The Technology Revolution in Finance: Fintech, BigTech and AI

Tech transformation

In many industries, including finance, technology has already had a transformative impact. IT systems are critical bank infrastructure as evidenced by the multiple complex challenges banks face as their IT systems are ringfenced. The connectivity within and interlinkages between banks are dependent on technology, particularly as more capacity migrates to the cloud.

Using technology for finance evolved rapidly: by the late 1990s most banks had digital branches that…