Financial Services
Industry challenges
The global financial services industry faces multiple complex challenges. For example:
- The digital age has changed the way we manage our money: Digital products and services, managed through our mobile devices, the cloud and social media, have become the norm
- Innovations from the FinTech sector challenge traditional business models: The emergence of these new players brings about a range of regulatory compliance challenges and puts a premium on IT performance
- Financial service providers' IT infrastructure has become a source for value creation and needs to be decentralized, smart and secure in order to handle the ever-increasing amount of valuable customer data
- The global marketplace is currently being redefined with financial centers in emerging markets gaining in popularity while Europe is still coming to terms with the repercussions of Brexit
