Banks still lack tech skills at the top
Banks have made progress in adding IT knowledge in their boardrooms, but they need more as digital transformation accelerates
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Published: 16 Mar 2021 10:55
Only one in 10 board directors in the traditional banking sector have professional technology experience and one-third of big banks have no tech knowledge in the boardroom.
These findings, from Accenture research, reveal a worrying lack of expertise at a time when banks are investing heavily in tech to keep pace with current trends.
Financial services businesses are being transformed by the use of financial services technology, known as fintech. “Despite the significant increase in the adoption of digital technologies over the past few years, there is a continued lack of technology expertise and digital fluency in the boardrooms of the world’s largest banks,” said Accenture.