Industry: Financial Services

Why financial services can’t afford to put off cloud migration

This ebook covers how financial services organizations can ensure flexibility, agility, and scalability to stay relevant in a digital-first world.

Key highlights from this ebook

More and more, financial services organizations are turning to the cloud and modern technology as a way to grow their business and generate revenue. Transitioning away from aging on-premises infrastructure has become vital to ensure success in the finance vertical.

  • Only 13% of financial services firms have at least half their IT footprint in the cloud
  • 20% of financial services leaders say revenue increased at least 6% within 3 years of their cloud migration
  • IBM predicts at least 24% of bank’s IT budgets will be allocated to the cloud by 2024

The top 3 integration implementation challenges for finance include: legacy systems, lack of skills, and security.

For banks and financial services providers to succeed, they will need to leverage new tools and technologies to meet changing consumer demands – while also maximizing efficiency and boosting their bottom lines. Technology impacts convenience, profitability, efficiency and security in financial services.

Benefits of cloud of migration for financial services

  • Enhanced customer experiences meeting the rapid response today’s client’s expect
  • Improved decision-making with readily accessible, standardized data
  • An edge over the competition with automation, AI, other new tech tools
  • Increased efficiency of processes, decreasing the risk of human error
  • Preparation for the future – the longer organizations wait to move to the cloud, the more difficult it will be to maintain legacy systems

Digibee optimizes and simplifies cloud migration

  • With an established record of success helping financial services organizations quickly and painlessly move to the cloud, Digibee reduces cloud migration risks and optimizes your strategy.

Download the full ebook

2023 State of Enterprise Integration Report for Financial Services

An examination of the findings of the 2023 SEI report through a finance industry lens.

About the report

Digibee surveyed over 1,000 enterprise IT professionals in the first quarter of 2023 to provide insights into integration patterns, challenges, and opportunities in our annual State of Enterprise Integration report.

Modernizing financial technology solutions is a necessity for an industry long dependent on legacy systems. Data privacy, fragmented systems, security and compliance – there is no shortage of challenges for this industry. Without a truly connected environment, financial organizations are unable to innovate, curtailing their efforts to digitally transform the business and—most importantly, the experiences they deliver to their customers. This report aims to help financial organizations understand how successfully connected operations leads to innovation and improved experiences.  

Key highlights from the financial services report

The 2023 State of Enterprise Integration for Finance offers some unexpected revelations about the industry’s progress:

  • 79% say they experienced more downtime than expected during integration
  • Dependence on legacy systems and a lack of skills is holding many financial organizations back
  • 74% report needing integration to address as much as 60% of their IT backlog and ecommerce migration needs
  • 71% of IT execs are adopting, supplementing, or replacing their enterprise integration solutions in 2023

Efficient and effective data management in financial services is vital to success. But integrating new solutions with aging architecture is a challenge – and those unable to evolve are falling further and further behind. 

Assess your organization’s state of integration

Download your copy of the report to get industry-specific insights and expert analysis on current integration goals, challenges, and opportunities.

Why Digibee is Right for Your Organization

An overview of what you can expect from a demo with our team. When given the chance to show our potential value, most organizations choose to partner with us.

Do you agree with these statements?

  • You get a lot of offers to evaluate technology products and services
  • When you’re invited to demo a product, the invitation is usually vague at best
  • Digibee probably hasn’t been on your radar for very long
  • You can’t afford to waste time

To save you time and to best show you how Digibee can accelerate your integration strategy, learn more about what you can expect from our sales team and solution architects as you explore Digibee, including:

  • How we work to understand your challenges and showcase how Digibee’s integration platform can help
  • Our process to personalize your demo and integration plan specific to your priorities and tech stack
  • How we work with you to prove our value

Learn more about our engagement process with this helpful overview or schedule a demo with our team.

FinTech Case Study

Digibee enables a fintech company to sell a new insurance product in their new mobile application with an implementation in just under 45 days.

Digibee for Financial Services

Digibee’s enterprise iPaaS innovates at scale with modern integration architecture that enables organizations to achieve their critical business objectives.

Enterprise integration redesigned for Financial Services Organizations

Take a look at this overview for financial services organizations highlighting how enterprise integration is a key ally in helping achieve critical business objectives.

Key Highlights

According to Gartner, banks and investment firms were on track to spend $623B on technology products and services in 2022. The fastest-growing category? Software, increasing to $149B.

To fast track innovation, Digibee’s integration platform leverages:

  • Cloud native: resilience and high availability for all financial data flows
  • Full lifecycle: ecosystem-driven integrations built on top of existing capabilities
  • Low code: expedited financial services IT projects to reduce costs and technical debt

What matters is the data flow — it doesn’t matter what financial services systems are involved or where the data resides. Digibee enables the flexibility to define what to do with your data.

Download this guide to understand more about how Digibee’s integration solution transforms your infrastructure, solving complex integration challenges across critical systems while increasing productivity and profitability.

Digibee Integration Platform and Its Market Context White Paper

The Digibee methodology enables integrations between systems by focusing on the data itself rather than on the components and connections.

About this white paper

Systems integration and the exposure of APIs are complex processes that rely on technical teams and IT tools to connect on-premises and/or cloud systems, requiring knowledge, skills, and a high level of security.

Digibee drastically reduces the complexity, enabling integrations between systems by focusing on the data itself rather than on the components and connections. The methodology Digibee has crafted ensures companies have knowledge and control over their data in an agile, simple, and efficient way, while maintaining a focus on future-proof architecture.

Key highlights

Understand the digital transformation challenges organizations are facing and the role of integration:

  • Learn how the right integration solutions enable innovation instead of slowing it down
  • Get an overview of Digibee’s integration platform offerings including intuitive UI, components, cloud-native architecture, automation features, API management, event-driven architecture, support and delivery model, and more
  • Understand the features and capabilities of the integration lifecycle and how they apply to your organization

The benefits of Digibee’s iPaaS

Digibee allows you to reduce the complexity of integrations, so you can focus on your core business
values and strategies while leveraging benefits such as:

  • Robust integration architecture — based on a SaaS Platform
  • Time to Market — impacting the success or failure of organizations and/or strategies
  • Cost reduction — reallocate your development investment to another business priority
  • Operation automation — ensuring accurate data with resilience, scalability, persistence, security and robustness
  • Reduce the impact of integrations on your team – any developer can use the platform, no need for months of training and certification to competently manage an integration platform

Download Digibee Integration Platform and its market context and learn more about how our innovative model and approach to integrations focuses on data flows rather than components and connections, leveraging your organization’s power for more effective data management.