How CIO's are Driving Real Change in Financial Technology
Key Highlights
Global digital transformation in the Banking and Financial Services Industry is estimated to quadruple over the next 10 years with increasing customer expectations and modernization in services driving activity.
However, legacy IT, siloed organizations, and resource constraints are often derailing large-scale change efforts - with 70% of major transformation projects exceeding their initial budgets - many by more than double.
In this white paper we reveal:
- The major challenges CIO's and change leaders are facing in navigating this change
- How CIO's are avoiding delayed projects, escalating costs, and missed opportunities through a new approach
- How financial institutions are mastering digital transformations that is resulting in up to 60% reduction in delivery times
"About 58% of financial institutions still run systems 5–10 years old, and 27% rely on platforms over 11 years old, making integration with modern solutions complex and costly."
