Banking agility: Aligning tech spending with business strategies

Financial institutions need to continue investing in technology if they hope to remain relevant in today’s competitive market. However, establishing business priorities and knowing where to invest can be challenging. There is a lot to consider, such as limited data and resources, external factors in the market, and resistance to change from employees and stakeholders. Throw in the outdated legacy systems many financial institutions are dealing with and you’ve got another stack of challenges to factor in.

A recent study for business leaders on banking agility surveyed 164 employees from various banking institutions with knowledge of or involvement in their organization’s tech investments. Respondents were asked questions about their top business priorities, transformative technology, and the role of fintech companies in future innovation. Arizent’s Senior Industry Analyst, Michael Moeser, and FintechOS’s VP of Product Marketing, Mike Hughes, sat down to discuss the results. Here’s what they had to say.

Aligning tech spend and business strategy

The survey asked respondents what their top strategic business priorities were for the next two years. Their top five priorities in-order were as follows:


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