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Digital Transformation for Financial Services industry

Global banking is moving from a wave of boom-to-bust credit to a transformation defined by digital. Many banks have embarked on a digital journey and are exploring the purpose of the digital transformation. In most cases, getting digital is defined as

While most industry pundits agree that digital innovation in banking offers both potential rewards and costs, they however predict that revenues and profits that will eventually migrate to banks who

It is widely believed that businesses that resist the digital revolution will be severely penalized by customers, financial markets and in some cases, regulators. A recent McKinsey study reveals that digital laggards could see a profit erosion of close to 35% while digital companies could possibly see a profit upside of 40%.


Globally, banks are embarking on transformation projects that will enable them to embrace the digital world. While much of the compulsions to undertake such sweeping changes are driven by the explosion of consumer technology, banks however are taking small and significant steps on the transformation trajectory. Bulk of the digital transformation projects today consist of

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Prescience Tech FZE
PO Box 233760
DTEC, Dubai Silicon Oasis
Dubai, UAE
Telephone: +971 4 2616399
Email: info@presciencetec.com
Prescience Tech
Office 1936
Level 22 West Tower
Bahrain Financial Harbour
Manama, P O Box 20705
Telephone: +973 17503134
Fax: +973 17502828
Email: info@presciencetec.com