RAMS Financial Group shuns BYO

Jeremy Whitelaw, IT head of RAMS Financial Group, has dismissed the need for cloud computing and bring-your-own device models in his business, as he looks to overhaul the group's innovation strategy.

Revamp of the IT strategy

Whitelaw is currently conducting a revamp of the IT strategy, which focuses on unifying the business and research arms of the group.

"We're looking to move away from that siloed approach of IT over here and the rest of the business over here," he said to ZDNet Australia at the FST Summit on the Gold Coast this week.

However, Whitelaw said that BYO computing isn't on the road map for RAMS Financial Group in the nearly future, due to a low headcount.

RAMS Financial Group directly employs around 150 people and manages a network of franchisees totalling around 450 people.

Similarly, a cloud computing deployment is as well out of the picture for the group, due to commitments with other outsourcing vendors and regulatory pressures coming down from parent company RAMS.

Regulatory constraints, he said, would continue to strangle banks looking to pursue cloud computing, adding that it's up to the financial institutions to lead the regulator in the right policy direction.

Lag time between regulations catching up with research

"I think there is a lag time between regulations catching up with research, and I think that will always be the case. I think what we need to be able to do, as innovation houses, is to be able to form policies around what the regulations are that meet our requirements, as then as help steer the regulators in a direction that we think is positive to go," he said.

Watch the video to hear about RAMS' virtualised environment, and how the group is using innovation to attract Gen Y clients to the mortgage market.

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