Banking on innovation: navigating challenges and strategic partnerships in financial services

The banking sector is undergoing a profound transformation, driven by economic pressures, evolving regulatory demands and the growing need for technological innovation and strategic partnerships to navigate a rapidly changing landscape. To meet these challenges, banks are accelerating their modernisation efforts while ensuring compliance. By adopting innovative strategies, they aim to address operational hurdles, meet rising customer expectations, and shape the future of financial services through collaborations, partnerships and cutting-edge advances. In this National Technology News podcast, senior reporter Silvia Iacovcich is joined by Mike McGovern, global head of technology engagement for investor services at Brown Brothers Harriman, to discuss how banks are navigating today's complex environment, the challenges they face and the rising need for strategic bank partnerships and technology integration to help them remain competitive.