Financial institutions (FIs) are undergoing a radical shift driven by emerging technologies. Many C-Board members look for ways to improve their IT performance, embrace new solutions, and keep on using on-premises platforms.
Customers, in turn, force FIs to deliver more trustworthy services, require smoother interaction and want more security for their assets. Apart from this, regulators come into play and fuel the situation by requiring financial enterprises to be fully compliant. In this article, I outline the most pressing challenges in the modern financial sector and suggest solutions to cope with these obstacles.
