Financial services institutions have been facing pressure to modernize their operations for years. But legacy architecture and processes—along with compliance regulations—have made rapid innovation difficult to achieve. Adding to this pressure are new, digital-first competitors who accelerate the need for financial services to deliver better digital customer experiences both more consistently and at scale.

The power of technology can transform organizations. Technology can create new workplaces and new ways of working—and bring new services and exciting opportunities to businesses and consumers alike. Delivering a major technology program is always a complex journey, full of challenges and, inevitably, a mix of triumphs and setbacks.

Catching up with Nouveal’s CTO and co-founder, Guillaume Fayolle, about the creation of the Covidom application and its role in the pandemic.

To keep up with today’s competitive landscape and with the new normal induced by the pandemic, organizations must modernize their ventures, instigate innovation and be more agile. However, the process of replacing legacy systems isn’t precisely as agile as one thinks it would be. It takes time, and that’s something your company doesn’t have. You need solutions that consolidate years of transformation into mere months.

We are seeing a renewed focus on accelerating digital transformation projects across business ecosystems and workflows within our customer base. These projects are enabling key business outcomes and this organizational transformation has given security and IT leaders the catalyst and opportunity to modernize security operations while eliminating on-premises debt.

As organizations recognize that a digital-first, contactless customer experience model is the future, they are making a considerable push towards modernizing their applications and reducing their technical debt. There are several proven techniques they can apply in order to transform their processes, technologies, and businesses.

Scaling and generating more revenue without necessarily increasing costs is a good sign for your small business. But with the potential to scale by increasing sales volume comes the challenge of keeping the company’s operations and profitability stable. This is why companies emphasize the importance of operational efficiency.

Digital transformation is driving industries to evolve to new dimensions. Mixed reality is one of the key components in the digital reality trends that business sectors a rapidly capitalizing into. It is reshaping almost every conventional way that retailers do business. Many industrial trajectories are responding immediately to give more experiential customer experience with reality technologies such as Augmented Reality, Virtual Reality and Mixed Reality.