World’s banks accelerate shift to digital after COVID-19

Joseph B. Hash

Electronic technology highlighted as essential to assembly new decarbonization targets as Atos launches newElectronic Vision: Electronic Banking paper

six October 2021

Banking companies are quickly accelerating their shift to electronic channels as they seek to reinvent their small business designs in response to the COVID-19 pandemic, a new paper from Atos reveals.

Incumbent financial institutions are going through a key challenge in fighting off electronic rivals, although all financial institutions will have to harness technology in buy to satisfy new decarbonization targets and regulatory demands, as very well as cater for mounting shopper demands.

Two thirds (sixty six per cent) of banking leaders named reworking the electronic purchaser experience as a prime priority over the future year in a survey, although a even further 80 per cent claimed electronic technology is necessary to reaching their decarbonization targets. Practically fifty percent named account protection and protection from fraud as a essential priority.

The results, from a survey that integrated four hundred retail banking leaders throughout North The usa and Europe, are highlighted in the newest international viewpoint paper by Atos, Electronic Vision: Electronic Banking, which brings alongside one another leading voices from throughout the industry and geographies, together with North The usa, to analyze the newest traits that are shaping and reworking the electronic potential of banking.

Electronic Vision: Electronic Banking illustrates how electronic technology is building banking smarter, greener and safer. It details how massive knowledge, synthetic intelligence, blockchain and the Online of Items are offering financial institutions new chances to completely transform the purchaser experience, decarbonize functions, and shield their small business and prospects from exterior threats.

Adrian Gregory, World Head of Fiscal Expert services & Insurance policy at Atos, claimed:“Digital disruption is not new to the banking industry: systems advance and hungry marketplace entrants are emerging all the time. What has modified, even so, is the massively accelerated shift to electronic channels as a final result of Covid-19.Atos is working with our banking prospects and international associates to assist navigate and accelerate small business and electronic transformation to provide banks’ priorities and ambitions. At this pivotal time in history, we see crucial chances to collaborate to assist develop a cleaner, much more inclusive and safe potential for all.”

The Electronic Vision: Electronic Banking paper builds on the experience of Atos as a leading electronic husband or wife to a lot of of the world’s banking, funds markets and insurance coverage firms, offering built-in technology methods that assist monetary expert services vendors prosper in a quickly evolving electronic globe.

In excess of the past year on your own, Atos has secured a broad array of banking, insurance coverage, pensions, and funds markets contracts throughout many continents. Illustrations incorporate the selection of Atos by Banque Misr, one of the most significant financial institutions in Egypt, to support its transformational journey to grow to be the country’s initially electronic lender a minimum amount ten-year deal with Nest to structure and create a potential concentrated pension plan and an prolonged arrangement to accelerate transformation with Dutch insurance provider VGZ.

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About Atos

Atos is a international leader in electronic transformation with one zero five,000 employees and yearly earnings of over € 11 billion. European amount one in cybersecurity, cloud and substantial overall performance computing, the Team gives customized finish-to-finish methods for all industries in seventy one nations around the world. A pioneer in decarbonization expert services and products, Atos is fully commited to a safe and decarbonized electronic for its clientele. Atos operates underneath the brands Atos and Atos|Syntel. Atos is a SE (Societas Europaea), mentioned on the Next 20 Paris Inventory Index.

The purpose of Atos is to assist structure the potential of the information and facts space. Its knowledge and expert services support the development of know-how, education and study in a multicultural approach and contribute to the development of scientific and technological excellence. Throughout the globe, the Team enables its prospects and employees, and users of societies at large to stay, operate and build sustainably, in a safe and sound and safe information and facts space.

Press get in touch with: Helena Shadbolt [email protected] +forty four ()20 3128 8799, Nick Collins [email protected] +forty four ()20 3128 8897

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