To the cloud: Why financial services companies must accelerate digital adoption

To the cloud: Why financial services companies must accelerate digital adoption

3 years ago
Anonymous $y15ULlV7sG

https://tech.newstatesman.com/in-partnership-with-hexaware/financial-services

Despite consistently citing digital adoption as a top business priority, the financial services industry has lagged behind other sectors in migrating its legacy systems. A recent PricewaterhouseCoopers survey revealed that 81 per cent of banking CEOs were concerned about the speed of technological change, a higher percentage than any other business segment.

Reasons for this anxiety range from the complexity of existing infrastructure, to regulatory challenges and concerns over cyber security. It’s hardly surprising risk-conscious financial institutions have been wary of taking the digital plunge.