Most banks yet to scale up on digital banking technology deployment, only 11 per cent of 650 global banks surveyed have fully deployed digital banking technology solutions Comments READ LATER Rajashekara V Maiya, VP and Global Head of Business Consulting, Infosys Finacle Banks globally still have miles to go in leveraging the latest technology, critical for making rapid strides in their digital transformation journey, a joint report of Infosys Finacle and Qorus has revealed. The report titled ‘innovation in retail banking’ showed that most banks are yet to deploy digital banking transformation solutions at scale. Only 11 per cent of the respondents mentioned about their fully deploying digital banking transformation solutions. The study, based on a survey of over 650 senior executives from global financial institutions, identifies benchmarks and innovation trends in banking, including innovation investments, competitive landscape, progress with digital transformation, and success with modern technologies. Close to 90 per cent of banks globally still believe that their digital transformation journeys have not succeeded as per expectations, according to the report. “ If there is one thing that is coming out clearly in the report, is that banks need to leverage technology better. Because what was relevant five […]
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