{"id":521,"date":"2017-08-01T05:41:38","date_gmt":"2017-08-01T05:41:38","guid":{"rendered":"https:\/\/www.yaalim.org\/blog\/?p=521"},"modified":"2021-05-24T08:21:26","modified_gmt":"2021-05-24T08:21:26","slug":"digital-transformation-in-banking-are-you-a-leader-or-a-laggard","status":"publish","type":"post","link":"https:\/\/www.streebo.com\/blog\/digital-transformation-in-banking-are-you-a-leader-or-a-laggard\/","title":{"rendered":"Digital Transformation in Banking &#8211; Are You a Leader OR a Laggard?"},"content":{"rendered":"<p>Most banks today want to excel in the digital game, after all that\u2019s where their customers are! And for much of the past decade, most leading traditional banks have incorporated scalable digital strategies. So what separates leaders from the laggards?<\/p>\n<p>&nbsp;<\/p>\n<h5><strong>Digital Transformation in Banking<\/h5>\n<p><\/strong><\/p>\n<p><center><br \/>\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/Db9WNlAw548?rel=0&amp;showinfo=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br \/>\n<\/center><\/p>\n<p>Seeking the answer through various studies and industry reports; the leaders understand the importance of mobile in their digital strategy, they are developing more agile operating models and most notably they have integrated it as the cultural shift within their enterprise. These set them right on their path to become more client-centric and more inclusive.<\/p>\n<p>&nbsp;<\/p>\n<p>To broadly categorize these banks under three categories basis their operating models; 1) For some, \u2018Digital is just a project, 2) Digital is a business and 3) Digital is a core value<\/p>\n<p>&nbsp;<\/p>\n<p>Most of these leaders demonstrate, future trends in digital <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.streebo.com\/mobile-app-development\/banking\">banking<\/a><\/span>, they\u2019ve structured approach to digital with an understanding of how branch networks are evolving in an \u2018omni-channel world\u2019. For most of the leaders, the bank\u2019s mindset is customer-first and are ready to invest more in the innovative IT platforms.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-523 size-full\" src=\"https:\/\/www.yaalim.org\/blog\/wp-content\/uploads\/2017\/08\/Untitled-1.jpg\" alt=\"Digital is a core value\" width=\"629\" height=\"286\" srcset=\"https:\/\/www.streebo.com\/blog\/wp-content\/uploads\/2017\/08\/Untitled-1.jpg 629w, https:\/\/www.streebo.com\/blog\/wp-content\/uploads\/2017\/08\/Untitled-1-300x136.jpg 300w\" sizes=\"auto, (max-width: 629px) 100vw, 629px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Finding a common vision through a lot of these leaders\u2019 digital strategies would find;<\/p>\n<ul>\n<li>Fully digital products and services<\/li>\n<li>Fully paperless<\/li>\n<li>Minimal need for manual intervention (Call Centers)<\/li>\n<li>Lean banking systems<\/li>\n<li>More interaction with clients<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>These banks are testing leading-edge technologies at early stages, to understand their impact and promise to the overall digital thought process. Technological and organizational agility is crucial for banks. An agile digital platform is central to \u2018digitization initiatives\u2019 and banks\u2019 operating models. The proliferation of new technologies and the faster time-to-market call for a flexible platform that helps in creating omni-channel experiences faster, and able to integrate them with various backends, databases and external services, seamlessly.<\/p>\n<p>&nbsp;<\/p>\n<p>Keep looking this place for advancements, Streebo brings to help banks and financial services enterprise roll-out omni-channel applications faster, meeting their customer expectations.<\/p>\n<p>&nbsp;<\/p>\n<p>Take a look at the teasers; <em><span style=\"text-decoration: underline;\"><span style=\"color: #0000ff;\"><a style=\"color: #0000ff; text-decoration: underline;\" href=\"https:\/\/youtu.be\/Y-2qTahSHck\">https:\/\/youtu.be\/Y-2qTahSHck<\/a><\/span><\/span><\/em> and <em><span style=\"text-decoration: underline;\"><span style=\"color: #0000ff; text-decoration: underline;\"><a style=\"color: #0000ff; text-decoration: underline;\" href=\"https:\/\/youtu.be\/Db9WNlAw548\">https:\/\/youtu.be\/Db9WNlAw548<\/a> <\/span><\/span><\/em>and stay tuned to know about more advancements, our team at Streebo bring to help banks and financial services march successfully in their journey to the digital transformation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most banks today want to excel in the digital game, after all that\u2019s where their customers are! And for much of the past decade, most leading traditional banks have incorporated scalable digital strategies. So what separates leaders from the laggards? &nbsp; Digital Transformation in Banking Seeking the answer through various studies and industry reports; the [&hellip;]<\/p>\n","protected":false},"author":45,"featured_media":529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,27,22],"tags":[66,19,44,65,35,6,18],"class_list":["post-521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-enterprise-mobility","category-mobile-app","tag-artificial-intelligence","tag-banking-apps","tag-banking-solutions","tag-chatbots","tag-digital-transformation","tag-enterprise-mobility","tag-mobile-banking"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/posts\/521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/comments?post=521"}],"version-history":[{"count":5,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/posts\/521\/revisions"}],"predecessor-version":[{"id":833,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/posts\/521\/revisions\/833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/media\/529"}],"wp:attachment":[{"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/media?parent=521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/categories?post=521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/tags?post=521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}