Tectonic Forces Rock The Banking Industry: Are You Ready?

By Jim Marous "The nature of banking, and business in general, is always in transition. The 4th Industrial Revolution will favor organizations that can leverage data and analytics to improve the consumer experience. A platform business model may be the answer for large and small organizations alike." Platform businesses have replaced energy and banking in the top 5 traded companies by market cap. New business models for banks needed. A recommended read. #Industry #Banking #FinancialServices #JimMarous The article: Tectonic Forces Rock The Banking Industry: Are You Ready?

Finance organizations are biggest digital transformation fans – three exemplars

By Stuart Lauchlan "Fujitsu reckons finance is ahead of the industry pack when it comes to digital transformation and three use cases back up the point." The article analyses one of the keynote findings of Fujitsu's Global Digital Transformation Survey 2018; the finance industry is the leader in DX. #Industry #FinancialServices #Report #Fujitsu #StuartLauchlan The article: Finance organizations are biggest digital transformation fans – three exemplars

Lloyds Banking Group – a £3 billion digital transformation progress report

By Stuart Lauchlan "Lloyds stakes a claim to be the biggest digital bank in the UK as its transformation program carries on." A good analysis of Lloyds Bank report on the Digital Transformation progress. #Industry #Banking #FinancialServices #LloydsBank #StuartLauchlan The article: Lloyds Banking Group – a £3 billion digital transformation progress report

Mastercard going digital? Table stakes. Finding new markets? Priceless

By Phil Wainewright "Payment network Mastercard sees digital transformation as an opportunity to explore new technology-enabled channels and find new markets" An insight into the state of Digital Transformation at Mastercard as provided by Ed McLaughlin, President of Operations and Technology. #Industry #FinancialServices #Mastercard #EdMcLaughlin #PhilWainewright The article: Mastercard going digital? Table stakes. Finding new markets? Priceless

Most Banks Underestimate The Urgency of Digital Transformation

By Jim Marous "Despite all of the discussion in the banking industry about digital transformation, many financial institutions greatly underestimate what is needed to 'become digital'. Contributing to the misunderstanding are a number of metrics that continuously get referenced that can breed complacency." The prominent author of this article shares insightful thoughts of banking industry CEOs about the readiness of traditional banking organisations for the digital transformation. #Industry #Banking #FinancialServices #JimMarous The article: Most Banks Underestimate The Urgency of Digital Transformation

How Digital Transformation Is Reshaping Financial Services

By Calvin Hennick "Customer experience, AI and machine learning are at the heart of the future of money... With people relying increasingly on online and mobile banking, the race is on for banks, credit unions and other financial services organizations to embrace digital transformation." Customer Engagement and Customer Service aspects of the Digital Transformation and their impact on the Financial Services industry. Sample organisations: BrightStar Credit Union and Alaska USA Federal Credit Union. #Industry #FinancialServices #Examples #CalvinHennick The article: How Digital Transformation Is Reshaping Financial Services

What digital transformation looks like for today’s CPA firms

By David Sharp "Digital transformation has been a near constant topic of conversation among accounting and CPA communities in 2018. The trend can be defined as the shift from antiquated, manual processes to automatic, technology-driven ones." What does Digital Transformation mean for accounting firms and should they bother? An insight provided by President of PaySimple David Sharp. #Industry #FinancialServices #DavidSharp The article: Voices What digital transformation looks like for today’s CPA firms

Most financial institutions embracing digital transformation in theory, but not practice: OpenText

By Eric Emin Wood "A new report released Tuesday by OpenText and ITBusiness.ca parent ITWC has found that when it comes to digital transformation, Canada’s financial institutions are talking the talk, but not walking the walk." Analysis of the DX report from OpenText “Road to digital transformation in Canada’s financial services and insurance sectors: Assessing digital shockwaves”. A very valuable insight. #Industry #FinancialServices #EricEminWood #OpenText The article: Most financial institutions embracing digital transformation in theory, but not practice: OpenText