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Creating The New Era Of Finance Industry

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Creating The New Era Of Finance Industry

Anamika Sahu, Managing Editor, 0

Crisis are the best time to mutate to ensure we emerge winners and create better future. And technology is playing an eminent role in mutating almost every sphere of our lives. Finance is one of them where technology is enabling people to address their financial needs while follow all the necessary measures to curb COVID-19. In the coming days, tech will further penetrate the finance sector, which is why the global fintech market is anticipated to reach $305 billion by 2025, growing at a CAGR of 20 percent.

Looking at the seamless experience that technology is bringing to the finance sector, banks and financial institutions are making huge investment in technology-based solutions. Further, ResearchAndMarkets.com
reports that the infrastructure-based technology and APIs are reshaping the future of the financial services industry, which is enabling the growth of the global fintech market. Such solutions have indeed empowered financial companies to deliver low-cost and personalized products customized according the changing market dynamics.

But bringing this change within the financial fabric is not easy. It requires a change agent who understands the market dynamics and the changing needs and leads this change from the front. While most CEOs recognize the importance of innovation, they also know they face big challenges. There is slew of challenges they need to deal with, including long-entrenched cultures, legacy tech-architectures and more.

For traditional companies’ CEOs, it might be difficult to break this nomenclature and frame the new model of working. Hence CEO Insights brings to you the story of those firefighters who are fully geared-up to take this challenge heads-on. In our current edition of CEO Insights Magazine’s ‘Top 10 Financial Technology CEOs – 2020’, we highlight their strategies and tech-integration principles and plans on mitigating their clients’ pain points. Read to know more.

Do let us know what you think!

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