By Ranga R Kanapathy, Chief Transformation Officer - APAC I Chief Delivery Officer I
Most of them have done the easy work of acquiring basic digital capabilities, typically, by making a shopping list, buying the chosen technologies, and plugging them in with the help of technology experts. And yet, digital transformation projects often either get massively delayed or derailed in delivering tangible outcomes. A big-bang approach is not necessarily the solution. To be competitive, enterprises need a holistic transformation.
"Taking small and achievable steps that yield measurable and noticeable results, faster and repeatably, proves to be the solution."
At Altimetrik, we pride ourselves as that pureplay digital business solutions company. We advocate an approach that is incremental and bite-sized that helps clients achieve rapid business outcomes in an agile manner.
"We re-think not just technologies, but products, processes, customer interfaces and culture, all synergized towards a clear futurestate digital business model."
THE BOTTLENECKS WE ADDRESS
Many organizations still make piecemeal. investments in digital business enablement by overly emphasizing 'hot' technologies and expecting enormous improvements. This kind of evangelization is often espoused by technology and product leaders without aligning with the holistic business strategy.
Having executed numerous transformation projects in the Banking and Financial Services space, we have identified 5 common challenges:
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Denne historien er fra May 2023-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Swedbank leverages data to the hilt
Sweden's Swedbank takes innovation to a different level by collaborating with other competing banks:
Digitization is for customer satisfaction, says Argenta Bank
Belgium's Argenta Bank has designed its digitization efforts to enhance customer experience:
Speed, Safety, Compliance
Brijesh Samantaray, Co-founder, Propelld shares the current trends in the education loans how the company is leveraging technology:
Unique methods in fraud perpetration
When we look at some of the very serious frauds that had taken place in the financial realm, it is evident that the perpetrators are somewhat ingenious:
NBFCs: Elevating Organizational IQ
What is more important than hiring smart people is raising organizational IQ. This topic was discussed in depth in a panel discussion at NBFC's Tomorrow conclave organized by Banking Frontiers. Edited excerpts:
Trustful Transformation
Transformation is no longer only about growth & efficiency. It involves aspects like compliance, security and explainability that are impacting NBFCs. These issues are explored in this panel at NBFC's Tomorrow:
CEO Panel: Connecting Traditional Wisdom with Modern Intelligence
Banking Frontiers organized its annual NBFC Conclave titled NBFC's Tomorrow in August 2024 at Mumbai. Highlights of the first panel discussion:
NBFCs EXPERIENTIAL EVOLUTION, TRUSTWORTHY TRANSFORMATION
Banking Frontiers organized NBFC's Tomorrow, its annual NBFC Conclave, in Mumbai on August 21. The program comprised panel discussions on 5 upcoming opportunities for the NBFC sector, along with presentations, fireside chats and a keynote address. Edited excerpts from the conclave:
Smart ATMs - an indication of a resurgence
Smart ATMs can be the future way of how one may be interacting with a bank and doing transactions:
Personalization scores with HNWI & YP
Ghulam Haidar Rasooli, Chief Financial Officer at Afghanistan based Ghazanfar Bank, reveals the impact of personalization and future roadmap: