- Competitive products
- Pressure on operating margins
- Rapidly evolving consumer buying behaviour & demand patterns for personalised products
- Faster Time to Market
- Regulatory compliance
Banks have evolved from automation, to centralized banking, to digitization through mobile and web interface. But, that’s not enough. Banks need to create niche products which deliver unparalleled benefits, a new dimension and above all a Wow! Experience.
Today, banks do not need a digital strategy.
The cost of not disrupting is very high. They can maintain status-quo and become a commoditized service provider with low margins, surviving on operational efficiency, or even get extinct.