FinTech Magazine October 2020 | Page 26

DIGITAL TRANSFORMATION

ELI ROSNER , CHIEF PRODUCT AND TECHNOLOGY OFFICER AT FINASTRA , DESCRIBES HOW COVID-19 HAS SUPERCHARGED DIGITAL DEVELOPMENT IN THE FINANCE SECTOR

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Prior to the COVID-19 pandemic , the topic of digital transformation was on the agenda for most companies as they developed a strategy for 2020 . The myriad benefits , efficiency enhancements and cost savings made possible by reimagining how people , technology and processes interact on a daily basis were alluring and innovative , but , at that time , not wholly essential to ensuring business continuity .

Coronavirus was the random economic test which no-one could have fully anticipated and as social distancing , remote working and lockdown rules became the norm around the world , companies which had seen the writing on the wall and already adapted to the digital era were the early winners .
Eli Rosner , Chief Product and Technology Officer at Finastra , one of the world ’ s largest fintechs in the world , shares his views on why digital transformation remains one of the core industry trends in modern business .
Officially founded in 2017 through a merger between D + H and Misys , Finastra specialises
OCTOBER 2020