White paper: Addressing financial services technology challenges during growth
As financial institutions look to expand into new lines of business, provide new products and services, and enhance customer experience, they are growing by way of mergers and acquisitions (M&A).
Anyone who has been involved in an M&A can attest that nothing about the process is smooth. As financial services organisations are consolidating and expanding, it sheds light on a myriad of technology challenges.
As the number of M&As are expected to increase, it is critical for companies to develop a well-planned strategy for IT integration can. Panduit’s latest white paper – Addressing Financial Services Technology Challenges During Growth – looks at some of the common challenges financial institutions face and ways to address them.
This report will identify the specific benefits of IT integration for financial services and shed light on the three things companies need to get right to realise its full potential: get your systems in order, be diligent about due diligence, and prepare for post-merger. You will learn how to plan for consolidation of technologies before, during and after M&As.
As consolidation within financial services continues to take place, financial services firms are finding it more and more common that their operations cross regulatory jurisdictions, requiring compliance with multiple regulatory organisations. Therefore, it is important to understand how to manage resources across multiple locations.
Finally, the report will provide tips on delivering omnichannel customer experiences. We know that especially in the financial sector, customer needs are a moving target. For example, customers today will not consider banking or investing with a company that does offer the ability to complete transactions digitally with a smartphone app. Looking forward, the potential of trends like artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) will quickly accelerate to improve customer-centric solutions.
Regardless of how financial services organisations are expanding, technology is at the forefront of that expansion and an automated, responsive, and robust IT infrastructure is at the heart of that technology. Download Panduit’s white paper today to ensure you have the right infrastructure in place for long-term growth.