Industry Realities
Financial and Capital markets are historically slow to adapt, but a recognition of the need for change is growing in this sector.
Transformation in the financial markets technology space will accelerate in the next 3 - 5 years because of Fourth Industrial Revolution pressures such as Banks’ internal modernisation strategies and shifting market demand. Regulators world-wide are facing similar pressures to evolve with the times.
Banks are finding that their margins are under attack and in response to this, are focusing on cost-reduction strategies, that include plans for digitalisation and cloud.
Accelerating change in the macro landscape due to digital disruption and regulatory reform is making it hard for Bank decision-makers and project owners to keep up, stay informed and take the right actions.