{"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='State of FinTech in the 2nd Quarter of 2021'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/state-of-fintech-in-the-2nd-quarter-of-2021\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/07\/424e3e8a-1b01-c831-39a9-9c2e430345961-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16192\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16192'>\n\t\t\t\tState of FinTech in the 2nd Quarter of 2021\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The most expensive startups to close in 2018'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-most-expensive-startups-to-close-in-2018\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/02\/the-most-expensive-startups-to-close-in-2018-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12285\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12285'>\n\t\t\t\tThe most expensive startups to close in 2018\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: 9 data science use cases in banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-9-data-science-use-cases-in-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/09\/Top-9-Data-Science-Use-Cases-in-Banking-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15298\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15298'>\n\t\t\t\tVideo: 9 data science use cases in banking\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}]}}