Industry Trends
Financial services organisations need to embrace the power of IT, but at the same time also need to drive total resilience across the organisation:
- Heightened Security Risks: Financial services are the most targeted sector for cyber crime, and are often targeted by state-supported actors with deep resources.
- Deepening Regulation: The Australian government is deepening regulation to counter the security threat. Financial services organisations need to find a way to remain compliant while not compromising the customer service.
- Disruption From Without: Non-financial players are bringing innovation to payments and financial services that are upending the way that incumbents have been providing these services.
- Global Disruption: Markets, supply chains, currencies and economies are being disrupted by conflict and other factors. Financial services needs total agility to achieve resilience.