Financial Firms Speeding Tech Adoption Due to Pandemic: Survey
July 7, 2020 by Jeff Berman
COVID-19 is accelerating the digital transformations of broker-dealers and other financial services firms, who expect to continue accelerating their technology investments as a result of the pandemic, according to the findings of a new Broadridge Financial Solutions study released Tuesday.
Almost all of the C-suite executives from 500 firms surveyed for The Broadridge Next-Gen Technology Pulse Survey said they expected changes to their operating models and next-generation technology strategies as a result of the pandemic, according to Broadridge.
Just 1% of those polled said they didn’t expect to make any changes, Broadridge said. However, only 10% of those surveyed said they expected a high degree of change requiring large-scale changes. In comparison, 45% of those surveyed said they expected to make a moderate degree of change, and 44% expected to make only a few minor changes.