Driving innovation and agility in FSI with data and open-source technology

Driving innovation and agility in FSI with data and open-source technology

The banking and financial services (FSI) industry has undergone a massive shift in the past few years as well-funded, tech-savvy fintechs entered and disrupted the market, expanding the boundaries of open banking. As a result, more and more FSI companies are turning to open-source technologies to enable their digital transformation.

Data is the key to unlocking continued growth and success in FSI, and intelligent management is crucial. Open-source databases offer companies the agility and flexibility they need, but migration is no simple task. It is imperative that companies have a firm understanding of their own use case, data requirements, and technological gaps.

• What challenges do FSI companies face in digital transformation? How can open-source technology solve these problems?
• How can companies construct a proper database strategy? What should take priority?
• What can organizations do to prepare their teams and operations for migration? How can disruptions be minimized?