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Bold visions, timid execution: The BFSI back office as a growth engine
Uncover the significant gap between the digital ambitions and operational realities within the Banking, Financial Services, and Insurance (BFSI) back office - and how to bridge the divide.

In today’s hyper-competitive, regulated, and customer-centric environment, transforming the back office is no longer a “nice to have”—it is a strategic imperative.
The latest report from HFS Research, in collaboration with Iron Mountain, unveils the profound disconnect between digital aspirations and real-world execution within the Banking, Financial Services, and Insurance (BFSI) back office.
Based on insights from over 500 senior executives in seven countries:
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This paper isn't just about identifying problems; it provides strategic imperatives and best practices to help your organization break free from legacy thinking and build a future-ready operational core.


Break the back office bottleneck and achieve greater savings with Iron Mountain Digital Back Office solutions, powered by InSight DXP. Our integrated and automated Digital Back Office serves as your central hub for streamlined management and governance, whether you're handling mortgages, loans, or insurance claims. With its powerful intelligent document processing (IDP) and AI features, Digital Back Office enables quick access to crucial data, eliminating the need for manual content searches. This allows you to prioritize business growth while we secure and optimize your financial information.
Learn more about Iron Mountain Digital Back Office solutions
Additional ways we can help:
Getting to the AI promised land. It's clear that executives see huge potential in AI, but also confront major obstacles. We look at and expand upon the AI-related data and recommendations from the report.
Process reinvention. Executives are clearly frustrated at the inefficiency of their existing processes. We look at how to revamp them (with Iron Mountain's help, of course) and what major benefits they can expect to see beyond simply productivity improvement.
Legacy platforms and processes, overreliance on paper, intense regulatory oversight, and inconsistent governance are holding many companies back from achieving the speed and agility enabled by cloud platforms and artificial intelligence.
A global survey of more than 500 BFSI executives — conducted by HFS Research in partnership with Iron Mountain — revealed a high intent to modernize but slow progress in execution.



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