge of alerts. This creates an overwhelming workload that even the most seasoned experts find impossible to manage effectively, often resulting in burnout and, ironically, talent attrition rather than retention.

The issue isn’t that a lack of bright minds are joining the field. It’s that those brilliant minds often find themselves mired in monotonous, low-value tasks. They’re forced to operate in a thick fog of incomplete information, constantly sifting through noise. When security teams lack clarity on exactly what assets they own, how those assets connect, what their true business criticality is, and which threats are genuinely active, even the most experienced professional struggles. Their effectiveness diminishes, not from a lack of inherent skill, but from a fundamental absence of visibility and intelligent support.

Automation and AI: The True Force Multiplier for Human Talent

The real power move against the overwhelming tide of cyber threats lies not in endless recruitment, but in the intelligent application of automation and AI. Leading industry discussions increasingly highlight that the purpose of AI in cybersecurity isn’t about wholesale human replacement. Instead, it’s about augmenting our existing staff, turning them into a far more potent force. This approach fundamentally allows organizations to scale their expertise and impact without being shackled to proportional headcount increases. Let’s unpack how this transformation plays out.

Freeing Up Human Capital from the Mundane

Imagine a security analyst whose day is consumed by hours of manual investigation, enriching alerts, triaging false positives, responding to routine questionnaires, or laboriously transitioning tickets. These are precisely the kinds of non-human, deterministic, and highly repetitive tasks ripe for intelligent automation. AI agents can seamlessly take on this soul-crushing burden, liberating human analysts. They are then free to pivot towards higher-value, creative, judgment-based, and genuinely strategic work. This transforms security teams from reactive task-runners into proactive problem-solvers. Projections suggest that common SOC tasks could become significantly more cost-efficient in the coming years due to automation—a shift that’s not merely about saving money, but about amplifying human potential.

Supercharging Productivity and Experience

Modern AI, particularly multi-agent AI and generative AI, can proactively offer smart advice on configurations, predict the root causes of complex issues, and integrate effortlessly with existing automated frameworks. This empowers security professionals, making their work not just more efficient but also more engaging and less prone to drudgery.

The Indispensable Power of Context: Lowering the “Expertise Bar”

While automation tackles the sheer volume of work, context provides the vital clarity that fundamentally reduces the need for constant, deep-seated expertise in every single scenario. When security professionals have immediate, rich, and actionable context about a vulnerability or an emerging threat, the path to intelligent prioritization and decisive action becomes remarkably clearer.

Consider the profound difference this context makes:

  • Asset Context: Knowing not just that a vulnerability exists, but precisely which specific device it resides on—is it a critical production server, or an isolated, deprecated test machine?
  • Business Application Context: Understanding the exact business function tied to that asset, and the tangible financial or operational impact if it were to be compromised.
  • Network Context: Seeing the asset’s intricate network connections, its precise exposure level, and every potential path an attacker could take for lateral movement.
  • Compensating Controls Context: Having a clear, real-time picture of which existing security controls (like network segmentation, EDRs, or Intrusion Prevention Systems) are actually in place and effectively working to mitigate the vulnerability’s risk.
  • Threat Intelligence Context: Possessing real-time, “active exploit” intelligence that doesn’t just theorize, but tells you if a vulnerability is actively being exploited in the wild, or is part of a known attack campaign targeting your industry.

With this deep, multidimensional context, a significant portion of the exposure management workload can be automated. Crucially, for the tasks that still require human intervention, the “expertise bar” is dramatically lowered. My take is that for a vast majority of cases—perhaps 90% of scenarios—a security professional who isn’t a battle-hardened, 20-year veteran can still make incredibly effective decisions and significantly improve an organization’s cyber posture. This is because they are presented with clear, actionable context that naturally guides prioritization and even recommends precise actions. The result? A drastic reduction in alert noise, faster detection and response times, and a palpable easing of the burden on the entire security team.

