A lot of companies in the finance industry are at a crossroad – to implement digital transformation initiatives or not. The first option seems to be very expensive but choosing the latter could cause them the existence of their business. With the latest developments in financial technology, it seems like traditional companies have no choice but to adapt to the changes to keep up with the high technological expectations of their customers.
Here’s an infographic illustrating the leading technologies that are disrupting the financial industry, some statistics on how the industry is coping, the drivers of these changes, and other trends to watch out for.
Infographic by – Prototype