Key Challenges and Hazards of Digital Transformation of Financial Services Sector

Originality/value: This paper provides insights into the challenges faced during the transformation process. While physical transformation took place with the help of developing technologies, the main challenge lay with the people - both practitioners and customers. This paper highlights the need fo...

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Veröffentlicht in:Global business and management research 2022-04, Vol.14 (2 SI), p.39-50
Hauptverfasser: L., Sweetline Sujee, Solanki, Rima
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description Originality/value: This paper provides insights into the challenges faced during the transformation process. While physical transformation took place with the help of developing technologies, the main challenge lay with the people - both practitioners and customers. This paper highlights the need for a holistic change management approach for the outcomes to be valuable.
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source EBSCOhost Business Source Complete; EZB-FREE-00999 freely available EZB journals
subjects Artificial intelligence
Business services
Coronaviruses
Customers
Digital transformation
Digitization
Employees
Financial institutions
Financial instruments
Financial management
Financial services
Leadership
Liquidity
Organizational change
Pandemics
Retail banking
Wealth management
title Key Challenges and Hazards of Digital Transformation of Financial Services Sector
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