The FinTech revolution offers private banks the unprecedented opportunity to benefit from digital technologies, innovate and transform their business. Banks taking up the challenge of collaboration – with FinTechs as well as other strategic partners – stand a good chance of finding the way forward.
Information technology (IT) is the backbone of most of today’s businesses. Unfortunately the value generated by IT investments is not adequately recognized by many organizations. IT is still seen as a cost driver, rather than an equal partner and value creator.
In an uncertain and challenging economy, organizations are seeking an approach to internal audit that goes beyond reviewing past activities. Instead, they want internal audits to be insightful, forward looking, and go beyond preserving current structure to creating value on a departmental, divisional, or organization-wide level.