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Manage Tech 360 delivers secure, cloud-forward IT solutions to simplify complexity and drive business growth.
Manage Tech 360 delivers secure, cloud-forward IT solutions to simplify complexity and drive business growth.
IT solutions for the finance industry empower banks, credit unions, investment firms, financial advisors, and insurance agencies to deliver seamless, user-friendly services across physical locations, mobile devices, and desktops.
Customers now expect personalized and easily accessible financial services. Emerging technologies like AI and big data empower organizations to deliver innovative financial IT solutions. However, outdated infrastructure, underutilized data, and non-compliant technology can hinder progress.
The financial services industry is embracing the cloud to enhance operations, ensure compliance, and build resilience for the future. Cloud adoption in financial businesses was projected to reach 90% by 2023.
Artificial intelligence is also a major factor, with over 80% of financial institutions recognizing AI as a key driver of success. Additionally, 66% of consumers expect real-time, personalized offers, pushing businesses to leverage AI for deeper customer insights.
Workforce expectations are also shifting, with 60% of employees planning to continue working in a hybrid or remote capacity, requiring businesses to adapt to new workplace dynamics.
Cyber threats are a growing concern for financial services as they adopt cloud technologies. Nearly 90% of IT executives in the industry reported an increase in cyberattacks over the past year. The financial sector is the second-most targeted for data breaches, with an average cost of $5.72 million per breach.
Despite these risks, fewer than 25% of banks have dedicated cloud security leadership or staff. Financial organizations also struggle to fill key roles, with cybersecurity (43%) and AI/machine learning (49%) being the most challenging tech talent gaps to address.
Average cost of a financial sector data breach
Financial services organizations who cite cybersecurity as a difficult tech talent capability to fill.
Of consumers expect financial institutions to understand their unique needs.
With the right IT infrastructure and tools, financial services organizations can leverage the cloud to enhance customer experiences. Advanced data and analytics enable smarter, more efficient decision-making while delivering personalized services. Don't let outdated systems limit your potential—embrace the cloud for a more agile and customer-focused future.
Cloud technology enables a flexible hybrid workforce, helping organizations retain top talent and enhance employee satisfaction.
Technology choices impact strategic, regulatory, operational, financial, and reputational risks. While digital transformation enhances customer experiences and provides valuable insights, financial data security remains critical.
Customers now expect fast, seamless, and self-service options. Financial services organizations must evolve to meet these demands while safeguarding sensitive information.
Mergers, acquisitions, and business growth can result in fragmented IT systems, leading to inefficiencies and increased costs. Relying on legacy infrastructure may hold you back from innovation. A strategic IT overhaul can enhance performance, streamline operations, and reduce administrative burdens—allowing your institution to focus on delivering innovative services that engage customers and drive revenue.
