Digital readiness and digital transformation in corporate banking.
The perception of what is possible in banking has shifted dramatically over the past decade. The pandemic has accelerated the switch to digital for many businesses and individuals. In contrast with retail banks, corporate banking’s pace of adaptation was slow. This shift in perception, combined with the slow pace of transformation, now presents corporate banks with an opportunity to stand out. They can do so by digitising their products and client relationships, thereby providing new experiences and levels of client care while reducing costs.
Currently, most corporate banking clients are ‘digitally underserved’. Yet, all it takes is for those in corporate banking to take the first step into a fully digital world. While new banking platforms may offer their clients a fully digital experience right from the outset, banks’ core services, particularly corporate banking, are too complex and specialised to be easily duplicated by new arrivals.
The case for digital readiness and transformation is clear. There’s great potential for improving market position and growth. The opportunity is with us now, and there is no time to lose!
During the webinar, we will explore these essential topics:
- Developments in corporate banking digitization
- The crucial areas for digitalization, including online credit processes and payments automation
- The essential foundations for success: planning and designing the transformation process
- Transformation scenarios: replacing all-at-once, replacing module-by-module, or co-existing platforms
As your business continues on its path to digital success, you’ll be in an excellent position to make well-informed decisions. Stay tuned and join us, whether this is your first step, or your digital transformation is well underway!