Is Disruption Always A Part Of Modernisation?

Due to evolving economic pressures, ADB revised its 2023 growth forecast to 4.7 percent for ASEAN as global demand weakens. As such, the financial services sector must pivot their digital transformation efforts to lower costs, boost operational efficiency, and provide modern user experiences while maintaining strict regulatory compliance.

Modernising IT infrastructure is a vital step in digital transformation- but it is known to be a costly, time consuming, and risky project. How can the financial services sector move to modernise their IT landscape successfully and cost-effectively?