Digital transformation is racing through the financial services industry, upending traditional business models and processes, whether in customer-facing or internal functions. Rising customer expectations, increased competition, and stricter regulatory requirements are spurring firms to adopt innovative digital-based processes – without succumbing to runaway costs or margin pressures. Driven by AI and behavioral economics, machine learning, robotics, and advanced analytics, these emerging technologies are ushering in extraordinary operational efficiencies, accelerating time-to-market, and enabling superior customer experiences through personalization – all at a massive scale.
With a long-lasting low-interest environment and outdated legacy systems, especially banks are under huge pressure to undergo their digital transformation, which needs modernization of their current IT landscape first to gain traction when it comes to reacting fast to unprecedented market dynamics. FinTech’s and other financial technology companies are becoming important companions for banks if they open up for collaboration in an innovative financial services market. In this digital event, we’ll treat different scenarios for digital transformations in the financial services industry. Open Banking, Banking as a service, Cloud migration, etc. there are several steps ahead for banks and financial institutions when starting their transformation journey.
The EU Tech Chamber Digital Transformation Council takes great pleasure to invite you to the Digital Talk on the 20th of May at 9 AM CEST on “Digital Transformation of the Finance Industry”. What are the biggest challenges and opportunities for financial institutions to transform their businesses through digital transformation? Why the financial institutions in digital transformation need to rethinking business models and human capital strategy? How digital transformation may help financial institutions to resolve complex issues, identify opportunities and deliver value?
DATE Thursday, May 20, 2021
TIME 09:00 a.m. – 10.30 am CEST
LOCATION EU Tech Virtual Center