EY has launched a new platform for cloud-based business transformation.
In Brief:
EY Nexus is a platform offering pre-built technology components and an ecosystem of partners.
It's optimised for financial services and aims to help companies deploy new products and services rapidly.
It is a cloud ready core platform and enables companies to use components, find partners and combine with its existing products and partnerships.
What does this mean?
EY Nexus brings together an ecosystem of over 60 products and 55 industry alliances, serving 180 countries across eight regional technology hubs. It aims to enable banks to build for sustainable and rapid growth. It's also being suggested this could form a big part of EY’s business, separate from its consultancy.