It’s clear that generative AI opens new doors to create greater value for customers, the benefits of which are already dramatic across industries. In the unique case of financial services, generative AI also opens opportunities to address global problems that have long challenged almost every segment of society.
In every industry around the world, the past several months have seen organizations adjust to challenges, pursue new business opportunities, and accelerate their digital capabilities in the face of the pandemic that has reshaped our world. Disruption demands the capacity to turn challenge into opportunity. In today’s world, this capacity is built on a strong
2021 has been an incredible year of change for the financial services industry. We saw organizations across financial services accelerate digital innovation at a record pace. This has also been an important year for us here at Microsoft. We launched Microsoft Cloud for Financial Services and made significant advancements with the industry’s leading SIs and
Expectations around digital experiences in the financial services industry are increasing at an accelerated pace—bolstered by the pandemic and an onslaught of disruptive innovation. Industry leaders view modern digital experiences as the “next frontier” to gain insights, collaborate, and sustainably differentiate across customer and employee experiences. As part of our commitment to enabling this industry
Introducing the Microsoft Cloud for Financial Services offering I am thrilled to be sharing more about the partner opportunities available with the Microsoft Cloud for Financial Services, generally available on Nov 1. This industry-specific cloud introduces new capabilities that add to our existing public cloud offerings and in combination truly unlock the power and value
The theme of last week’s Sibos 2021 financial services event was “Recharging Global Finance — the digital journey evolves” — with the opportunity to debate how to recharge global finance and accelerate change for the better. It was a very fitting and thoughtful discussion, given the seismic shifts within the financial services industry. As we
The pandemic cemented the value of digitization and digital channels in the financial services industry—and created new expectations with customers and employees. In talking with our customers every day, financial services organizations have increased focus on how to accelerate their digital agendas to better serve their clients and empower employees, while at the same time
In Asia, as in other regions, there’s rapidly-growing adoption of artificial intelligence (AI) in the financial services industry, with more than 60 percent of financial services organizations already accelerating their pace of digitalization in response to the pandemic. Spending on AI by the financial services sector in the region is estimated to reach $4.9 billion
Over a year into the pandemic one thing is certain, as Satya Nadella said in our third-quarter earnings call, “Digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning.” This is especially true in the financial services industry, which unlike in 2008, not only weathered the external economic shock of the pandemic
The past year has brought dramatic change to almost every facet of our lives. We have seen the same disruption play out across every industry, from retail to healthcare to financial services. Customer expectations are fundamentally altered, and it’s hard to imagine things going back to the way they once were. As organizations work to
COVID-19 has had a significant impact on almost every industry, and financial services was no exception. Dramatic shifts in consumer spending and banking habits led financial leaders to adjust their customer experience (CX) strategies to better accommodate their customers’ needs. By leveraging digital solutions and other innovative ideas, including debt relief and cash rebate programs,
In our digitally connected world, artificial intelligence (AI) is a priority for many industries. Adding intelligent security, analytics and more to your business can be a major differentiator. Financial institutions in particular are poised to benefit from the opportunities afforded by AI—however, it’s essential that the industry uses AI in a responsible manner.
Amid the relentless challenges of 2020, the wheels of the financial industry kept turning. At the root of it all is the historic acceleration of digital technology in the pandemic. It’s what enabled the financial services workforce to keep working and servicing its customers and to do so in new and improved ways. The crisis made the question of how “all-in” to go to the cloud all but moot. Digital transformation became less a choice and more of a necessity.
