For financial services companies, digital technologies can solve business problems, drastically improve traditional processes, modernize middleware and front-end infrastructure, improve operational efficiency, and most importantly, better serve customers. The advent of real-time stock trading, predictive analytics and risk modeling, and integration of data with artificial intelligence (AI) to prevent fraud are all examples of how fintechs are innovating on a backbone of digital. To be able to “think big” in financial services is critical to staying competitive on the spectrum of digital transformation.
But digital transformation has become a catchall phrase, often misused. There’s a difference between a company that uses a lot of different kinds of software in an ad hoc way and one that puts digital transformation at the center of its strategy. In this paper, read about:
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