Accelerating ahead: How data, advanced authentication and strategic moves redefine business landscapes

by | Jun 29, 2023 | Financial Services, Retail, Technology

Imagine the reins of your business transformation in the hands of a seasoned expert. One who knows how to navigate the intricate landscape of today's dynamic financial markets and -driven processes. This is not just a distant dream but an attainable reality.

The Need for Speed: Accelerating Data Onboarding and Analytics

Time is money, especially in the world of finance, where high-speed data processing can significantly impact your bottom line. It's not surprising that market participants are pushing hard to accelerate data onboarding and analytics.

  • An increase from 30% to 50% has been observed in firms looking to speed up their onboarding process over the last two years.
  • This is catalyzed by an exponential increase in data volume, which has doubled every two years since 2010.

“The rate at which we are collecting data is increasing much faster than our ability to bring it onboard,” observes Jim Ruddy, a known figure in this field.

A New Era: Advanced Authentication Driving Future Growth

From facial recognition to fingerprint scanning, advanced authentication methods are becoming ubiquitous – thanks largely to their adoption by firms. In fact, evidence suggests that these advanced authentication methods could drive future growth. Here's what you need to know:

  • The market for advanced authentication solutions is projected to grow at a CAGR of 15.3%, with leading the charge.
  • North America currently dominates this market due its stringent regulations and increasing cybercrime rates.

“Advanced authentication techniques provide security and convenience – essential factors for today's fast-paced world,” opines industry analyst Sandra Witzel.

Making Strategic Moves: Discover Financial Services Outperforms Market

The metamorphosis unfolding within business landscapes makes it vital for organizations to strategize their moves smartly. Savvy organizations like Discover have demonstrated how strategic decisions can lead them ahead of competition.

  • The company saw its shares surge by 4.98% against S&P's gain of just 0.91%.
  • This impressive performance was fueled by strong trading activity coupled with transformative strategies.

“Staying agile and adapting quickly are key determinants in staying competitive,” says David Nelms, former CEO of Discover Financial Services.

In conclusion, as businesses adapt to these changes – accelerating onboarding processes, implementing advanced security measures or making astute strategic decisions – there remains an underlying need for guidance through this transformational journey.

Remember though – adaptation isn't just about keeping pace with change; it's about anticipating it too.

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