Tag: Digital Transformation
How Recent Events Have Influenced Fintechs and What to Expect Next
The automation and digitization of business processes have been gaining momentum for years, but recent events have influenced the fintechs that provide these services by accelerating the adoption of technology across the board. As organizations...
Can Banks Think Like a Fintech?
In theory, banks could be technology leaders. After all, they have access to the same hardware, programming talent, and resources as do fintechs. But it’s simply not in the culture or DNA of banks—or longtime...
Staying Ahead of Client Expectations
The pace of innovation in the banking industry is rising alongside a sharp increase in client expectations. As pressure builds, Fintechs and banking platform players pose new threats to the highest profit pools— in North...
Why Core Providers Won’t Help You Achieve Full Digital Transformation
There is clearly a “core” reason why full digital transformation is elusive. For many financial institutions, the future points to a fiercely competitive landscape with emerging new players, rising customer expectations and constant innovation. Brands...
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...