Synechron Survey Determines Regulation Remains Top 2017 Financial Services Priority March 29, 2017

Synechron Inc., the digital, business consulting and technology services provider, has today announced its predictions of top Financial Services Trends for 2017, supported by survey data from TABB Group. The survey of over 200 senior-level, global financial services business and IT decision-makers across the U.S. U.K. and Europe found 38% of respondents placed Regulation as their top priority for 2017, followed by Data Management (14.4%), Systems Integration (10.6%), Artificial Intelligence (AI) (9.7%) and IT Business Transformation (8.3%). These results clearly show that while digital innovation remains a long-term priority over the next five years, businesses need these programs to achieve pragmatic results for them in 2017.

“While digital innovation is at the heart of our business, financial services firms need immediate solutions to the problems they are facing today. Regulation, cost-pressure and out-dated technology systems and operations are part of almost every client conversation, so it is no surprise these items toped their 2017 priorities list. MiFID II, Dodd Frank, Basel II and FRTB are all driving data and IT changes within organizations and have paved the way for firms to reimagine their business architectures and embrace established techniques in artificial intelligence, systems integration best practices and design thinking. 2017 will be a year where technology is asked to offer tangible business value at an enterprise level.”

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