Tech transformers for financial services

Financial institutions have plenty to gain by embracing new techonolgies but tailoring that approach to the specific need of an organisation will need bankers and IT teams working together.

It’s been a challenging start to the year for Australia’s banks. Multiple redundancies have been announced, Royal Bank of Scotland has put its M&A and securities business units up for sale and growth in the credit market is estimated to shrink from 12 to 14 per cent of banking revenues to just 4-5 per cent of revenue in 2012. Yet with resilient profits reported by many financial institutions in the past year and continued expansion plans into Asia, there are still positive times ahead for the banks, their accompanying trading arms and partners in the region.

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