Financial services Tech
Is your firm tech-
ready for 2023?
Technology will be a key differentiator for bottom-line growth in the financial services industry in 2023. Over 50% of firms plan to increase investment in technologies such as AI, blockchain and cloud computing over the next two years. Twenty technologies will shape the success stories of the near future.
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Key findings
We compiled evidence from over 64 sources to discover the tech setting the stage for financial services growth success in 2023.
With $4 billion invested in RegTech in the first half of 2021, organisations are counting on digital solutions to compliance problems that affect their bottom lines.
44% of customers are interested in using voice for routine banking but no frontrunners have yet appeared. Could 2022 be the breakout year?
85% of banks are relying on banking-as-a-service (BaaS) as their core area of growth over the next few years, with API-driven tech fuelling new possibilities.
Email volume in FinServ has risen 81% since the pandemic, making email security key to protecting growth. It will play a vital part in the ongoing conversation around ESG.
Quote
"It is vital for the financial services industry to innovate and to investigate new technologies to improve their products and services. If the incumbents don’t change their offering and innovate, newcomers will disrupt their business."
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