Technology detail

Digital transformation reshapes financial services industry


Usually characterized as conservative and resistant to change, the financial services industry has been challenged by financial technology (fintech) companies that compete by combining digital technology, social media, and big data analytics to replace traditional models with innovative, data-led approaches and modernized IT infrastructures. However, many financial services companies are burdened by obsolete, proprietary systems. To stay competitive, the financial services industry and its CIOs are increasingly turning to digital transformation to improve their IT infrastructures. In this partner solution detail, learn how Intel and Red Hat have collaborated to develop hardware and software solutions that support digital transformation.