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Financial Compliance

Financial Compliance

How a Data-centric IT Infrastructure Facilitates Compliance in Financial Services

12th November 2021

Rather than pulling back when the pandemic hit, many businesses—including financial institutions—accelerated their digital investments. Per a study conducted by BDO1, a global financial advisory services firm, more than 6 in 10 financial services firms added new digital projects this year, and over half are revising their long-term strategic vision.

Key areas of transformation include:

  • Pursuing enterprise agility (51%)
  • Introducing new digital revenue streams (51%)
  • Expanding a digital partner ecosystem (49%)
  • Digitizing the supply chain (45%)
  • Adding new payment models (44%)
  • Expanding into new markets (43%)