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

Elvera Bartels

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

6 October 2021

Financial institutions are promptly accelerating their shift to digital channels as they look for to reinvent their organization models in response to the COVID-19 pandemic, a new paper from Atos reveals.

Incumbent financial institutions are going through a main obstacle in combating off digital opponents, though all financial institutions have to harness technology in buy to satisfy new decarbonization targets and regulatory demands, as perfectly as cater for mounting buyer requires.

Two thirds (66 for every cent) of banking leaders named reworking the digital shopper encounter as a major priority about the next 12 months in a study, though a more 80 for every cent explained digital technology is necessary to accomplishing their decarbonization targets. Pretty much 50 percent named account safety and security from fraud as a vital priority.

The final results, from a study that involved four hundred retail banking leaders throughout North The us and Europe, are highlighted in the most current global viewpoint paper by Atos, Digital Vision: Digital Banking, which brings collectively primary voices from throughout the business and geographies, which includes North The us, to analyze the most current developments that are shaping and reworking the digital long run of banking.

Digital Vision: Digital Banking illustrates how digital technology is creating banking smarter, greener and safer. It aspects how big data, artificial intelligence, blockchain and the World wide web of Matters are presenting financial institutions new opportunities to transform the shopper encounter, decarbonize functions, and secure their organization and customers from exterior threats.

Adrian Gregory, Worldwide Head of Money Companies & Insurance at Atos, explained:“Digital disruption is not new to the banking business: technologies progress and hungry industry entrants are emerging all the time. What has adjusted, nonetheless, is the massively accelerated shift to digital channels as a end result of Covid-19.Atos is working with our banking customers and global companions to aid navigate and speed up organization and digital transformation to produce banks’ priorities and ambitions. At this pivotal time in background, we see significant opportunities to collaborate to aid develop a cleaner, extra inclusive and safe long run for all.”

The Digital Vision: Digital Banking paper builds on the encounter of Atos as a primary digital husband or wife to several of the world’s banking, funds markets and insurance policies providers, furnishing built-in technology options that aid economical providers suppliers prosper in a promptly evolving digital environment.

Around the earlier 12 months alone, Atos has secured a wide range of banking, insurance policies, pensions, and funds markets contracts throughout a number of continents. Illustrations incorporate the range of Atos by Banque Misr, 1 of the largest financial institutions in Egypt, to assist its transformational journey to develop into the country’s initial digital bank a minimal 10-12 months contract with Nest to layout and create a long run targeted pension scheme and an prolonged arrangement to speed up transformation with Dutch insurance provider VGZ.

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About Atos

Atos is a global leader in digital transformation with 105,000 employees and annual profits of about € 11 billion. European selection 1 in cybersecurity, cloud and high overall performance computing, the Group gives tailored end-to-end options for all industries in 71 international locations. A pioneer in decarbonization providers and products, Atos is committed to a safe and decarbonized digital for its customers. Atos operates less than the manufacturers Atos and Atos|Syntel. Atos is a SE (Societas Europaea), detailed on the Future 20 Paris Inventory Index.

The goal of Atos is to aid layout the long run of the facts house. Its know-how and providers assist the improvement of know-how, instruction and study in a multicultural method and contribute to the improvement of scientific and technological excellence. Across the environment, the Group enables its customers and employees, and users of societies at huge to live, work and create sustainably, in a safe and sound and safe facts house.

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

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