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

Digital engineering highlighted as crucial to assembly new decarbonization targets as Atos launches newDigital Vision: Digital Banking paper

6 October 2021

Banking companies are swiftly accelerating their change to digital channels as they search for to reinvent their enterprise types in response to the COVID-19 pandemic, a new paper from Atos reveals.

Incumbent banking institutions are struggling with a main obstacle in combating off digital competition, although all banking institutions should harness engineering in buy to meet up with new decarbonization targets and regulatory prerequisites, as effectively as cater for rising customer requires.

Two thirds (sixty six for each cent) of banking leaders named reworking the digital client working experience as a top rated priority above the subsequent yr in a study, although a further more 80 for each cent explained digital engineering is vital to accomplishing their decarbonization targets. Virtually fifty percent named account protection and defense from fraud as a crucial priority.

The effects, from a study that integrated four hundred retail banking leaders across North America and Europe, are highlighted in the hottest world view paper by Atos, Digital Vision: Digital Banking, which provides alongside one another leading voices from across the industry and geographies, including North America, to study the hottest trends that are shaping and reworking the digital long run of banking.

Digital Vision: Digital Banking illustrates how digital engineering is producing banking smarter, greener and safer. It aspects how massive information, synthetic intelligence, blockchain and the Online of Issues are offering banking institutions new opportunities to remodel the client working experience, decarbonize operations, and shield their enterprise and customers from exterior threats.

Adrian Gregory, World Head of Financial Expert services & Insurance at Atos, explained:“Digital disruption is not new to the banking industry: systems advance and hungry industry entrants are emerging all the time. What has modified, having said that, is the massively accelerated change to digital channels as a end result of Covid-19.Atos is doing work with our banking customers and world associates to assistance navigate and accelerate enterprise and digital transformation to produce banks’ priorities and ambitions. At this pivotal time in heritage, we see critical opportunities to collaborate to assistance build a cleaner, more inclusive and safe long run for all.”

The Digital Vision: Digital Banking paper builds on the working experience of Atos as a leading digital partner to lots of of the world’s banking, money markets and coverage firms, giving built-in engineering options that assistance fiscal providers vendors prosper in a swiftly evolving digital globe.

More than the earlier yr alone, Atos has secured a wide range of banking, coverage, pensions, and money markets contracts across numerous continents. Illustrations involve the variety of Atos by Banque Misr, one particular of the greatest banking institutions in Egypt, to support its transformational journey to turn out to be the country’s first digital financial institution a minimal 10-yr agreement with Nest to design and style and build a long run targeted pension plan and an extended settlement to accelerate transformation with Dutch insurance company VGZ.

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About Atos

Atos is a world leader in digital transformation with one zero five,000 staff and yearly income of above € eleven billion. European quantity one particular in cybersecurity, cloud and large functionality computing, the Group delivers tailored stop-to-stop options for all industries in seventy one international locations. A pioneer in decarbonization providers and merchandise, Atos is dedicated to a safe and decarbonized digital for its consumers. Atos operates less than the brand names Atos and Atos|Syntel. Atos is a SE (Societas Europaea), listed on the Up coming 20 Paris Stock Index.

The function of Atos is to assistance design and style the long run of the information and facts space. Its know-how and providers support the progress of know-how, education and investigation in a multicultural approach and add to the progress of scientific and technological excellence. Across the globe, the Group allows its customers and staff, and users of societies at substantial to reside, operate and develop sustainably, in a harmless and safe information and facts space.

Press contact: Helena Shadbolt [email protected] +forty four ()20 3128 8799, Nick Collins [email protected] +forty four ()20 3128 8897