An Accenture survey report from 2016 found that financial services firms are facing a large number of security breaches. The report stated that a financial services firm faces an average of 85 targeted breach attempts each year, a third of which will be successful.
As we continue to share key insights on the latest technology trends in the financial industry, Cloud technology is the trending buzzword in Financial IT circles.
The question is, how can cloud technologies address financial industry concerns over the strict regulatory compliance, data security (including privacy and disaster recovery), and cost savings, while maintaining the focus on efficiency and customer experience.
In last weeks blog, we defined Digital Transformation as the shift in a business’s organizational activities, processes, competencies, and models to meet the changes and opportunities in digital technologies with present and future shifts in mind. It is a strategic move towards modernizing one’s business both externally and internally and goes beyond just the technology. A move to just modernize systems without the accompany
In the business world, the only constant is change. Once you think you have it figured out, something else happens to change the way you do business and interact with your customers. Gone are the days of the traveling salesman and cold calling. Customers are demanding what they want and when they want it and how they communicate to get it. Mobility in both customer service and employee productivity is essential in running a successful business.
As we continue to keep you up to speed with the latest in Insurance IT, Cloud technology is the new hot topic under discussion. The question is, does the technology possess the potential to transform the Insurance industry?
Being a part of the industry, you may have been hearing about:
Being a part of the legal industry, you may have been hearing about the impact of digital transformation.
The question is, how can the technology related to digital transformation help legal firms with the day to day pressures of the business? As industry starts to move toward customer experience, the focus on client needs to be balanced with making sure client information is safe.