Banks that aim to win in the digital economy will need to master the digital technologies in creating new, winning business models. It requires a strong strategy to deliver relevant data in real-time to the various service layers that connect ecosystem players. Today, wholesale digitalization a significant feature for the banking landscape. However, banks should seriously consider a variety of alternatives, ranging from whether they are able to launch a green field digital bank to which they can migrate customers over time to re-platforming to revitalizing the core.
Take a glance at the main banking business priorities in 2018: