Banking

The new wave of fintech: Enterprises into ecosystems

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FinTech is undeniably transforming banking and financial industries. Everyday there is a new hot topic or a new application of an existing technology that is reshaping the industry. But while the industry was first focused on disparate projects to quickly implement new technologies, recently there has been a shift to construct new business architectures and bring these technologies into an ecosystem.

In our latest issue of Exponent magazine, Transforming the Enterprise into the Ecosystem, we discuss how financial services institutions are turning the enterprise into an ecosystem. Subject matter experts share their experiences with IBM clients on how they’re changing the way they operate in the industry—implementing projects across cloud, AI, security, and blockchain, and finding new ways to partner with FinTechs. You’ll also read how incumbent financial institutions, through these transformative initiatives, are becoming platforms for best-in-class applications that can deliver greater value across the board.

In these articles our IBM subject matter experts present some of the starting points for executives to begin emphasizing customer experience over products. As we see companies beginning to reestablish customer preferences as the new priority, technology will have to move over. And organizations willing to digitally reinvent themselves into ecosystems will be positioned to take advantage. Exponent is a biannual publication of IBM that focuses on the perspectives of the technology transforming financial services.

Some of the articles you’ll find in this issue include:

Welcome to the “age of the incumbent” in banking and insurance
By Nicholas Rogers

Digital transformation: How a three-phase process can fund itself
By Gary Napolitano

Why cloud? Why now? Because your customers won’t wait
By Mark Sullivan

The real return on risk and compliance technologies
By Grace Brasington

Putting theory into practice: How banks have made cognitive real
By Don India

We hope you enjoy the second issue. Download it here: Exponent Magazine, Issue 2

Want more articles about technology transforming financial services? Check out our past issue.

 

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