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Cloud Takes Center Stage at 2023 Bank Automation Summit

Perficient Digital Transformation

For these reasons, Gartner predicts that by 2025, 85% of enterprises will have a cloud-first principle. However, due to their sensitive and regulated natures, some industries – especially the financial services industry – have had more complicated cloud transformation journeys than others.

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Applying cyber resilience to DORA solutions

IBM Business Partners

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. Notably, DORA also applies to some entities typically excluded from financial regulations.

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For the planet and people: IBM’s focus on AI ethics in sustainability

IBM Services

In 2023, we announced a new commitment to train 1,000 technology suppliers in technology ethics by 2025 , and we are well on our way. Regulations might compel some responsibility, but developers and users must consider people, planet and profit across their use of AI.

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Navigating the New FINCEN Reporting Requirements: Beneficial Ownership Information (BOI)

inDinero

It is crucial for businesses to stay compliant with regulations, and a significant change is on the horizon. This new regulation is aimed at promoting transparency and combating financial crimes. The filing deadlines vary: Companies existing before January 1, 2024, have until January 1, 2025.

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The Rise of Cloud Marketplaces

Zinnov

In fact, it is estimated that by 2025, 60% of the Forbes’ Cloud 100 providers will actively participate as marketplace sellers, highlighting the widespread adoption and significance of this emerging business model.

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Time for Change – International Payment Transformation

Infosys Consulting

Regulation, Compliance, and Privacy – Data protection, compliance, and identity theft (e.g., KYC) are increasing concerns for consumers and regulators. In addition, government regulation is increasing, focusing on sanctions, knowing your customer, and anti-money laundering. central bank digital currency (CBDC)).

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The top digital transformation trends in 2023

The Scalers

Servion estimates that by 2025, 90% of all companies will undergo digitalisation. According to Tractica by 2025, companies of all sizes will invest €116bn in AI. Organisations including Amazon and Meta have already felt the wrath of regulators for failing to comply with regional security standards. ransomware attacks.