Navigating the Human Element: Skills Evolution and Burnout

This powerful shift towards automation and AI naturally brings legitimate questions about skills erosion. Some experts prudently point out a valid risk: a significant portion of SOC teams might experience a regression in foundational analysis skills due to an over-reliance on automation. This underscores a critical truth: we must keep humans firmly in the loop. For highly autonomous SOCs, a “human-on-the-loop” approach is recommended, reserving human intervention for complex edge cases and critical exceptions.

CISOs, therefore, face an evolving mandate:

  • Future-Proofing Skills: It’s less about filling historical roles and more about nurturing new competencies like prompt engineering, sophisticated AI oversight, advanced critical thinking, and strategic problem-solving.
  • Combating Burnout: Beyond just tools, effective talent retention demands proactive measures to address burnout. This includes intelligent workload monitoring, smart task delegation, and genuine wellness initiatives. The ultimate goal isn’t just to fill empty seats; it’s to ensure that the people in those seats are effective, sustainable, and thriving.

A New Mindset for CISOs: Embracing the “Chief Innovation Security Officer” Role

The ongoing “talent gap” discussion should be a catalyst for CISOs to adopt a fundamentally new mindset. Instead of simply focusing on cost-cutting or the perpetual struggle of recruitment, they must evolve into “Chief Innovation Security Officers.” This means daring to rethink how work gets done, leveraging AI and automation not merely as tactical tools but as strategic enablers for scaling cybersecurity capabilities and unlocking the full potential of their existing talent. This strategic investment in technology, driven by an understanding of context, offers a superior ROI in bridging the cybersecurity “gap” compared to the increasingly futile effort to simply hire more people.

Building robust AI governance frameworks and achieving crystal-clear visibility into existing AI implementations and technical debt are crucial foundational steps. Ultimately, solving the perceived talent gap isn’t about endlessly hiring more people into an unsustainable system. It’s about empowering the talented individuals we do have—making them more efficient, more effective, and more strategically focused—through the intelligent application of automation and unparalleled context. It’s time to stop chasing a phantom gap and start truly empowering our digital defenders.

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Business

Beyond compliance: why the shift to ISO 20022 is more than a messaging upgrade

Maria-Christine Diaz, Senior Business Strategy Manager at Eastnets, explores why ISO 20022 is more than a mandate – it’s a catalyst laying the groundwork for future-proof payment services

The SWIFT-mandated migration by November 2025 is set to end MT message processing for interbank cross-border payment instructions and cash management reporting (CBPR+). Yet, according to SWIFT as of December 2024, only 33% of organisations had adopted ISO 20022 for CBPR+. It highlights a deeper issue: many organisations still see it as a technical obligation when really, the migration implications stretch far beyond protocol upgrades and format translations.

ISO 20022 is not a one-off project. It is a multi-year, cross-functional transformation program touching every part of the business. It’s a strategic opportunity and a chance to rethink how financial institutions manage payments infrastructure, compliance and customer value propositions in a rapidly evolving digital economy.

However, it demands a coordinated, business-wide response.

Why tactical fixes won’t solve strategic shifts

At its core, ISO 20022 replaces the flat, ambiguous MT messaging format with structured, contextualised data that applies across all payment types, domestic and cross-border. It allows institutions to capture and exchange richer details – from payment purpose code and country of origin to beneficiary information – with far greater quality, accuracy and completeness.

That quality creates tangible value. It promises to strengthen Straight-Through Processing (STP) efficiency and dramatically improve the effectiveness of fraud detection and anti-money laundering (AML) processes. How? By reducing the number of investigation cases and false positives that have long strained operations teams. ISO 20022 also supports regulatory focus on real-time transaction monitoring and incident transparency, something central to frameworks like the EU’s Payment Services Directive 3, the AML Directives and the Digital Operational Resilience Act (DORA).

But ISO 20022 doesn’t just support regulatory alignment, it fundamentally alters the operational risk landscape. Most institutions still rely on compliance processes and infrastructures built for MT messages, which are poorly suited to handle the granularity and structure of ISO 20022 data. And when this richer data is simply “bolted on” to legacy systems, problems quickly arise.

Many banks are pursuing a tactical fix for what is a strategic shift – it’s like trying to put a square peg into a round hole. Systems and processes were built around the limited MT format which are flat, fixed and often ambiguous. Existing rule sets designed for flat MT messages begin to break down, triggering too many false positives and overwhelming compliance teams with noise instead of insights.

