How are Corporates mapping their digital strategy?

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Building the future: Digital transformation

In recent years digital transformation has emerged as one of the topics that occupies businesses’ agenda the most.  Companies have been investing in digitalization in all areas from finance to human resources, from supply chain management to production. 

According to Ernst & Young's Global Banking Outlook Survey1, banks operating in Turkey are planning to increase their technological investment budgets by 27.8 percent within 12 months. In Turkey, 50% of bank executives report that they are investing in artificial intelligent, Internet of Things (IoT), and cloud computing, and those investments will grow within the next three years while 75% report investment in cyber security technologies, with a gradual increase over years.

Similar to banks, investment plans and business strategies of companies also tend to focus on technology to develop more digital systems and processes. Ernst & Young's Digital Deal Economy Study2 of more than 900 executives in 26 countries demonstrates that digital innovation continues to increase its impact on companies' performance today and companies that aspire to a sustainable success should develop a digital strategy. According to the results of the study; 90% of businesses worldwide focus on digital priorities in capital allocation.

Digital transformation will continue to be in businesses’ radar for agility and efficiency as well as cost saving. Considering the speed of digitalization today, businesses can only survive in the future if they invest in digitalization of systems and processes and embed it in their strategy and corporate culture.

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Our focus in our technology investments is to develop and implement initiatives that meet the needs of our clients, allow them to be more agile and improve their efficiency and continuously enhance their banking experience.

YİĞİT ARSLANCIK HEAD OF WHOLESALE BANKING, HSBC TURKEY

What is the outlook of the treasury and banking sector in a digital age?

The global growth of digital economy is expected to continue and reach around 25 trillion US dollars by 2020. Yiğit Arslancık, Head of Wholesale Banking, HSBC Turkey explores the digital transformation of the banking sector.

How is the banking sector delivering customer-centric digital solutions?

Developing new products, investment in new technologies, increasing efficiency through technology, improving cyber security and data security and implementation of digital transformation programs are featured among the most important priorities of the financial institutions.

İmren Anlar, Head of Global Liquidity & Cash Management, HSBC Turkey explores the priorities of the banking sector in a rapidly evolving landscape and emphasizes the importance of cyber security.

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There may be cross border restrictions to undertake any of the products or services contained within the information here. The information provided here is by no means to analyse these restrictions and make a recommendation and is purely for informative purposes. All kinds of transactions shall be subject to business conduct of HSBC Bank A.Ş. and compliance to local legislation. No information in this document is provided by HSBC for the purpose of offering, cross border marketing and sale by any means of any banking services outside of Republic of Turkey.

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