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Key Points:
- NTT DATA UK&I and Armstrong Wolfe have entered into a strategic partnership to drive innovation in the financial services industry.
- The partnership will focus on sharing knowledge in areas such as operational resilience and emerging risk assessment.
- The collaboration aims to deliver innovative solutions and tailored offerings to meet the evolving needs of financial institutions.
- The partnership also emphasizes a commitment to diversity, equity, and inclusion (DE&I) and will leverage the partners’ Women’s Business Networks.
NTT DATA UK&I, a leading IT services provider, has announced a strategic partnership with advisory firm Armstrong Wolfe to accelerate innovation in the financial services industry. The collaboration aims to leverage the combined expertise of both companies in technology and business transformation to develop innovative solutions and leading advisory services for financial institutions.
The partnership will focus on sharing knowledge and insights in key areas such as operational resilience, non-financial risk, emerging risk assessment, and horizon scanning. By learning from each other, NTT DATA and Armstrong Wolfe hope to drive innovation and help financial institutions better engage customers, increase efficiency, and meet evolving customer demands.
NTT DATA’s Head of Banking and Financial Services, Andy Nelson, highlights the importance of technology in the banking and financial services sector, stating that it is key to improving customer engagement and increasing efficiency. The partnership with Armstrong Wolfe will enable the companies to work closely together, understand client needs, and develop tailored offerings that merge their strengths.
This collaboration builds on NTT DATA’s commitment to supporting financial services firms with their digital transformation needs. The partnership announcement follows comments from NTT DATA’s SVP of FSI Consulting at Money20/20 USA 2023, where he identified digital transformation as a barrier for many financial services companies. By partnering with Armstrong Wolfe, NTT DATA aims to further scale its ability to support financial institutions in their transformation journeys.
In addition to driving operational excellence in the financial services industry, the partnership also emphasizes a shared commitment to diversity, equity, and inclusion (DE&I). Both NTT DATA and Armstrong Wolfe have active Women’s Business Networks, and they plan to synergize their efforts to promote DE&I initiatives. Armstrong Wolfe’s CEO, Maurice Evlyn-Bufton, believes that NTT DATA’s expertise will be vital in improving services and delivering better outcomes for their COO community.
Overall, this strategic partnership between NTT DATA and Armstrong Wolfe aims to foster innovation in the financial services industry while addressing the importance of diversity and inclusion. By leveraging their combined knowledge and expertise, the companies aim to develop tailored solutions that meet the evolving needs of financial institutions and drive positive change in the industry.
