Financial Services: Thriving in a world of digital disruption | HCL Technologies

FOCUS ON FINANCIAL SERVICES

4 proven techniques for staying ahead of your rivals

THRIVING IN A WORLD OF DIGITAL DISRUPTION

  1. Are legacy information technology applications slowing you down?
  2. Do you feel threatened by FinTechs?
  3. Not getting enough out of your technology investments?

We present to you a definitive guide which lays out 4 essential techniques that established financial services institutions must master in order to stay ahead in the world of digital disruption.

In our latest report, leading academic thought meets practical business insights, drawing from our conversations with leading financial services executives and panel discussions with a variety of industry thought leaders.

TAKE A QUICK TOUR

  • Capitalize on the emerging opportunities
  • Build a winning strategy for turbulent times

Spot the trends reshaping your race against rivals

What prevents financial services organizations from becoming agile and nimble?

Some might think that external factors like stringent regulations or heightened market volatility affect the most but :

60%

industry executives say that legacy applications, internal to their organization, are the biggest barriers to organizational agility

Know More Trends

Capitalize on the emerging opportunities

Traditionally viewed as a threat,

62%

executives see a definitive opportunity to collaborate with Fintechs - to expand capabilities, customer base, and generate more impact. However, they expect plenty of speed bumps along the way.

Explore the Opportunities

Build a winning strategy for turbulent times

Organizations need to learn faster by running more pilots, and fail faster by accepting failure as a cost of doing business.

46%

executives say, in sync with dynamic scenario, their business model is ever-evolving & never static.

Create Your Winning Strategy

HEAR FROM THE EXPERTS

As technology takes center stage, what will matter most is the ability to adopt digital technology at speed and scale.

— JIMIT ARORA, Partner, Everest Group

The evaluation of these new technologies must not be restricted to the traditional IT department, which is led by the CIO. Competition in the evaluation and use of new technologies between the IT department and the business will help identify and maximise new technologies’ potential.

— PROF DR. WALTER BRENNER, St. Gallen University

The recent introduction of the PSD2 (the EU’s Payment Service Directive 2), the Open Banking directive in the UK, and other regulations – usually viewed as a threat to traditional institutions – in fact are opening the doors for banks to create creative alliances and develop platforms that can deliver new forms of digital services.

— RAHUL SINGH, President, HCL Financial Services

GET THE REPORT

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