“The only constant is Change” The concept embodied in this phrase, credited to the Greek philosopher Heraclitus, has been particulary prelavent to many organizations’ strategy of creating an adaptable business model, i.e. a model that allows businesses to adapt to ever-changing circumstances and stay ahead of the competition.
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In recent years there as been a trend in financial institution towards greater use of models in decision making, driven in part by regulation but manifest in all areas of management.
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Demographic change, geopolitical turbulence and macroeconomic uncertainty. Disruptive technologies and exploding data volumes. Shifting regulatory requirements. An increasingly complex matrix of competitors, partners and vendors. The financial services industry faces an unprecedented quantum of change — one that will only expand and accelerate.
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