Tag: Digital Transformation
Maximize the Value of Customer Banking Data to Build Long-Lasting and More Profitable Relationships
The banking industry is fiercely competitive, the only way to stay relevant and keep customers is to maximize the value of customer banking data and deepen your engagement with your customers. When you look at...
What Does Applied Artificial Intelligence in Banking Really Look Like?
Challenges Banks Face With growing reserves of customer data, the aggregation of data and application of Artificial Intelligence in banking to generate actionable customer insights is more important than ever. Many financial institutions struggle to...
Digital Transformation: The Future is Open for Commercial Banks: Part 2
Raising the “IQ” of Digital Transformation for Commercial Banks Part one of this two-part series described digital transformation, how it benefits commercial banks, and how banks can get on an accelerated path. This second part...
Digital Transformation: The Future is Open for Commercial Banks: Part 1
Are traditional banks getting their money’s worth from the US$1 trillion they have invested in digital transformation over the past three years? Depends, says Accenture, whose recent analysis of 161 large retail and commercial banks...
Digital Transformation in Banking: 8 Reasons the Time to Change Is Now
Digital disruption is nothing new, yet some financial institutions remain unprepared for a future that necessitates a paperless accounts payable process. Right now, those without a best-in-class digital experience are losing critical market share to...
How to Achieve Digital Transformation: A Game of Thrones-Inspired Guide
Even if you have yet to watch a single episode of HBO’s Game of Thrones, chances are you’ve heard the phrase “Winter is Coming” and sense that it foreshadows that something big is coming and...
4 Steps to Planning a Successful Digital Transformation
Now more than ever, digital transformation is changing banking. Preparing for the future is key to business survival in the competitive, digital-first landscape faced by most financial institutions. Is your financial institution on the path...
The Business Case for Digital Transformation: Starting the Conversation
Gain agility, survive, and thrive: three components financial institutions can achieve by implementing digital transformation strategies. Many financial institutions use their core provider to digitize the account opening process. However, this approach is not an...
Digital Transformation in Banking & the Need for Inclusivity in Design
A recent report from the International Data Corporation (IDC) projected that spending on digital transformation will reach US $1.7 trillion worldwide by the end of 2019 (In terms of digital transformation in banking, banks globally...
Implementing Digital Transformation in Banking: Lessons from Early Adopters
Implementing digital transformation has become a major focus for banks in recent years, a critical task topping the to-do lists of every executive charged with optimizing customer retention and cross-selling, improving customer experience and engagement...