Digital-only banks are becoming more commonplace with trends suggesting that within five years, 23.2 million people in the UK will use a digital-only bank – that’s 44% of UK adults. As it stands, only 12 million have a digital-only bank account so clearly the rate of uptake is expected to be very rapid*.
The Data Management Summit is a London-based event which explores how financial institutions can use data management strategies to meet regulatory and compliance expectations, enhance operational efficiencies and increase transparency to deliver on business outcomes.
How can the UK’s financial services industry harness business process tools to manage operational resilience?
The UK’s financial services industry is one of the leading global financial centres and as such, vital to the UK economy. The industry is facing new challenges and pressures with modern uncertainties such as Brexit. This coupled with new entrants to the market mean it is more important than ever for legacy institutions to embrace new technologies to improve methods of working.