Financial Services Needs to Close Technology-Business Line Gap

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Forbes Magazine – Financial Services Needs to Close Technology-Business Line Gap

Radical change is transforming the financial services industry, reports Forbes magazine. According to a recent report by Egon Zehnder entitled: ‘Making The Future Now: How Financial Services Firms Can Adapt To a Customer-Centric World’ closer integration of technology and business is one of the keys to future success. Citing the report, Forbes writes, “Financial services firms are notorious for the silo-ed nature of their data systems, as well as for their large-scale back-office technology operations. In today’s environment, this combination represents an unacceptable impediment.” The report advises financial services players: “to evolve to a model where business lines and the technology that supports them work together in an agile manner.”

Full story. Dina Medland: Cost of Regulation ‘Top Concern’ for Financial Services in Forbes magazine (29 June 2015).