As technology continues to advance, our approach to adopting it can sometimes lag behind, resulting in disappointing outcomes. This is especially true in the case of intelligent automation, where many projects have fallen short of expectations, and achieving scale remains a challenge for many organisations.

Organisations are under pressure to remain relevant and keep up with the evolving business environment and uncertain economic climate.

Transformation failure, where benefits of automation are not fully realised, is a common problem for financial services players. Yet, firms keep taking on digitalisation programs without addressing the reasons behind the failure.

The move towards shorter settlement periods in Europe and the UK is inevitable; the US and Canada are expected to move in 2024, and China and India are already following T+0 / T+1 settlement cycles.