Key Industry disruptions
- Digital transformation: Disruptor or Enabler?
- Traditional banks struggle with delivering new digital services
- Technology reduces costs and creates new opportunities
- Emerging Technologies – RPA, Robotics, Blockchain, Chatbots, AI, Machine Learning.
- Rising demand for digital talent & leaders
- Ensure transparency, control, and responsiveness to regulatory demands
- Increase IT security and risk management
- Operational efficiency is not enough, agility is critical
- A new generation of nimble competitors are rising
- Bank challenges:
-Re-platform legacy IT,
-Capitalize API economy
- Fintech challenges:
-Data security and compliance
– Commercialization of Offers
SHIFTING BUSINESS MODEL
- New players reinventing traditional models
- Open Banking – safe, secure way to deliver & monetize services rapidly
- New technologies are drastically changing business models
Financial Services in the digital age are you ready?
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