Risk and Reward: Digital Transformation for Financial Services

For many financial services and insurance companies the impetus for change is proving irresistible.
Encumbered by legacy systems, contemplating the impact of new technologies such as artificial intelligence, blockchain and the Internet of Things, and coming to terms with a changing competitive and customer landscape, firms are looking for an alternative way forward.

Accordingly, almost two-thirds (61%) of financial services and insurance company executives surveyed by NTT DATA Services intend to move away from a vertically-integrated business model. In its place, firms are looking to create a Digital Business Platform, an ecosystem approach that allows them to partner with fintechs, insuretechs and other emerging providers of financial products and services. An overwhelming 85% of industry executives believe these new platforms represent a significant opportunity to reposition their organisations.

With such a fundamental shift comes risk and reward – and it’s both we will seek to explore at this specially-convened CBR Dining Club event, in association with NTT DATA Services.

We’ll consider the implications of the Digital Business Platform approach. We’ll ask what it means for service management, disaster recovery and efforts to meet regulatory compliance. We’ll also ask whether a platform approach risks ceding too much control of the value chain to third parties.

This event is a must for those charting a course towards digital transformation. It’s a must for those integrating digital features and capabilities into their core IT systems. And it’s a must for those in financial services and insurance considering how to mesh business priorities with technology investment.

So do join us for an evening of great conversation and actionable insights.