There's No Excuse Why Every Financial Institution Isn't Embracing Digital Transformation

Every industry is being impacted by modern technology, the application of data and insights, and new channels of distribution. The dozens of major companies that have disappeared by not keeping pace with innovation attest to this. Among them: Blockbuster, Kodak, Borders, Xerox, Nokia and Toys "R" Us -- not to mention countless smaller firms that don't make the headlines. Yet there remains a complacency among many financial institutions about the seismic changes swirling around them and about the urgent need to meet the challenge. Often this complacency is caused by historical success.