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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. According to the BCG’s “Corporate Banking Executive Survey,” “front-to-back digital transformations” are essential to halt this shrinkage.

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How Digital Payments Could Help Rebuild Notre Dame Cathedral

PYMNTS

(And a digital 3D scan of the cathedral completed by a recently deceased professor also seems likely to help with rebuilding and renovation.). Part of the problem stems from the inability of charities to attract enough digitally skilled professionals, according to other reports. Skills Are Lacking.

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In FinServ’s World Of Strict Rules, Data Management Flexibility Is Key

PYMNTS

Less than half of the corporate banks surveyed by BCG said they had a clear digital strategy, while 86 percent admitted that their institution’s complex infrastructures present barriers to digitization. Now is the time to develop a more coherent digital strategy to decide where to play and how to invest.”.

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PDFs Are No Good — How, And Why, Governments Are Going Digital

PYMNTS

Making the move from analog to digital in governments around the world could save an estimated $3.5 trillion per year thanks to productivity gains and other savings, according to one recent McKinsey analysis. Digital Strategies. We can’t be a Blockbuster government serving a Netflix citizen.”. State and Local Laggards.

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How to Unlock the Power of Hyper-Personalization

FICO

Clearly this is a more dynamic use of data than the ABA survey alludes to, yet it’s the next step banks should be striving toward, and it’s all about hyper-personalization. Nearly 60 percent of retail bank customers expect their bank to help them improve their financial health, according to a recent JD Power survey. Consider this.

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End-to-end digitization – the key to outstanding customer experience?

NCR

In a KPMG survey of bank chief executives in the US, 59 percent of respondents said they are not leveraging digital technologies to connect to their customers as effectively as possible. As highlighted in the KPMG research, there are some big obstacles to universal digital transformation, so what should FIs do to overcome them?

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Impact Roadshow | Chicago, IL

Filene

There are a number of ways to understand the member journey, from surveying the member, secret shopping, mapping the current and dream state member journeys for popular product lines, and understanding how they interface with you digitally through live observational research and a review of your digital strategy.

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