It’s time for banks to reshape their business and operating models to remain relevant in the new ecosystem. Making the right decisions today is critical to create success tomorrow.
As banks choose the most appropriate future business model, they will need to develop their change management agenda, identify gaps, and reprioritize resources. This can be achieved by asking the right questions at the start to assess how your new model and role fits within the evolving banking ecosystem.
- What steps will you take to develop a strategy for your future banking model?
- How will you align the investments for your chosen future banking model?
- What performance management tools will your organization need to show where real value has been created?
- How will you adapt an agile approach that enables your organization to take advantage of changes in the ecosystem?
Banks need to act now to reshape their digital transformation journey.
Summary
Your digital transformation journey will depend on your role in the evolving banking ecosystem and the banking model you choose for your entire bank or segments of your business.