Digital transformation: Accelerating the change in FinTech

Eli Rosner, Chief Product and Technology Officer at Finastra, describes how COVID-19 has supercharged digital development in the finance sector. Prior to the COVID-19 pandemic, the topic of digital transformation was on the agenda for most companies as they developed a strategy for 2020. The myriad benefits, efficiency enhancements and cost savings made possible by reimagining how people, technology and processes interact on a daily basis were alluring and innovative, but, at that time, not wholly essential to ensuring business continuity. Coronavirus was the random economic test which no-one could have fully anticipated and as social distancing, remote working and lockdown rules became the norm around the world, companies which had seen the writing on the wall and already adapted to the digital era were the early winners. Eli Rosner, Chief Product and Technology Officer at Finastra, the third-largest FinTech in the world, shares his views on why digital transformation remains one of the core industry trends in modern business.