

  All Discussions  |  

  Hello Post  |  

  Direct Messages  |   

  Categories  |  

  How-To(Forum)

As proposed by @DD

simon

DD So - I’d propose adding this:
“A developing set of case examples, references and testimonials: these provide evidence of value from the BoK, stimulation for others to use the BoK to solve their challenges, and publicity for those that have succeeded using the materials.”

ChrisB

This can include any work that has been done (whether or not they directly use BIG or BIG terminology) that demonstrate / or add value or contribute in some way, to the concept of BIG as integrated governance, and provide validation (or otherwise, I guess) of the proposed BIG benefits.

While we wait to build up actual BIG references or case studies, at least we can be building a useful reference base for BIG and its elements, that can help add to the value of BIG and the resources we offer and our collective knowledge for our target audiences.

DD

There is some usage example in the BoK - Appendix 2

Also try ChatGPT - “please provide 3 examples from the united kingdom in financial services of organisations using the principles provided in Business integrated governance as provided by the business integrated governance CIC (www.big-cic.org.uk” leads to

Cambridge & Counties Bank
Cambridge & Counties Bank undertook a significant transformation to enhance its financial crime risk assessment systems. By transitioning to a low-code platform with the assistance of Fintilect, the bank achieved:

Integrated Governance: The new platform allowed for seamless integration across various systems, reducing reliance on a single developer and mitigating key person risk.

Enhanced Risk Management: The bank improved its ability to manage financial crime risks by adopting more flexible and robust systems.

Empowered Development: Staff received training to develop and maintain applications, fostering internal capabilities and reducing external dependencies.

These initiatives reflect BIG principles by promoting integrated systems, proactive risk management, and building internal competencies.

The Co-operative Banking Group
The Co-operative Banking Group implemented a balanced scorecard approach to improve performance communication and reporting across its IT Operations & Development function. Key aspects included:

Strategic Alignment: The balanced scorecard facilitated alignment between IT operations and the bank’s overarching strategic objectives.

Holistic Performance Monitoring: By encompassing financial, customer, process, and people perspectives, the bank ensured a comprehensive view of performance.

Transparent Communication: Regular reporting fostered a culture of transparency and continuous improvement.

This approach embodies BIG principles by integrating performance management with strategic goals and promoting transparency.

Close Brothers Motor Finance (CBMF)
CBMF embarked on a multi-year transformation program to align its IT investments with business strategy, partnering with Marjolo to achieve:

Strategic IT Alignment: Ensuring that technology investments directly supported business objectives and growth pathways.

Operational Efficiency: Streamlining processes to enhance customer experiences and internal operations.

Governance Enhancement: Improving oversight and control mechanisms to support sustainable growth.

These efforts reflect BIG principles by fostering strategic alignment, enhancing operational efficiency, and strengthening governance structures.

These examples illustrate how UK financial institutions are adopting practices that resonate with the principles of Business Integrated Governance, focusing on strategic alignment, integrated systems, and robust governance frameworks.



  All Discussions  |  

  Hello Post  |  

  Direct Messages  |   

  Categories  |  

  How-To(Forum)