Digital Disruption Forces Financial Institutions to Rethink Priorities

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Image Source: Article

In an effort to satisfy the demands of an increasingly digital consumer, the banking industry's focus is moving away from responding to new regulations to investing in the technology and talent required to retain customers and respond to increasing competition from fintech firms.

In the eighth installment of the annual banking survey from Temenos in association with Capgemini, entitled ‘Shifting Sands: Banking in the Digital Era‘, the primary takeaway is the significant change in the industry’s priorities from a focus on responding to regulations and compliance to a greater emphasis on building a ‘digital bank’.

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