In a 20 page report, lobby group techUK has said "outdated technological foundations" constrains the ability of traditional banks and other incumbents in the financial services sector from meeting the challenge of innovative new entrants to the market. "This will facilitate the use of new technologies such as cloud services and big data and analytics and enable sustainable innovation through a culture of change, based around a central digital platform and driving seamless customer and user experience," it said. The report says that while there are many reasons why technology is not being used more widely, one factor which it believes could be contributing to this lack of adoption is the fact that existing infrastructure does not
In a 20 page report, lobby group techUK has said "outdated technological foundations" constrains the ability of traditional banks and other incumbents in the financial services sector from meeting the challenge of innovative new entrants to the market. The report says that while there are many reasons why technology is not being used more widely, one factor which it believes could be contributing to this lack of adoption is the fact that existing infrastructure does not