To realise the full value of ISO 20022, institutions need to map how payment data flows across their organisation. This helps identify legacy workarounds, uncover operational risks and pinpoint where ISO 20022 adds complexity or unlocks new opportunity. Therefore, a comprehensive business-wide impact assessment is essential to strengthen AML, sanctions screening and fraud detection processes.

With that foundation, banks can sharpen customer insights, strengthen fraud and risk controls, and develop new value-added services. As sanctions lists and fraud rules update in near real-time, combined with financial crime compliance costs surpassing $1 trillion in 2024, the ability to act on cleaner, more contextual data has become business-critical.

Therefore, making ISO 20022 work for the business means moving beyond retrofitting and honing in on three areas that drive real transformation.

More impact than meets the eye

The real opportunity begins when ISO 20022 data is integrated into core systems, not just translated at the edges. Payments data now impacts every business line – from retail and corporate banking to capital markets and trade finance – influencing every process from front to back office.

Again, migration is not a one-off project but something that touches every part of the business, from reconciliation processes to customer-facing services. The key challenge of this transformation is knowing where the payment is, its status, without ambiguity, at any moment. Think of it like tracking an Amazon parcel delivery. To manage this, institutions need lightweight analytics tools to monitor and track payment messages in real-time across systems, to reduce reconciliation errors, manual workarounds and operational risk.

The true value lies not in seeing the information, but in using it to streamline operations, resolve issues faster and deliver better outcomes.

The path to optimised financial crime detection

As ISO 20022 fundamentally offers richer information, one of the most immediate benefits lies in financial crime prevention.

To take advantage, institutions must recalibrate financial crime systems to work with clearer, structured and contextual ISO 20022 data. This isn’t just about better information, it’s about better precision. Finetuning these systems through precise finetuning techniques to improve detection precision and strengthen risk mitigation, all while reducing and operational costs.

Take Sohar International, a bank operating in the Middle East, as an example. It reduced its false positives by 67%, helping to distinguish between legitimate and suspicious transactions, simply by optimising screening strategies and using structured ISO 20022 data. That kind of result creates space for smarter, faster decisions across the organisation, all while strengthening its AML compliance framework.

An opportunity for leaner payment processes 

Additionally, ISO 20022 presents the perfect opportunity to modernise payment infrastructures with a modular orchestration layer – a flexible, business-agnostic workflow engine that seamlessly translates and routes messages across systems. This shields core business applications from changes in formats, protocols and standards, reducing maintenance overhead and operational risk and accelerating ISO 20022 adoption without disrupting core operations.

Moreover, it enables real-time monitoring, detection and investigation of issues such as duplicate payments or delayed messages, providing transaction integrity across the entire lifecycle. Having infrastructure agility translates directly into business performance, which can lead to increased cross-jurisdiction visibility in real-time and optimised STP rates, making sure payments move securely, efficiently and in line with market expectations. .

By building this agility, financial institutions lay the groundwork to rapidly adapt to future market changes, new services and customer demands without overhauling core systems. It also provides real-time visibility and transaction integrity, making sure payments move securely, efficiently and in line with market expectations.

Unlocking the true value of ISO 20022

Treating compliance as the end goal is a strategic misstep.  So, without a coordinated business-wide transformation strategy, supported by optimised financial crime tools, a lean orchestration layer and real-time monitoring, institutions risk operational disruptions and regulatory scrutiny impacting their bottom line.

What’s ultimately at stake is more than a messaging upgrade. It’s the opportunity to reshape financial infrastructure for an era defined by sustainable growth and operational resilience.

The real value of ISO 20022 lies not in translating messages, but in transforming the business. Those who embrace the shift – not just to adopt, but to adapt – will be best positioned to unlock smarter, data-driven growth in the years ahead.

