Hitorically, financial services companies have not been on the frontier of innovation. On the contrary, in the current era of digitization, too many companies think they have enough time to adapt to this new environment. In many boardrooms ‘digital’ is still associated with selling products over the Internet or cost-cutting. But this is only half the story. Digital transformation impacts the entire enterprise. It is about the way a company assesses risk or how it automates its service functions. It is how sales are supported digitally by tablets, for example.
A recent Mckinsey report stated that for the simple financial products, digital channel use in Europe will rise to an average of 35%. Moreover, the total cost reduction could run up to 20% percent when the benefits from digital transformation are factored into the equation. That is why it is important that financial services companies start assessing what digital transformation could do for them….
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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.
Kenneth Carnesi 
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