Up to 77% of IT system changes are driven by day-to-day factors where inefficient systems are no longer able to support strategic business objectives, causing operational ineffectivenes & increased costs. Business and technology innovation are inextricably linked where demand for technology-enabled business transformation is rapidly rising.
78% of banks are increasing investment in innovation. It's essential to create new and relevant omni-channel financial services quickly and to compete with digital-only disruptors. Banks are adopting new business and deployment models and embracing new technologies such as artificial intelligence (AI) and biometrics in banking.
Blockchain and Distributed Ledger Technologies (DLTs) are bringing disintermediation to the Financial Services Industry. In practice, blockchain technology offers a new way to trade, invest, and share information – including cash, property assets, or intellectual property – in a secure, transparent, and efficient way.