Jay Nair: senior VP at Infosys explains how financial services providers are adopting digital transformation strategies due to COVID-19.
Firms are investing in sophisticated collaboration technologies to improve remote working productivity and effectiveness. On the back end side, which is often ignored, people are automating even faster. Brokerage firms are automating their margin calculations engines to allow investors access to larger funds. Housing finance companies are digitizing the whole buying and home closing experience. Overall, firms are looking at accelerating their move towards Cloud for cost and security reasons.