The Impact of Technology in Financial Services Today

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In today’s world, data is a constant. It empowers organizations with the intelligence they need to predict better business outcomes and make better business decisions. It is a constant that is shaping the way different vertical industries operate. And for financial services, the data revolution is finally here.

In fact, financial services firms are facing exponential data growth. When managed correctly, this new abundance of data is paving the way for innovative ways to connect the world globally.

The infographic below paints the picture of data’s impact on the financial services industry and the new and improved services firms can now offer. From enabling low-cost financial services worldwide to streamlining financial transactions through the cloud to helping detect fraud before the issue escalates, data is positively transforming the way financial firms operate and the way consumers behave.

 

This data transformation means that within the last three years, we’ve digitalized our wallets and can choose to pay with our smartphones. We can access bank accounts even when we’re thousands of miles away from our home branch. Transfer money to our loved ones across the globe takes just a few clicks. It even means we no longer have to carry cash for our taxi rides.  

Data will continue to grow and it will continue to grow at an exponential rate. Find out how NetApp’s Data Fabric vision gives financial service customers the freedom to seamlessly move their data to where they need it most and innovate quickly.

 

Data Fabric is NetApp’s vision for the future of data management. It gives you the freedom to seamlessly manage your data across the hybrid cloud. You can move data where you need it most, innovate faster, and always make the best decisions for you and your organization.

 

NetApp - Data Fabric