4 benefits of digital transformation in
banking
Here are four reasons why banks can’t
afford to drag their feet on digital
transformation:
-
It enables banks to better compete
against fintech companies and neobanks
for customers’ wallet share
-
It allows for meeting high customer
expectations toward personalization and
a seamless omnichannel experience
-
It improves operational resilience,
which helps banks weather the turbulent
macroeconomic landscape
-
It counters the risks associated with
outdated infrastructure (suboptimal
performance, cybersecurity risks, high
IT spending, etc.)
How to avoid core banking transformation
challenges: Zoreza global’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
-
Standardizing technology/business
selection and design
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Establishing clear leadership and
governance for the digital
transformation undertakings
-
Partnering with a digital transformation
expert