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Data reveals how digital transformation has impacted finance firms

Approximately 11% of finance firms will permanently alter their approach to working in the office, and allow some employees to work from home in the future, according to data from the Xerox Future of Work study. Approximately 11% of finance firms will permanently alter their approach to working in the office, and allow some employees to work from home in the future, according to data from the Xerox Future of Work study.


The study of 600 IT leaders across five countries revealed how the financial sector was impacted by its technological abilities following the COVID-19 lockdown, and how this would impact firms in the future.


The survey revealed the need for technological advancement, after 76% of IT leaders in financial services reported that they were not technologically prepared for the shift to remote working. A further 36% of finance firms said that technology was the biggest issue they faced whilst working from home.


Read more at the International Accounting Bulletin here


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