A third of the world’s biggest banks still have no board members with professional technology experience, skills needed to help lenders make better decisions as they increase investments on IT, a new study by consultancy Accenture showed on Friday. Over the same period, the number of bank boards with at least one person with professional IT experience has risen only 10 percentage points to 67 per cent, the study showed. This has made it even more important for bank boards to have sufficient IT expertise, Accenture said, suggesting that 25 per cent of directors should have technology experience. Subscribe to Our Newsletter Subscribe to our newsletter and stay updated on the latest developments and special offers! While only 19 per cent of the bank directors with technology experience were women five years ago, that proportion has risen to 33 per cent now, the study found.

Source: Standard Digital March 12, 2021 09:45 UTC