Digital transformation: Innovation’s holy grail. Today, it’s nearly impossible to walk into a boardroom, client meeting, or innovation brainstorm without hearing the phrase bandied about at least once, twice, or—more likely—a dozen times.
The rise of FinTech companies and solutions over the past five years has led to a completely new and transformed financial services landscape. Changing customer expectations, cutthroat competition, increasing regulatory complexity, the pressure to streamline operations, and other factors are driving the push for reinvention and innovation. A new era of open banking has enabled systems to quickly and seamlessly integrate with new platforms and applications. Physical banks and paper systems are quickly being replaced by robust networked digital ecosystems.
The digital transformation journey can be challenging. While some organizations have digital transformation in their DNA, the majority will need considerable foresight and planning. They will need to shed old habits, update cultural norms, upskill their employees, and adjust their way of thinking to become a digital business.
CPO Innovation LinkedIn Chats are conversations with prominent social media commentators on current issues in corporate finance, technology, supply chain, procurement and logistics Questions are posed to seed the discussion among them and other attendees of the chat.
Following are some highlights of last week’s LinkedIn Chat which was held on 16 October, 2020 on the topic “Transformation, Technology & Risk in a Changing Financial Services Landscape”.
We would like to thank all our expert guests for their valuable insights and those who joined us for this exclusive LinkedIn Chat.
Stay tuned for more such events. Follow us on LinkedIn.