Tag "digital transformation"
Global Ecosystem for Digital Transformation in the Financial Sector
COVID-19 has speeded up digital transformation by several years. According to a new McKinsey Global Survey of executives, companies across regions and industries have accelerated the digitalization of their customer and supply chain interactions, as well as of their internal
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Singapore Organizations Adopt AI, ML Amid COVID-19 Induced Uncertainties
Amid the COVID-19 pandemic, Singapore businesses are turning to artificial intelligence (AI) and machine learning (ML) to manage consumer credit risk and deal with economic uncertainties, according to a new research by information services company Experian. Experian, which surveyed 3,000
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Banks Must Gear Up for Upcoming Data-Intensive Era, Experts Say
Changing customer expectations, the rise of big techs, and COVID-19 are accelerating banks’ digital transformation, forcing them to upgrade their infrastructure to meet the requirements of the data-intensive era, experts said. At the Huawei APAC FSI Data Storage Summit virtual
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Singaporean Businesses Slow in Embracing Finance Transformation, SAP’s Survey Finds
Despite widespread adoption of remote working and digital transformation, finance transformation is still lagging amongst Singaporean businesses, resulting in companies losing US$340 million (S$473 million) annually to inefficiencies and manual processes, according to a new study commissioned by SAP Concur.
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APAC Banks Ramp up Digital Transformation to Prepare for Next Normal
The COVID-19 pandemic, the entry of digital banks as well as changing customer expectations are accelerating banks’ digital transformation plans. In Asia Pacific (APAC), 44% of the top 250 banks are now focused on completing their “connected core” transformation and
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Digital Disruption in Finance is Here, But Investment Firms Slow to Become Digital Leaders
A global survey of 2,000 investors and 500 investment providers supported by State Street has identified three aspects of data that will define stewardship for the digital age. Integration, the ability to combine both structured and unstructured data; Intelligence, the
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