Digital democratization, robotics and artificial intelligence have transformed entire industries over the last two decades. Although it’s still early, financial services is headed down the same inevitable path to disruption. But there is an upside. There will also be an explosion in productivity and efficiency.
In the next 5-10 years, productivity will be transformed through multiple technologies, such as Robotic Process Automation (RPA), Natural Language Processing (NLP), or Artificial Intelligence (AI). And with new technologies being developed every day, who knows what the next big, transformative fintech movement will be?
Fintech represents a systemic change in the industry. The only successful way forward is to take a long-term view. The key to success is simple: plan for a steady pace of adoption for interrelated technologies, rather than focus on individual projects that may not build off one another.
Revolutionary fintech change is just beginning, but future technology adoption decisions need to be made now. Watch our video below to explore a map for adopting technology at a manageable pace: