For information and technology teams, harnessing innovation is essential. You need to keep up-to-date and carve out time and budget to decide what to do next– so which trends should you be watching?
DON’T MISS
THESE TECH TRENDS
TREND SHEET
MODERNIZE YOUR TECHNOLOGY
Keeping on top of the latest trends may not be easy – but it’s non-negotiable if you’re looking to outperform your competitors and modernize your firm’s tech stack.
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Only 35% of businesses think their data integration capabilities are well-equipped for the future.
It’s complicated. You need to innovate in so many areas. Technologies like artificial intelligence (AI), cloud and blockchain are evolving and presenting new opportunities, alongside the rise of open APIs – while social media and mobile technology are reshaping the way people interact with firms and with each other.
As cyberthreats continue to escalate, cybersecurity is a priority. At the same time, you are looking for ways to manage ever-greater volumes of data.
GLOBAL TRENDS
Financial markets are tackling digitalization and market electronification, while also focusing on climate risk and ESG investments. At the same time, fintechs are continuing to disrupt the status quo.
Everyone’s looking for new ways to monetize their data. Blockchain and distributed ledger technology are being used to create a new model for exchanging financial assets, and the rise of crypto and digital assets trading is driving the development of new asset classes.
FINANCIAL MARKET TRENDS
It’s clear that new technology brings challenges as well as opportunities. You need to take advantage of new technology in order to stay relevant,
but this comes at a cost – and in today’s market, businesses everywhere are under significant cost pressures. But it’s not only costs you’re worried about and have been analyzing for some time; it’s also the maturity of existing solutions to handle the demands of your complex organization.
CHALLENGES FOR THE CIO and CTO
increase in market infrastructure providers with modernized tech stacks by 2025
45%
In this evolving landscape, you need to focus on technology that is transparent, modular and simple to use, and that gives you access to tech innovation – whether that’s artificial intelligence or digital asset capabilities.
You need technology that can support your digital transformation and deliver the innovation you’re looking for. And you also need systems that are interoperable and quick to implement, with plug-and-play tools that deliver the functionality you need.
ADDRESSING NEW TECH CHALLENGES
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FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).
About FIS
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FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
Question
YES
Source: FIS 2021 Readiness Report
YOU’RE
RIGHT!
TRY AGAIN!
NO
- Pontus Eriksson, Strategy Director, FIS.
“As CIO and CTO, you can’t afford to get left behind – your competitors are already tapping into cloud, blockchain and AI. You need to innovate more than you usually do, which means adjusting your mindset and your spend – sometimes you need to invest to divest your legacy technology and free up capital.”
increase in cloud-ready applications by 2025
27%
Technology needs
Access to
innovation
Interoperable systems
Plug-and-play tools
Crypto and digital assets trading
Blockchain/DLT
Data monetization
Trends to watch
New risk types
Climate risk and ESG investment
Source: Celent, CIO Market Infrastructure Survey 2021: The Digital Journey to 2025, June 2021
Learn more
The time is now – the tools are ready and you need to get things done and move ahead.
- Pontus Eriksson, Head of Strategy for FIS
“As CIO and CTO, you can’t afford to get left behind – your competitors are already tapping into cloud, blockchain and AI. You need to innovate more than you usually do, which means adjusting your mindset and your spend – sometimes you need to invest to divest your legacy technology and free up capital.”
The time is now – the tools are ready and you need to get things done and move ahead.