THE FUTURE FOR FINANCIAL SERVICES IS DIGITAL AND THE TIME TO TRANSFORM IS NOW
While some companies operating in the financial sector have benefitted from Digital Transformation , there is still significant work to be done at an industry level . Paul Holland , CEO of Beyond Encryption , tells us more .
CASHING IN
Globally , businesses are increasingly facing pressure to embrace more sustainable methods of operating . For many , this means turning to tech to enhance processes and green credentials , whilst simultaneously improving customer experience .
Looking at the financial sector , while certain areas have benefitted from Digital Transformation , there is still significant work to be done at an industry level .
The main types of technology that are building momentum and seeing increased usage are AI and Machine Learning . Within financial services , AI can be applied across multiple areas of a business and provides a significant set of benefits , including streamlining operations , cutting costs and improving customer experience and overall functionality . However , adopting technology comes with potential risks – specifically when looking at cybersecurity . This means that financial organisations need to ensure that they bolster the uptake of new technologies with robust digital strategies that outline how they plan to mitigate the risk of cyberattacks .
The push for paperless
The benefits of undergoing a Digital Transformation strategy , from improved
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