FIS research reveals a slowdown in use of emerging technologies in APAC, despite their role in accelerating growth

New research released today from financial services technology leader FIS has found that confidence amongst financial services firms based in APAC has grown for the second year in a row.  However, the research has also revealed mixed progress towards making the transformation of technology and operations needed to catch up with the growth demonstrated by global leaders.

Key findings from the research include:

With global leaders growing at an average rate of 3.3% and APAC firms at 1.43%, the FIS research strongly suggests that embracing emerging technologies is central to achieving growth.

Sanjay Varma, Group Managing Director for APAC, Middle East and Africa at FIS, said: “Though confidence is high amongst financial services firms in APAC, our research suggests this may need to be backed up with urgent action and a faster pace of transformation.  The firms we have identified as global leaders are outpacing their counterparts in Asia in the technology transformation that is defining the future of financial services, and their revenues are growing over twice as fast as a result. Firms in this region need to embrace emerging technologies to catch up.”



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