Driving the Digital Agenda in the Banking Industry
With ever evolving legislation Banks must reduce regulatory operating costs and eliminate the cost of non-compliance without impacting time to market. This combined with mounting security risks, operational inefficiency, rising expectations and the need to drive down operational costs, makes the challenge even more formidable. Competition with nimble new Fintech companies is disrupting the industry and is causing some banks to create a parallel IT infrastructure which is costly and unnecessary. Over 65% of IT projects in banks will fail against their initial promises and over 50% of all the IT projects will fail to ever create shareholder value. Shadow…