Digital Transformation and the Race to the Future

June 15, 2018

Banks around the world are on notice that the tradition-bound business-as-usual approaches to banking are a doomed recipe for obsolescence and that the only path to survival and growth is through digital transformation. This means retooling operations, products, and people that leverage speed, a dynamic user experience (UX) and smart data to create an agile banking operation that feels like you are ordering an Uber ride or making a purchase on Amazon.com. In its report, Retail Banking 2020: The Future of the Retail Banking Industry, PwC states: “Banks will need to be on the cutting edge of technology and see that emerging customer needs and lifestyle demands are engrained in every offering. They need to understand what’s possible, where the latest technology innovations are, what systems can deliver them, and what should be pursued.”

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FTSE Russell

FTSE Russell is a leading global provider of benchmarks, analytics, and data solutions with multi-asset capabilities. FTSE Russell’s solutions offer a true picture of global markets across asset classes, styles, and strategies. Our global perspective is underpinned by specialist knowledge gained from developing local solutions and understanding client needs around the world.

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