As the digital transformation of the banking industry continues to evolve, it is more important than ever for financial institutions to remain agile and flexible.
Recently, the software company Mambu released key research findings that revealed that roughly 67% of banks foresee a loss of market share due to weak digital transformation strategies.
To meet the challenge of technological disruption, financial institutions must embrace:
1. Technology-based solutions as the foundation of the strategy
2. Digital infrastructures that are well-built with clear metrics for performance and success
3. Full involvement from team members in discussions of innovation and embracing change
Written by Cesar Cotait Kara José
