The four principles behind Turn to New Tech
- Use APIs
API (application programming interface) is a form of software that can facilitate communication and the exchange of information between different IT systems and programmes. APIs could perhaps be compared to a solution that allows you to link Brio and Lego trains. APIs enable us to build up our IT architecture in modules and so construct a platform that is easier to alter and with fewer dependencies.
- Choose cloud technology
Going forward, we at Danske Bank will use more public cloud, i.e. cloud technology where we use solutions from major providers, such as AWS (Amazon Web Services). This grants us access to the latest innovations – without having to reinvent the wheel ourselves each time.
- Use data better
‘Use data better’ is about accessibility and quality. Data should be accessible, you should be able to find it, and it should be correct and comprehensive. Those who sit with the right knowledge should be the natural owners and have the opportunity to make it available to others. And the others should know where it can be found.
- Incorporate security as part of the design
By incorporating security early on, you minimise the need for subsequent controls and follow up, and so save a lot of time. Having one wall around the bank is not enough – everything should have security embedded in it.