Financial Services is an industry driven by disruption. Transformative business models such as low-cost brokerages, innovative investment products like ETFs, and the huge regulatory mandates like Gramm-Leach-Bliley are but a few examples. Here are some others:
• New fintech firms such as a recent nine billion dollar investment in Ant Financial Services Group and myriad other venture capital-led fintech startups targeting well established segments across the financial services industry
• Robo-advisor services powered by artificial intelligence and machine learning intermediating financial advisors and portfolio managers alike
• Ever changing regulatory and risk management mandates, such as GDPR, Basel III, and Open Banking, transforming customer engagement and capital allocation
Read this whitepaper to learn how you can overcome these and other disruptions.
In our previous eBook, “Part 1: Enabling Financial Transformation through Technology,” we examined the “why” of Record to Report transformation and briefly described ‘how” you can achieve this through the implementation of Record to Report technology.
Now that you understand the “why” and the “how” it’s time to put it into action to ensure a successful Record to Report transformation delivery. But first we need to lay the framework, as the majority of you have probably never embarked on a financial transformation journey before or have experience with a technology purchase or implementation of this calibre.
Customers now expect the same level of service on social media from financial firms, insurance providers, and other regulated enterprises as they receive from technology and retail companies. But without the right compliance controls in place, your organization could violate customer privacy rules and other regulatory guidelines.
Are you taking the right steps to ensure compliance?
For financial business leaders and other c-level executives, moving away from unclear or ambiguous “improvements” to quantifiable measurements is crucial to the overall organization. Hard, meaningful data substantiates the execution of strategic, long-term business decisions. As technology is rapidly changing, executives can be challenged to find the right systems that drive business performance, provide competitive advantages, and increase the bottom line.
With nearly 20% of midmarket firms using Hyper Converged Infrastructure (HCI) and another 46% actively investigating and planning to adopt HCI solutions over the next 12-18 months, there has never been a more critical time to get ahead of your competition.
Midsize businesses face the same need to modernize IT and embrace digital transformation as much as their larger competitors, but are typically restricted by resource and money. HCI enables midsize organizations to address these challenges with a solution that can grow as the business grows, without the financial burden or requiring to choose between on premise or public cloud solutions.
The investments you make in IT technology and selecting the right HCI platform will impact your ability to evolve, grow and compete effectively in the future.
Submit the form to read our latest whitepaper and discover how you can modernize IT and improve your midsize business operational efficiencies with vSAN.
Published By: Workday
Published Date: Jul 30, 2019
At Workday, innovation drives everything we do. Combining powerful planning and analytics capabilities with a single source for data puts us on the cutting edge of financial management technology. Read this FSN Innovation Showcase to learn more.