“Regulation, technology, geopolitical shifts, and unforeseen innovations could radically alter the way that the industry develops.”
The financial services industry is at the epicentre of a whirlwind of change powered by emerging technology and evolving regulatory frameworks. New, ambiguous rules and standards like SCA and DORA are forcing 45% of organisations to switch operations or processes [PwC, 2023]. Whilst the benefits of modernisation are abundant e.g. embedded compliance, making decisions in hours, not days, enhanced flexibility and increased resilience, many organisations still struggle to embrace it.
Change management in large, complex organisations is an immense undertaking. 75% of FSI organisations are missing the mark in these technology change efforts [HBR, 2023]. Staff must be upskilled, processes overhauled, and infrastructures modernised. But, with regulatory pressures looming, stagnation is not an option. Fail to act and non-compliance won’t be your only concern – falling behind the competition looms just as large.
The task is monumental, and time is not on your side. How will you leverage emerging technology and regulatory change to drive successful transformation in your organisation?
We’re committed to supporting our society and environment. When you attend a Change Makers Club event, we pledge to neutralise your carbon footprint. To offset your travel or energy usage we will plant a tree via One Tree Planted. Once mature, the average tree has a net absorption of 30 kg of CO2 per year, which equates to 227 miles of travel by car or 96 hours of office usage. You can see our maths here.
Learn more here: https://onetreeplanted.org/