The start of 2023 is an interesting time for digital transformation in financial services. On the one hand, the sector continues to see the need to accelerate digital transformation as part of companies’ strategic priorities. However, these current efforts are being hindered by a looming financial crisis. Most financial institutions are diffusing this catch-22 by spending wisely and choosing to invest in technology that is not just a quick fix but guarantees to pay back multifold in a healthier economic environment. In this article, we delve into some of the top digital transformation solutions that will help financial services institutions to remain relevant and competitive in the current climate. Increased Adoption of Cloud Computing Cloud computing is becoming increasingly essential for financial services institutions looking to remain competitive in a digital-first world. Statista reports that as of 2021, cloud adoption in financial services in the US sits at 54%. With the amount of data that banks and financial services companies handle, we expect to see a deeper adoption of cloud computing in 2023. Responding quickly to regulatory changes and getting back to customers with agility and insight is imperative for FSIs. The best way to achieve this is with […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
