Today, when capital markets are pacing by means of e-commerce transformation, there’s a genuine face in the direction of current economic companies to precise digitalized monetary models in addition to bringing a change in the economic index of the nation. Digitalization has to turn out to be a catchphrase today and essentially change. Great finance leaders like Eric Anklesaria define that digital conversion is able to allow active worth release land in the direction of approved potential transformation Eric is currently associated with Nangia Andersen which is a member firm of Andersen Global.
Having more than 20-plus diverse industry experience in solving complex financial and operational issues, Eric Anklesaria believes that with cutting-edge digital levers, our capital markets can significantly contribute to achieving higher cost-saving and maximizing efficiency. Take a look at how he defines capital markets can pick up the pace through digital transformation.
How can Capital Markets start pacing with Digital Transformation?
Invest in appropriate IT architecture
According to Eric Anklesaria News, there’s a huge need for targeted banks to proceed with greater decentralization. To find top routes to achieve digital success in capital markets, banks should also need to invest in appropriate supporting IT architecture. There’s a need to develop tightly aligned IT architectures to emphasize data integrity and embed risk and compliance processes. Eric Jimmy Anklesaria further suggests four immediate priorities which banks can assess to improve their digital position. These include:
- Careful consideration of digital strategies
- Align fully-digitized operating models with cross-functional capabilities
- Build the innovation pipeline
- Operations and technology stack required to be automated
Equip Staff with the Right Tools
They have to correct accessories that help in collaborating with contrasting organizations plus manufactured goods. Equipping your staff with the right tools offers firms to sustain themselves in the current remote, hybrid, and distributed workforce environment. Through this, organizations can enable cross-sharing of alteration thoughts. Eric Anklesaria advises that by creating digital solutions, monetary companies be capable of setting up an establishment in favor of a making civilization in quick finishing with the intention of much advance compact change time travel.
Adopt a Strategic Approach to Digitization
According to Eric Jimmy Anklesaria, firms that are following a true digital transformation approach are still, no doubt, introducing many new technologies into their ecosystems. Starting obscure computers the original data toward mechanism knowledge as well as computerization, all these digitized approaches are important to introduce a more agile foundation moreover to construct a roadmap to success. These top digital transformation strategies defined by Eric can help tomorrow’s enterprises to come up with creative solutions to level up their business in this digital age.
- Leveraging proven and used digital technologies
- Improve the level of cyber security
- Invest in Digital Initiatives
- Hire the right people with the right jobs
- Develop user-friendly digital systems
- Use Data Analytics
- Embrace Digital Transformation in Corporate Policies
- Create Integrative Digital Solutions
Cross-Product Infrastructure
The contemporary resources marketing industry requires a still-varying narrow land to sustain growth in the long term. According to Eric Anklesaria News, the industry must adjust and create enterprise-level roadmaps toward employment, project-point danger as well as asset organization work. Capital market firms need to implement inbound marketing strategies for cross-product selling as it provides the ideal environment for cross-selling. Firms must be sure that they do this effectively and intelligently by using digitized methods.
Eric Anklesaria defines the impact of Digital Transformation Trends
Eric explores that digital transformation has brought revolutionary changes in traditional financial services. With integrated digitized solutions, capital market firms can bring automation to various business operations and elevate the customer’s experience. Today, when more and more financial institutions are embracing FinTech in their existing systems, the industry is gaining ground exponentially and is expected to grow by 25% to 30% by 2025.
There’s a prediction by the great financial services expert Eric Jimmy Anklesaria that the future of financial services is extremely bright in India with the introduction of revolutionary techniques like AI. These companies will attribute 19% monetary growth to their AI initiatives in the coming years. Moreover, he further defines transformations through blockchain. According to him, this robust technology can transform the key processes of financial companies effectively and can also develop a strong infrastructure for capital market firms. With the advent of innovative digital payment solutions like PayPal, Google Pay, ApplePay, etc. the customer’s paradigm has shifted to conventional digital services. Eric Anklesaria explains that these innovative products have also inspired various FinTech startups to come up with user-friendly solutions for online transactions. The motivation Eric has spread in the finance world over the years has inspired numerous young talents in the nation and he is consistently motivating the FinTech sector and capital market firms to go with disruptive technologies to bring more and more innovative FinTech products to the market.
