Whitepaper: Digital transformation and trends in financial services

The financial services industry has traditionally lagged when it comes to digital transformation, but that is changing. The expansion of fintech and bigtech firms has put pressure on incumbents to respond to a shifting landscape of competitive threats.

In an increasingly competitive environment, for financial institutions to stay relevant and competitive, they must leverage technology to provide compelling products and services and a more personalized experience.

In a recent survey, carried out by FinTech Futures and commissioned by Pure Storage, executives from financial institutions and fintechs, gave their views on the current state of digital transformation and the technologies, trends and challenges that will shape the future of the financial industry. This survey sought to understand the current state of play among financial institutions and fintech firms in terms of their own digital transformation and in response to challenges and future plans.

Read more in this report, which details the findings and covers the future of the financial industry, including a shift back to office, fraud prevention, KYC, and regulatory compliance.