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The banking, financial services, and insurance (BFSI) industry must navigate a world of uncertainty while under pressure to grow revenue and remain competitive.
BFSI CIOs are being asked to handle more data in more complex detail with an increasing focus on user experience and the demand for closer collaboration within the broader fintech ecosystem. And all of this must happen in arguably the most regulated industry globally, raising even more challenges in financial diligence, risk management, and compliance.
These growing pressures demand financial institutions navigate a thin line between growth and risk, requiring unified data and processes to achieve a single operating layer. However, for any business, the challenges of scaling a digital business can lead to a fragmented technology infrastructure.
IDC, a premier global provider of market intelligence, prepared a Spotlight paper that details the importance of a comprehensive platform for the financial services industry. In this report, learn about the drivers that are impacting the financial industry including:
- The key market trends shaping in the financial industry
- Insights on the global market volatility
- How Fintech is shifting the competitive landscape
- Regulatory and accounting changes
- Changing customer and client expectations
These issues are creating the demand for a unified API-driven financial platform.
The IDC Spotlight paper explains the benefits of a modern unified financial data platform, how it can address the issues driving change in the industry, and offers a technology roadmap for financial institutions to cope with the data burden at speed and scale.
Download the report to learn more.
