The past years have shown intense growth in the field of digital transformation, which has revolutionised the way companies conduct their business. Adapting to this is a crucial area for any company to not just survive but thrive. With potential benefits including streamlined processes, cost savings and better customer experience – it’s little wonder that industries everywhere are incorporating this digital transition.
Yet, not all corporations achieve a digital switch – or gain what they want out of one – because digital transformation is more than just moving your data to a computer – it is about changing the fundamental way of processing that data. SnT’s recently launched Finnovation Hub is working to identify key areas in the digital transformation of Luxembourg’s financial sector, to help companies address the key challenges facing them today.
In this article with Paperjam, Dr. Jean Hilger, head of SnT’s Finnovation Hub, discusses the constraints that come with digital transformation and potential FinTech solutions, such as smart contracts, that can help companies operate more efficiently.
Read the full article in French here.