2023 State of Enterprise Integration Report for Financial Services

An examination of the findings of the 2023 SEI report through a finance industry lens.

About the report

Digibee surveyed over 1,000 enterprise IT professionals in the first quarter of 2023 to provide insights into integration patterns, challenges, and opportunities in our annual State of Enterprise Integration report.

Modernizing financial technology solutions is a necessity for an industry long dependent on legacy systems. Data privacy, fragmented systems, security and compliance – there is no shortage of challenges for this industry. Without a truly connected environment, financial organizations are unable to innovate, curtailing their efforts to digitally transform the business and—most importantly, the experiences they deliver to their customers. This report aims to help financial organizations understand how successfully connected operations leads to innovation and improved experiences.  

Key highlights from the financial services report

The 2023 State of Enterprise Integration for Finance offers some unexpected revelations about the industry’s progress:

• 79% say they experienced more downtime than expected during integration
• Dependence on legacy systems and a lack of skills is holding many financial organizations back
• 74% report needing integration to address as much as 60% of their IT backlog and ecommerce migration needs
• 71% of IT execs are adopting, supplementing, or replacing their enterprise integration solutions in 2023

Efficient and effective data management in financial services is vital to success. But integrating new solutions with aging architecture is a challenge – and those unable to evolve are falling further and further behind. 

Assess your organization’s state of integration

Download your copy of the report to get industry-specific insights and expert analysis on current integration goals, challenges, and opportunities.