Digital banking has taken the finance sector by storm and continuously influences the banking industry. As the preferences and interests of tech-savvy customers keep on changing, we witness the rise of digital transformation in banking. It offers faster and multiple service options and provides customers with omnichannel experiences. In other words, digital transformation ensures swift and seamless banking services on any device. What is Digital Transformation in Banking? Banks of all sizes can leverage the benefits of evolving technology in streamlining their processes and improving customer experiences. Digital transformation in banking can cause a paradigm shift from legacy processes to digital operations using new technologies. As an ongoing process, digital transformation involves numerous changes in the backend to support online services. It is fair to mention that digital transformation is about something other than implementing a series of digital initiatives. These initiatives may not get success in achieving the desired goals because they lack digital-native solutions. Digital transformation in banking, on the other hand, takes a top-down approach and integrates digital systems along with advanced infrastructure and various platforms to improve customer services and streamline operations. How Digital Transformation can Improve the Customer’s Journey Globally, most banks have dedicated […]