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

Electronic technology highlighted as vital to meeting new decarbonization targets as Atos launches newElectronic Vision: Electronic Banking paper

6 Oct 2021

Financial institutions are speedily accelerating their change to digital channels as they find to reinvent their enterprise versions in response to the COVID-19 pandemic, a new paper from Atos reveals.

Incumbent banking institutions are experiencing a important challenge in preventing off digital competition, while all banking institutions ought to harness technology in get to satisfy new decarbonization targets and regulatory needs, as effectively as cater for soaring consumer needs.

Two thirds (66 for each cent) of banking leaders named transforming the digital purchaser expertise as a major priority more than the following year in a study, while a more 80 for each cent mentioned digital technology is important to achieving their decarbonization targets. Nearly fifty percent named account safety and defense from fraud as a vital priority.

The final results, from a study that involved four hundred retail banking leaders across North The united states and Europe, are highlighted in the most recent international opinion paper by Atos, Electronic Vision: Electronic Banking, which brings together primary voices from across the market and geographies, like North The united states, to take a look at the most recent traits that are shaping and transforming the digital upcoming of banking.

Electronic Vision: Electronic Banking illustrates how digital technology is making banking smarter, greener and safer. It details how huge information, artificial intelligence, blockchain and the Net of Points are supplying banking institutions new possibilities to remodel the purchaser expertise, decarbonize operations, and safeguard their enterprise and prospects from exterior threats.

Adrian Gregory, World-wide Head of Financial Products and services & Coverage at Atos, mentioned:“Digital disruption is not new to the banking market: systems progress and hungry marketplace entrants are emerging all the time. What has changed, however, is the massively accelerated change to digital channels as a result of Covid-19.Atos is performing with our banking prospects and international partners to assistance navigate and accelerate enterprise and digital transformation to produce banks’ priorities and ambitions. At this pivotal time in heritage, we see critical possibilities to collaborate to assistance produce a cleaner, extra inclusive and secure upcoming for all.”

The Electronic Vision: Electronic Banking paper builds on the expertise of Atos as a primary digital spouse to numerous of the world’s banking, capital markets and coverage businesses, offering integrated technology solutions that assistance financial products and services providers prosper in a speedily evolving digital environment.

In excess of the previous year alone, Atos has secured a wide variety of banking, coverage, pensions, and capital markets contracts across various continents. Illustrations consist of the assortment of Atos by Banque Misr, a person of the major banking institutions in Egypt, to guidance its transformational journey to become the country’s initial digital bank a bare minimum 10-year contract with Nest to layout and construct a upcoming centered pension scheme and an extended arrangement to accelerate transformation with Dutch insurer VGZ.

***

About Atos

Atos is a international chief in digital transformation with a hundred and five,000 employees and yearly profits of more than € 11 billion. European number a person in cybersecurity, cloud and higher overall performance computing, the Group presents tailored conclusion-to-conclusion solutions for all industries in seventy one nations. A pioneer in decarbonization products and services and items, Atos is dedicated to a secure and decarbonized digital for its shoppers. Atos operates less than the manufacturers Atos and Atos|Syntel. Atos is a SE (Societas Europaea), listed on the Following 20 Paris Inventory Index.

The purpose of Atos is to assistance layout the upcoming of the information place. Its expertise and products and services guidance the improvement of information, instruction and investigate in a multicultural method and contribute to the improvement of scientific and technological excellence. Throughout the environment, the Group allows its prospects and employees, and associates of societies at big to stay, work and build sustainably, in a secure and secure information place.

Press make contact with: Helena Shadbolt [email protected] +44 ()20 3128 8799, Nick Collins [email protected] +44 ()20 3128 8897