February 7, 2023 – The pace of change in financial services is accelerating due to new digital channels, technological capabilities, and a growing array of vendors and FIs. The ability to rapidly innovate and iterate is a competitive differentiator, but the demand for innovation poses a significant resource management challenge, one exacerbated by financial institutions’ reliance on legacy architecture.

No corner of financial services today is untouched by these shifts, which provide significant growth opportunities. This Impact Report provides an overview of the challenges organizations face in delivering innovative financial products and services in today’s market and introduces the concept of fintech enablement.

Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this report and the corresponding charts.

This report mentions FintechOS and McKinsey.