Introduction: Addressing Financial Services Technology Challenges During Growth
In a literal sense, consolidation and expansion seem to be opposing viewpoints. However, in the realm of financial services, both of these activities serve to enlarge an organization. When financial organizations consolidate, two – or more – companies merge to become one larger entity. And with expansion, an organization scales its territory, service offering, or operations, gaining organic market share.
Regardless of which method is used, the result is a growing number of financial services firms that are expanding their operations.