03.15.24
Digital Maturity Gap in Financial Services Has Grown Wider
by: Leo Almazora
Broadridge’s 2024 Digital Transformation & Next-Gen Technology Study revealed that 75% of executives at financial service companies expressed confidence in their technology transformation strategies, with more than two-thirds saying they've made meaningful strides in modernizing their core IT infrastructure. The survey showed more than 80% of executives are channeling investments into cybersecurity and advanced IT cloud platforms, and that most plan to maintain or increase their spend on emerging technologies in the next two years. “We are seeing significant momentum in the adoption of next-generation technology like GenAI from financial services firms looking to solve their most pressing business challenges, while they're also gaining measurable value from more established technologies including AI, blockchain, cloud and core infrastructure platforms,” said Chris Perry, president of Broadridge.
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