You’re watching a top moment from the Industry Cloud Battleground Week highlighting the financial services industry. This five-day digital event, which premiered in November 2021, delivered insights to inspire, educate and engage business and technology leaders who are actively defining their industry-specific cloud strategy.
Highlights
00:09 – Workday has solutions that have been deployed across banking, capital markets, investment management, and insurance. Although the disruptive forces impacting these segments are relatively the same as the past several years, the magnitude and severity of them have increased due to the current economic climate.
00:36 – Financial services organizations are bracing for a prolonged period of weak investment returns. Additionally, there’s much market volatility and uncertainty particularly within the insurance segment.
01:01 – The second area of disruption revolves around the operational span that continues to rise within financial services, such as the cost of talent.
01:25 – As external opportunities grow businesses to diminish financial services, firms will have to consider how they optimize their operational spend and determine how to create paths to profitability.
01:55 – The third area of disruption involves the hybrid workforce model along with the talent acquisition and retention workforce that comes with it.
