Disruption. Transformation. Digitization. Change…. The speed at which new developments are occurring in technology is incessant, and it is not a stretch to say; no industry is experiencing a more significant reinvention than financial services. Every aspect of this expansive industry is undergoing dramatic change as technology enables new opportunities for those who are nimble and presents a considerable threat to those who are slow to embrace change.
The financial services industry has been working tirelessly to deliver better experiences. Most financial service firms now realize they must improve delivery of financial services on digital channels to keep pace with tech organizations like Google, Amazon, and Apple. What is still in unclear, is what role financial service firms play going forward. The threat to the relevance of traditional firms comes from the expectations being set by non-bank digital-first organizations, the burden of legacy systems and organizational structures and the impact of new Fintech players.
Digitization is driving connectivity to millions of things that were never connected before, creating tons of new data and new opportunities. But all that connectivity is also increasing exposure and risk. You need a network that has built in security end-to-end – simple and effective security that sees more and protects more. And as you connect all those devices and extend your networks to partners and customers, you need to automate tasks so you can scale quickly and efficiently. All those devices are creating tons of new data that you can use to drive new business models or operational efficiencies – but getting to the data while it is most valuable means you need a strategy and a network that can process and prepare data before it is in motion.
The network must become the computer – processing and preparing data at the edge. And when your employees want to get together and evaluate that data – they can do so on the fly, thanks to collaboration solutions that fit in every pocket, every office, every conference room.
Next week (June 25th – June 29th) CiscoLive! is returning to Las Vegas. Thousands of technology enthusiasts and heroes of the digital age will come together for a transformational experience that includes today’s IT visionary thought leaders and Cisco’s top partners.
Come join the fun and connect with experts from Cisco’s Financial Services team in the IoT Village Industry District and see the latest innovations first hand. We’ll be demoing the latest in our Customer Experience Solutions, Security Solutions, Cloud Managed IT and much more.
Join us during the week for a session:
Monday, Jun 26, 12:45 p.m. – 1:00 p.m. | World of Solutions, IoT Theater
Wednesday, Jun 28, 5:30 p.m. – 5:45 p.m. | World of Solutions, IoT Theater
Tuesday, Jun 27, 3:45 p.m. – 4:00 p.m. | World of Solutions, IoT Theater
Learn more about Cisco Financial Services at www.cisco.com/go/financialservices