Accenture Report Reveals Most Banking Board Members Lack Technology Background to Manage Modern Financial Institutions
March 15, 2021 @ 8:36 am By Omar Faridi
Although banking platforms have been upgrading their legacy technology stacks and making substantial investments into their digital transformation strategies, their boards of directors still don’t have the tech-related expertise needed to effectively manage modern financial institutions.
A report from
Accenture reveals that only 10% of board directors and just 10% of CEOs are proficient in using technology. Accenture’s report is based on an extensive analysis of the professional backgrounds of around 2,000 directors of over 100 of the largest banking institutions (globally).