New business models, processes, and products are possible with advancing technology, especially in information-based businesses such as financial services.
Solutions must be customer friendly, and attractive enough to consumers to drive change.
The onslaught of consumer focused fintech organizations leveraged these advantages to establish strong footholds in the market.
Solutions must integrate with business partners. Collaboration is the name of the game in the digital world, and development of standards is important to enable this.
Solutions must adapt to and take advantage of the new opportunities that technology presents.
The new economy is real time, data rich, and highly automated. This provides opportunity to reduce costs through operating efficiencies and reduced risk.
Technology provides competitive advantage to those who step up. Tomorrow it is table stakes.
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