BizTechReports Features Insights and Analysis from Boston Consulting Group, IDC and Frost & Sullivan

SILVER SPRING, Md. - March 16, 2022 - PRLog -- BizTechReports (www.biztechreports.com) has published its latest roundup of insight and analysis from leading analysts, influencers and consultants covering the technology markets. Here are the recent news and views:

IDC finds that financial institutions (FIs) have lagged their fintech competitors in the digitization of key banking business lines such as lending. Digital lending modernization will become the new normal for FIs. They must adapt and develop their digital platforms accordingly to respond to customers who increasingly avoid in-person or phone contact because they prefer to use mobile and online channels for loan services. To read more, please visit: https://www.biztechreports.com/news-archive/2022/3/9/idc-finds-technology-optimizes-the-loan-origination-process-for-financial-institutions

Meanwhile, Boston Consulting Group reports that a new cadre of companies—traditional businesses that are successfully executing digital transformations—are outperforming their peers and shaping up to compete with digital natives. These digital incumbents make up about 30% of the S&P Global 1200 Index and outperformed the index by about 50% over the three years ending December 31, 2021. To read more, please visit: https://www.biztechreports.com/news-archive/2022/3/7/digital-incumbents-fight-back-new-findings-from-boston-consulting-group

As urbanization increases in India, an opportunity presents itself for an integrated, shared transport system. Frost & Sullivan reports that the gross merchandise value (GMV) of Indian shared mobility is likely to reach $42.85 billion by 2027 from $11.05 billion in 2021, expanding at a compound annual growth rate (CAGR) of 25.3%. To read more, please visit: https://www.biztechreports.com/news-archive/2022/3/7/indias-increasing-demand-for-transportation-services-expedites-shared-mobility-market-growth

BizTechReports is a syndicated independent reporting agency with offices in the Washington, D.C. area that is dedicated to covering the researchers, analysts, consultants and industry influencers who report on the new developments that are making a difference with how it is that we live our digital lives.