Insights

The member firms of Cordence Worldwide make waves. Browse through our white papers, media, and perspectives.

  • The Impact of Digitization on the CIOs of Financial Services Providers

    15 May 2015
    Horváth & Partners, Member Firm (Germany)

    The topic of digitization has triggered widespread discussion about the changing business models of banks and insurance companies. The use of new technologies such as Big data, cloud computing, social media or mobile computing reduces market entry barriers. New competition is coming from financial services start-ups, called FinTechs, and technology giants from other industries (e. g. Google, Apple, Vodafone). Both groups are capturing share in traditional market segments or are reinventing markets altogether. Shadow banks and niche financial services providers are continuing to ramp-up competitive activities, putting considerable pressure on the CIOs of banks and insurance companies to act.

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