In the financial services community, technology has often served as a catalyst for modernization

then in recent years marrying fresh tools with decades-old processes.

People can apply for insurance policies over the internet, transfer money via a banking app and reject fraudulent credit card charges with a simple text message.

Processes that were once completed over days are now executed on the go.

On Monday, Microsoft CEO Satya Nadella joined some of technology’s most respected forward-thinkers, and leaders from the financial services industry, at the FinTech Ideas Festival to explore how digital transformation‘s  new technologies like the cloud, artificial intelligence and blockchain are driving industry-wide digital transformation, and bringing with them profound change and significant benefits.
Photo: Ajaypal “Ajay” Banga, CEO of MasterCard, with Microsoft CEO Satya Nadella at the FinTech Ideas Festival on Monday, Jan. 9, 2017.

Source: The financial services industry is banking on digital transformation