Financial services in 2020 was defined by a sudden acceleration in digitization and digital engagement—pushed by the impacts of the COVID-19 pandemic. Exchanges shut down their trading floors and moved to remote trading, mobile banking transactions spiked, personal trading apps saw record transaction volumes, and call center personnel kept customer support going by working from their living rooms.
While the financial services industry was able to weather the digital tsunami and continue its operations, it has become clear that the winds of change are not transient. Financial institutions are now thinking strategically about their technical setup and questioning whether the tools that they have previously relied on are the right ones to use going forward.
FCL Industry Coverage
- Specialty Lenders
- Wealth Management
- Asset Management
- Private Equity
Q1 activity in 2021 reached a record high with 1,544 deals closed. The increase was led primarily by a robust IPO market with 525 companies filing for initial public offerings. This volume was almost double the 285 IPOs closed during the entire year of 2020,