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Information Services Group, Inc.: U.K. Banks Adopt Digital Platforms to Compete with FinTechs
LONDON, Dec. 22, 2020)), a leading global technology research and advisory firm.
The 2020 ISG Provider Lens
Banking Industry Ecosystem Report for the U.K. finds banks in the country interested in cloud-based core banking systems, instant payment technologies, automated anti-money laundering services, and API-led applications. The COVID-19 pandemic has accelerated adoption of digital platforms in the U.K., with both banks and merchants pushing for a cashless society.
The pandemic has fast-tracked the move in the U.K. toward online transactions, said Bryn Barlow, ISG partner based in the U.K. and co-leader of the firm s EMEA BFSI industry practice. Banks are looking for better coordination between their own platforms and their customers digital information and records. ....

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