Final Tech Report HD - Flipbook - Page 17
What do you see as the top challenges for
the Financial Services industry in Ireland in
the next 1-3 years due to technology?
Challenges, when managed, are opportunities when it comes
to innovation. Positive changes and opportunities come from
solving a well-defined problem statement or challenge. Some
of the challenges I hear about include:
Integration of new technology with legacy systems and their
interoperability
Adoption of new technology that must be congruent with
regulations
The pace at which technology and it’s users are evolving and
trying to keep abreast of that
What advice would you give to someone
working within the industry to stay relevant
in this changing landscape?
Become open to collaboration – digital transformation cannot
happen in silos, nor will it happen in a single enterprise trying
to achieve success in isolation. Establish what paths and
models will work for your organisation to evolve. Collaborate
with educators, experts, investors, customers, networks and
communities. Identify the opportunities that will yield early
wins to set the scene for continuous growth and success.
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