Transcription of Forging the future
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Forging the future
Forgingthe futureHow financial institutionsare embracing fintechto evolve and financial services industry is undergoing a paradigm shift. Emerging technologies like artificial intelligence (AI), machine learning, the Internet of Things (IoT) and blockchain, combined with ever-changing customer expectations and preferences, are redefining how financial institutions deliver competitive in this constantly changing environment is an enormous task. Banks, insurers and asset management companies are undertaking major transformation efforts transitioning from complex legacy technology environments to more agile operations, and creating more efficient compliance processes that fully satisfy evolving global and jurisdictional institutions see startup financial technol
than US$27 billion in fintech and digital innovation since 2015. 1 However, corporate investment is only part of the landscape. To understand how different organizations are approaching the strategic opportunities presented by fintechs, we conducted a survey of more than 160 financial institutions from 36 countries.
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