Over the past few years, the rising number of FinTech companies and solutions have completely metamorphosed the financial services landscape.
The increasingly changing customer expectations, pressure to streamline operations, increasing regulatory complexity, and tough competition, among other factors, are pushing businesses for renovation and innovation. That’s where digital transformation in banking and financial services becomes handy, allowing for quick and seamless integration of systems with new platforms and applications.
Essentially, digital transformation requires understanding its components and a seismic shift in leadership focus and organizational culture. After all, change is gradual, and no business or organization can transform all at once.
