Global investment in financial technology (FinTech) ventures tripled to $12.21 billion in 2014, clearly signifying that the digital revolution has arrived in the financial services sector. It is still unclear whether this presents more of a challenge or an opportunity for industry incumbents, but established financial services players are starting to take bold steps to engage with emerging innovations.
At Accenture, we wanted to map out the activities that established players believe could allow them to reimagine themselves digitally. In our interviews with 25 influential financial services executives involved in innovation, we discovered three common themes:
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