Financial services firms are coming in for some sharp criticism from analysts. In a report HFS released in collaboration with Infosys, opened with: “What is the current market reality? In a word, cluster****, or, more gently, a tale of two cities.”
HFS discusses the stages that BFS (banking and financial services) firms must go through as “Horizons”. It says that “aging legacy systems a dearth of talent, and a general unwillingness to change make it harder than it should be for BFS firms to get the desired impact from emerging tech.”
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