4 benefits of digital transformation in banking
Here are four reasons why banks can’t afford to drag
their feet on digital transformation:
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It enables banks to better compete against fintech companies
and neobanks for customers’ wallet share
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It allows for meeting high customer expectations toward
personalization and a seamless omnichannel experience
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It improves operational resilience, which helps banks
weather the turbulent macroeconomic landscape
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It counters the risks associated with outdated
infrastructure (suboptimal performance, cybersecurity risks,
high IT spending, etc.)
How to avoid core banking transformation challenges:
fintego’s 5 key principles
We leveraged our experience to zero in on the five principles
our team follows to set up any digital transformation effort
for success:
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Protecting the bank’s financial services in the long
run via managed services for maintaining existing systems
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Building a strategy with baselines and delivering value in
incremental cycles
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Standardizing technology/business selection and design
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Establishing clear leadership and governance for the digital
transformation undertakings
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Partnering with a digital transformation expert
