Philipp Hämmerle has been part of the three-member Managing Board of Hypo Vorarlberg Bank AG as COO since 2020. Prior to this, he worked for over ten years at a major Austrian bank in Vienna.
The computer scientist played a key role in driving forward the digital transformation of Hypo Vorarlberg and putting the company's IT on a new footing. His focus includes the modernisation of the existing IT landscape, the exploitation of digitalisation potential, the expansion of cyber security and the establishment of a new (agile) cooperation between specialist departments and IT.
Philipp Hämmerle, who was born in Lustenau, is also responsible for asset management, the establishment of sustainability issues (ESG) and for accounting, reporting and facilities/logistics at Hypo Vorarlberg.
Digital transformation in the banking sector
The accelerating pace of digitalisation is a major challenge for medium-sized banks. More and more rules and regulations have to be fulfilled (Basel III & IV, EBA guidelines, DORA, ESG, etc.), cyber risks are increasing and new global players with well-filled coffers are entering the market and increasing the pressure to innovate.
The response to this development is not limited to new apps and IT tools, but must address the entire organisation and how innovations and optimisations can be identified and implemented. This applies to both IT and the specialist departments, i.e. the entire bank.
Philipp Hämmerle provides an insight into how Hypo Vorarlberg Bank AG is dealing with the opportunities and risks of digital transformation and highlights the lessons learned in recent years.