The report brief highlights the challenges faced by banking in its finance transformation journey. These challenges include a lack of alignment between finance and business goals, adaptable technology, and regulatory, risk, and compliance concerns. Talent gaps are also a critical barrier to success, with only half of finance and IT leaders believing their workforce has the required skills. Digital finance automation is a top priority for banks, with IT and finance leaders aiming to gather insights quickly, harness the right data, nurture next-gen talent, and manage risk and compliance.