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

Electronic technological innovation highlighted as crucial to conference new decarbonization targets as Atos launches newElectronic Vision: Electronic Banking paper

6 October 2021

Financial institutions are quickly accelerating their change to digital channels as they seek to reinvent their business enterprise versions in response to the COVID-19 pandemic, a new paper from Atos reveals.

Incumbent financial institutions are going through a important challenge in preventing off digital rivals, while all financial institutions have to harness technological innovation in purchase to fulfill new decarbonization targets and regulatory requirements, as effectively as cater for rising consumer calls for.

Two thirds (sixty six for every cent) of banking leaders named reworking the digital shopper expertise as a leading priority around the following year in a study, while a further more 80 for every cent explained digital technological innovation is important to achieving their decarbonization targets. Just about half named account stability and defense from fraud as a crucial priority.

The effects, from a study that incorporated 400 retail banking leaders across North The usa and Europe, are highlighted in the most current world-wide viewpoint paper by Atos, Electronic Vision: Electronic Banking, which delivers alongside one another major voices from across the business and geographies, like North The usa, to take a look at the most current traits that are shaping and reworking the digital potential of banking.

Electronic Vision: Electronic Banking illustrates how digital technological innovation is generating banking smarter, greener and safer. It aspects how large data, artificial intelligence, blockchain and the Web of Things are providing financial institutions new possibilities to remodel the shopper expertise, decarbonize operations, and guard their business enterprise and buyers from exterior threats.

Adrian Gregory, World Head of Economic Products and services & Insurance at Atos, explained:“Digital disruption is not new to the banking business: systems advance and hungry sector entrants are emerging all the time. What has transformed, even so, is the massively accelerated change to digital channels as a outcome of Covid-19.Atos is operating with our banking buyers and world-wide companions to support navigate and accelerate business enterprise and digital transformation to provide banks’ priorities and ambitions. At this pivotal time in historical past, we see important possibilities to collaborate to support make a cleaner, far more inclusive and protected potential for all.”

The Electronic Vision: Electronic Banking paper builds on the expertise of Atos as a major digital husband or wife to a lot of of the world’s banking, funds markets and insurance coverage businesses, furnishing integrated technological innovation options that support financial services companies prosper in a quickly evolving digital planet.

Above the past year by yourself, Atos has secured a broad assortment of banking, insurance coverage, pensions, and funds markets contracts across several continents. Illustrations involve the variety of Atos by Banque Misr, 1 of the greatest financial institutions in Egypt, to support its transformational journey to come to be the country’s initial digital financial institution a minimum amount 10-year agreement with Nest to style and make a potential focused pension plan and an prolonged settlement to accelerate transformation with Dutch insurance provider VGZ.

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About Atos

Atos is a world-wide chief in digital transformation with a hundred and five,000 staff and yearly income of around € 11 billion. European number 1 in cybersecurity, cloud and superior general performance computing, the Team offers tailored stop-to-stop options for all industries in 71 nations. A pioneer in decarbonization services and products and solutions, Atos is fully commited to a protected and decarbonized digital for its customers. Atos operates under the manufacturers Atos and Atos|Syntel. Atos is a SE (Societas Europaea), listed on the Next 20 Paris Inventory Index.

The objective of Atos is to support style the potential of the information room. Its experience and services support the development of information, education and research in a multicultural strategy and add to the development of scientific and technological excellence. Across the planet, the Team enables its buyers and staff, and members of societies at large to stay, work and develop sustainably, in a safe and protected information room.

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