May 24, 2018

Digital Transformation of Banks Creates New Business

Italy is the fourth largest banking market in Europe. Around 90 % of the banks are currently investing in digital transformation. 

Category: General
Posted by: Marjaana Karjalainen

Italy is the fourth largest banking market in Europe with 600 banks. Digital transformation is currently shaping the industry. In the study conducted by the Italian Banking Association about 90 % of the banks state that their investments in innovation will increase or be stable in 2018 compared to the previous year. This has created concrete business opportunities for suppliers of digital technologies and solutions.

Digitalization strategies focus especially on migration to digital banking:  Development of new services, branch automation, better data management and updates of IT architectures to support the digital evolution are the cornerstones of the transformation of the sector.

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