TechFlow news, April 4 — According to FinanceFeeds, Broadridge's latest annual digital transformation study reveals significant increases in investment by financial services firms in artificial intelligence and digital assets. The research found that 80% of institutions are making moderate to large-scale investments in AI, while 50% of executives expect substantial adoption of digital assets and distributed ledger technology in the coming years.
The report shows a clear rise in willingness to invest in generative AI, with 72% of institutions reporting moderate to large-scale investments this year, up sharply from 40% in 2024. Regarding digital assets, 71% of institutions are making major investments in blockchain and distributed ledger technology, up from 59% last year.
Notably, the study also reveals a growing gap between innovation priorities and structural constraints. While 58% of executives agree that a clear data strategy delivers the highest return on technology investment, 40% of respondents still face data quality issues. Financial institutions expect to allocate 29% of their IT budgets to technological innovation over the next two years, up from 22% last year.
The research was conducted by Phronesis Partners and includes insights from over 500 technology and operations leaders across wealth management, capital markets, and asset management, reflecting how financial institutions are reshaping their digital roadmaps in response to market demand, regulatory pressure, and accelerating innovation.
