Our CEO Jerry Young spoke to Fintech Zoom about how vital it is to be aware of the latest cutting-edge developments affecting the financial technology sector.
This includes digesting the results of the latest surveys which come along on a regular basis. One such survey was released just the other day, from Lloyds Bank, which has found that UK financial institutions are increasingly turning to technology to combat the rising costs of living. The study found that 75% of UK financial institutions are expecting costs of operations to rise in the next year due to the cost-of-living crisis, while 72% believe that investing in technology will lessen the effect of cost increases, and it is predicted that 71% of financial organisations will invest in core technology within the next year.
The key takeaway from this is surely that technology is vital. Read the full article here: