The New Growth Imperative
Cutting Through Complexity in the Financial System
Created in partnership with BCG
Exponential growth in complexity will continue.
The challenge—and opportunity—lies in our ability to navigate this complexity without adding excessive layers of complicatedness. The good news is that as both external complexity and internal complicatedness have grown, so have the solutions to help manage them.
Complexity & Complicatedness are on the Rise
Top 5 Challenges Characteristic of Excess Complicatedness
"By leveraging modern technology and embracing a systems-based approach, we can unlock significant efficiencies and foster a more resilient and innovative ecosystem towards the dual goal of resilience and growth."
Key Findings
The Opportunity is Significant
The very same solutions that sit at the core of the complicatedness challenge will serve as the foundation for success in tomorrow’s AI-enabled world. As such, effectively addressing these challenges today could protect and reinforce competitiveness well into the future.
The Time is Now
of Risk and Compliance (R&C) leaders across industries believe they have “implemented solutions that are fully effective” to address increased complexity.
of bank R&C leaders are comfortable leveraging cloud infrastructure.
of industry professionals have a preference to build software solutions in house.
"The transformative potential of AI will redefine every industry—including the financial industry—in the years ahead. The very same solutions that sit at the core of the complicatedness challenge will serve as the foundation for success in tomorrow’s AI-enabled world.”
From Complexity to Clarity
/
4
