Banking and Financial services

Digital transformation is at the top of corporate agendas for today’s financial  institutions. A significant digital mobilization is underway in financial services, and it’s not limited to back offices.  The front-end is going through a digital upheaval as people and businesses demand customized, personalized and self-directed financial services.
At the same time, financial institutions are fending off a new class of financial technology competitors that are upending traditional business models with innovative digital services. The financial service providers that can fully leverage their data will adapt, survive and thrive. Those that don’t, risk seeing their offerings reduced to commodities.
Banking and Financial Services is more competitive, high-performing and open than ever. See how we’re helping banks and financial institution win in the digital economy and get ready for what’s next. The banking industry has never seen more disruption—new, innovative challengers and advanced technologies are changing market structure and taking a bite out of revenues. In fact, 17 percent of industry players that entered banking over the last 13 years have grabbed one-third of revenue growth in Europe. For incumbents, the time to act is now.
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.Financial services companies are present in all economically developed geographic locations and tend to cluster in local, national, regional and international financial centres.  

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