{"id":16550,"date":"2022-01-19T07:53:48","date_gmt":"2022-01-19T07:53:48","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=16550"},"modified":"2022-01-19T07:53:48","modified_gmt":"2022-01-19T07:53:48","slug":"financial-services-industry-struggling-with-rapid-rate-of-digital-transformation","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/financial-services-industry-struggling-with-rapid-rate-of-digital-transformation\/","title":{"rendered":"Financial Services Industry Struggling with Rapid Rate of Digital Transformation"},"content":{"rendered":"<p>A survey of 300 technology and IT executives across North America, Europe and the Asia-Pacific region has found that financial service firms are struggling to keep up with the unprecedented rate of digital transformation stemming from the COVID-19 pandemic. In fact, 84% of those surveyed say that their IT environment has changed more in the last 12 months than in the company&#8217;s entire lifespan. Additionally, 94% of those surveyed indicate that digital transformation is putting stress on their IT systems, compromising real-time data analysis and creating storage and security issues. Tightening budgets against a difficult market backdrop and ongoing shortages of talent are further exacerbating issues. As firms are forced to push operational resilience down the agenda, regulators may be forced to further delay incoming regulations.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16550 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Startups\u2019 thoughts on the impact of COVID-19'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/startups-thoughts-on-the-impact-of-covid-19\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/05\/Entrepreneur-digitalmeetup-on-How-are-Startups-Gearing-for-the-Post-COVID-World--150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14968\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14968'>\n\t\t\t\tStartups\u2019 thoughts on the impact of COVID-19\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='2019 looks for be yet another lights-out year for FinTechs'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/2019-looks-for-be-yet-another-lights-out-year-for-fintechs\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/01\/2019-looks-for-be-yet-another-lights-out-year-for-fintechs-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12137\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12137'>\n\t\t\t\t2019 looks for be yet another lights-out year for FinTechs\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Internet Banking Rank 2020 report published'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/internet-banking-rank-2020-report-published\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/hand-with-card-laptop-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15533\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15533'>\n\t\t\t\tInternet Banking Rank 2020 report published\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A survey of 300 technology and IT executives across North America, Europe and the Asia-Pacific region has found that financial service firms are struggling to keep up with the unprecedented rate of digital transformation stemming from the COVID-19 pandemic. In fact, 84% of those surveyed say that their IT environment has changed more in the &hellip;<\/p>\n","protected":false},"author":12,"featured_media":16551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16550"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16550"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16550\/revisions"}],"predecessor-version":[{"id":16553,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16550\/revisions\/16553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16551"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}