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Business

The Quiet Strength of Being Clear – Why Assertiveness Matters More Than Ever for Founders

By Rebecca Sutherland, CEO and Founder of HarbarSix

There’s a word that often makes people shift a little in their seats. Assertiveness. It can sound sharp, maybe even a bit harsh, like something that belongs in boardrooms filled with ego or in negotiation books gathering dust on someone’s shelf. But in truth, assertiveness, when you really understand it, is one of the most compassionate tools we have as leaders.

Because at its core, assertiveness isn’t about being pushy. It’s about being clear.

And when you’re building something, a business, a team, a dream that lives outside the ordinary, that kind of clarity becomes essential. Without it, you end up drifting, making decisions that don’t feel quite right, saying yes when you mean no, and slowly watching the thing you once felt lit up by become a source of tension or exhaustion.

I’ve seen it happen more than once. A brilliant, creative founder full of drive and vision, slowly ground down by too many compromises, too much people-pleasing, too little space to breathe. They don’t lack skill or ambition. What they’re missing is that anchor, the ability to be assertive without feeling like they have to apologise for it.

So, let’s unpack that, because I think we need to talk about how to lead from a place that’s both strong and soft. Firm but open and rooted in who you are.

Assertiveness starts with self-trust

Before you can speak clearly to others, you must be clear with yourself. What do you stand for? What kind of culture are you trying to build? What do you value, not just on a branding level, but deep in your bones?

Because if you don’t know that, you’ll find yourself pulled in all directions. You’ll agree to partnerships that don’t serve you, hire people based on panic rather than alignment, and find it hard to hold boundaries when the stakes feel high.

But when you do know—when you’ve taken the time to understand what really matters to you—it becomes easier to communicate it, calmly and confidently, even when it’s uncomfortable.

Saying what you mean isn’t unkind—it’s respectful

There’s a misconception, especially among founders who want to be “good” leaders, that being direct is somehow abrasive. That if you’re too clear, you might upset people. But in my experience, the opposite is true.

When you wrap your truth in too many layers of softening or delay saying the hard thing because you’re worried about how it will land, you actually create more confusion, not less. People want to know where they stand. Your team, your investors, your clients—they respect leaders who can speak with warmth and certainty.

You don’t need to bark orders or dominate a room. But you do need to be able to say, “This isn’t working for me,” or “This direction doesn’t feel right,” or even, “I’ve changed my mind.” That kind of honesty is a form of care. It protects your energy, and it gives everyone around you a clearer playing field.

Boundaries aren’t barriers—they’re invitations to trust

One of the most powerful forms of assertiveness is knowing when to say no. Or not yet. Or not like this.

As founders, we’re often wired to keep giving—to clients, to our team, to the business itself. But that constant giving, without boundaries, leads to burnout. And more than that, it models a kind of unsustainable leadership where overextending becomes the norm.

Boundaries, when set with intention, are not walls. They’re signals. They say, “This is how I work best,” or “This is what I need to stay at my best,” or “Here’s the line where my role ends and yours begins.” And far from pushing people away, they create the safety and trust needed for real collaboration.

Not everyone will like it—and that’s okay

Here’s the part that might sting a little: not everyone will like your assertiveness. Some people will bristle when you stop bending over backwards. Others may be used to you saying yes to everything, and might struggle when you start to reclaim your space.

Let them. Your job isn’t to be liked by everyone. Your job is to build something honest, sustainable, and true. And the people who are meant to walk alongside you? They’ll stay, in fact, they’ll probably thank you for the clarity.

Practice before you need it

Like any skill, assertiveness gets easier with practice. Start small. Have that conversation you’ve been avoiding. Say no to the next thing that doesn’t feel aligned. Express a need clearly without over-explaining. And then do it again. Not perfectly, just consistently.

If you’re not used to it, it might feel clunky at first. That’s okay. Clarity is a muscle. The more you use it, the stronger it gets.

The most powerful leaders are not the loudest

They’re not the ones who dominate meetings or chase visibility for its own sake. They’re the ones who know who they are. Who can sit in discomfort without losing their footing. Who can say the hard thing with softness and stay true to their vision when the noise gets loud.

Assertiveness isn’t about power over others—it’s about being in your own power. And when you lead from that place, it changes everything.

For your business. For your team. And most importantly, for you.

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