The financial services industry is facing unprecedented challenges from geopolitical and economic, including the war in Ukraine, to inflation, supply chain disruption and the possibility of a global recession.
Outdated core technology systems are a cause of concern for financial institutions that need to transform their business to meet changing market demands and new technology innovation.
With increasing customers’ expectations and ever more regulation mandates coming into force, requirements around transparency, reporting and efficiencies have become a pressing reality.
Due to all these challenges and new opportunities, the financial services industry is swiftly changing from technology innovation, payment systems, cloud, cyber security, open platforms, blockchain, FinTech, digital technology, artificial intelligence (AI) and data scientists to the delivery of unified customer experiences. The evolving risk management, regulatory landscape and shift of customer expectations and demands are adding additional layers of complexity.
Financial services organisations are entering a new future where technology makes interconnections, collaborations and frictionless interactions possible. As such, digital solutions that not only enhance customer experience but also drive operational efficiencies and maximise cyber-security – involving trust, sustainable growth and delivering value and innovation are crucial.
Financial services institutions are going for cost-cutting strategies, finding innovative and even disruptive technology solutions that generate value and create superior customer experience. But, these all demand a sophisticated approach to execution strategy.
At ecosysBiz we can help. Our “out-of-the-box” team of professionals excel in delivering successful outcomes in the financial services industries. We enable our clients to disrupt their position and drive change within their industry.
Our approach is disruptive, unique and cost-effective and is aligned to our value proposition, strategic approach and professional networking to enable us to deliver the specialised insight-driven, consulting, disruptive solutions and technology enables services that bring about the innovative value and growth that organisations require.
Our diverse and experienced professionals have deep and practical experience across all sectors including: Global Banking and Capital Markets, Wealth and Asset Management, General, Specialty and London Market Insurance and Investment, Pensions and Retirement.
We offers insights on ten businesses including retail banking, wealth management, asset management, commercial banking, transaction banking, investment banking, and market infrastructure, general insurance, specialty insurance and London markets.
All insights are the result of macroeconomic and geopolitical analysis, extensive industry research and the perspective of senior executives and leaders within the financial market industry.