Back-office transformation: Closing the gap between ambition and action

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A global survey of more than 500 BFSI executives — conducted by HFS Research in partnership with Iron Mountain — revealed a high intent to modernize but slow progress in execution.

June 18, 20264  min read

Back-office transformation in banking, financial services, and insurance (BFSI) has become a race against time. Advances in AI, evolving regulations, and changing customer expectations are redefining the operational core. A global survey of more than 500 BFSI executives — conducted by HFS Research in partnership with Iron Mountain — revealed a high intent to modernize but slow progress in execution.

The harsh reality

7 truths leaders can’t ignore

BFSI leaders have clear digital ambitions, but the reality on the ground tells a different story.

Here’s where the gap is widest:

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