Big challenges in 2023 for the financial industry

Big challenges in 2023 for the financial industry

Over almost 23 years of activity, Blue Screen IT Solutions has witnessed several revolutions and has not been indifferent to social and economic changes. At the same time, our company has grown rapidly in these turbulent times. After a worldwide health crisis, an (almost unthinkable) war that still lingers in Europe with no end in sight, galloping inflation and so many other threats to stability, the management of our people requires a prominent concern. I am talking about our team, the true engine of our organisation, whose mission is to ensure innovative, effective and secure IT solutions for clients. 

At the same time, the financial sector, which is a significant source of our global business, is going through a devastating period, which the most renowned economists will not be able to predict the outcome of. It is also dealing with the turbulence of the digital transformation process, recurring cybersecurity threats and the demands of its increasingly technologically proficient clients, who are eager for a multichannel and integrated experience, in imitation of a digital world where everything seems to be achievable. 

This means that within a small company like Blue Screen, with multinational clients and complex projects such as those in the financial sector, it becomes even more important to guarantee the stability of the teams. In 2023 it becomes essential to ensure that we overcome the challenges of teleworking life, which is more demanding than we could have anticipated. The supposed convenience gives way to the need for companies to reinvent themselves so that it is possible to lead a plurilocalised team, ensure that this team is aligned with the organisational culture, although everyone is in their own space. In 2023 people count even more because successful project delivery depends on motivated workers who feel the company’s victory is theirs – because it really is. 

Gartner’s 2023 trends report for the financial sector highlights that technology increasingly has a strategic and necessary position in businesses rather than a mere instrumental one. Interestingly, by contrast, in technology companies the place of people is increasingly important – job satisfaction, career prospects and evolving expertise, as well as personal life balance. Therefore, these are also the challenges Blue Screen IT Solutions has set itself for this year.

Frederico Faria de Oliveira is founder and partner of Blue Screen IT Solutions. Blue Screen has more than 23 years of experience in delivering IT projects and has been operating continuously in the financial sector since 2018.

(2023, March 31st) Quem é Quem no Sector Financeiro em Portugal – Da “enorme incerteza” aos desafios do ESG e digitalização, Jornal Económico, pg. 37, in here.