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

Digital technology highlighted as vital to assembly new decarbonization targets as Atos launches newDigital Vision: Electronic Banking paper

6 Oct 2021

Banks are swiftly accelerating their shift to digital channels as they find to reinvent their company products in reaction to the COVID-19 pandemic, a new paper from Atos reveals.

Incumbent banking companies are facing a significant problem in battling off electronic rivals, though all financial institutions must harness engineering in get to meet new decarbonization targets and regulatory prerequisites, as effectively as cater for increasing customer needs.

Two thirds (66 per cent) of banking leaders named transforming the electronic consumer encounter as a top priority about the upcoming year in a survey, even though a further 80 per cent explained digital know-how is vital to achieving their decarbonization targets. Just about fifty percent named account protection and safety from fraud as a vital precedence.

The effects, from a survey that provided 400 retail banking leaders across North America and Europe, are highlighted in the newest international feeling paper by Atos, Digital Vision: Digital Banking, which brings alongside one another major voices from across the market and geographies, which include North The united states, to study the hottest trends that are shaping and reworking the digital foreseeable future of banking.

Electronic Vision: Electronic Banking illustrates how electronic know-how is producing banking smarter, greener and safer. It specifics how significant info, synthetic intelligence, blockchain and the Internet of Matters are providing banking companies new opportunities to completely transform the shopper experience, decarbonize operations, and defend their business and customers from external threats.

Adrian Gregory, World-wide Head of Fiscal Services & Insurance at Atos, reported:“Digital disruption is not new to the banking field: technologies progress and hungry industry entrants are rising all the time. What has modified, however, is the massively accelerated change to electronic channels as a result of Covid-19.Atos is functioning with our banking prospects and global companions to assist navigate and accelerate business and digital transformation to produce banks’ priorities and ambitions. At this pivotal time in heritage, we see critical chances to collaborate to assistance build a cleaner, extra inclusive and secure future for all.”

The Digital Eyesight: Electronic Banking paper builds on the encounter of Atos as a main electronic husband or wife to several of the world’s banking, capital marketplaces and insurance plan businesses, offering integrated know-how alternatives that assistance economical services providers prosper in a promptly evolving electronic earth.

Above the previous yr alone, Atos has secured a broad range of banking, insurance coverage, pensions, and funds marketplaces contracts throughout multiple continents. Examples incorporate the variety of Atos by Banque Misr, a single of the biggest banking institutions in Egypt, to assist its transformational journey to come to be the country’s initially electronic bank a least 10-yr deal with Nest to design and style and develop a upcoming centered pension plan and an extended agreement to accelerate transformation with Dutch insurer VGZ.

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About Atos

Atos is a world chief in electronic transformation with 105,000 staff members and once-a-year earnings of more than € 11 billion. European number a single in cybersecurity, cloud and substantial performance computing, the Team presents tailored conclude-to-finish methods for all industries in 71 nations around the world. A pioneer in decarbonization products and services and merchandise, Atos is committed to a protected and decarbonized digital for its clientele. Atos operates below the makes Atos and Atos|Syntel. Atos is a SE (Societas Europaea), mentioned on the Subsequent 20 Paris Inventory Index.

The purpose of Atos is to assist layout the upcoming of the info room. Its experience and expert services guidance the advancement of know-how, instruction and analysis in a multicultural approach and contribute to the development of scientific and technological excellence. Throughout the world, the Group permits its consumers and staff, and users of societies at huge to live, do the job and develop sustainably, in a risk-free and secure facts place.

Push speak to: Helena Shadbolt [email protected] +44 ()20 3128 8799, Nick Collins [email protected] +44 ()20 3128 8897