The financial services industry is shifting due to new technologies and customer needs,  The Institute of International Finance and Deloitte have collaborated to explore digital transformation in financial services, for a series called Realizing the digital promise.  We look at how people are using digital, the challenges they are facing, and considerations for the ways forward.

The fifth paper in the series, Realizing the digital promise: Call to action, curates the actions that financial services ecosystem players need to take to tackle the barriers to digital transformation.

When exploring the topic of digital transformation, we have spoken with more than 200 senior and C-suite executives, transformation leaders, thought leaders, investors, regulators, and government officials from across the globe.

In this paper we have identified four overarching actions for the private and public sector to consider in order to realize the digital promise. They are:

Read the other papers in this series to learn more about the challenges, enablers, and partnerships which can help firms to optimize the potential of digital technology on your business.