Over the past decade, the financial industry has changed exponentially-and continues to change. Transactions which were once only possible by personal visits to financial institutions can now be accomplished with just a few taps on a mobile phone. If you've had to hand over a cash or check to pay your bills directly in the past, you can now transfer funds electronically, whether to a relative or a company.
Yet the industry's concentrated effort has failed to bring about those changes. Thanks to technological advances that changed the way the world works, the finance sector was forced to react and adapt to today's digital age. Sadly, so far, only 12 per cent of financial services companies are mature in their digital transformation.
infographic by: prototype.net
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