How Banks Can Reimagine Business

whitePaper | December 18, 2019

The financial services industry is in upheaval and while there is a lot of recent talk about rising complexity and disruption, this transformation has actually been almost twenty years in the making. Since the year 2000, banks have faced stricter and more regulations, driving up the cost of compliance. Investment in new fintech players has grown steadily in the last decade.

whitePaper | February 1, 2023

Digitization is more than just using digital technologies. As technology and customer expectations evolved, banks squeezed new systems into their existing infrastructures. The result was a complex set of barely connected systems. To make matters worse, many banks’ IT landscapes have become fragile, inflexible, and expensive to operate. If the use of digital technologies doesn’t make a bank TRULY DIGITAL, what does? There are several steps that must be considered before choosing the right tools to build the solution you need to create your banks’ digital future. Download this white paper to learn more.

whitePaper | August 31, 2022

Digital evolution in the banking sector has seen significant positive movement over the last decade and continues to evolve at a rapid pace. As per reports, more than half of all banking transactions were within the bank’s network about 15 years ago. The number has fallen to less than 10% in 2020.

whitePaper | January 23, 2023

Accounts payable (AP) leaders know that paying suppliers with paper checks is costly. But transaction costs tell only part of the story. The costs associated with manually executing payments can significantly change the equation. Whether it’s time spent processing checks and ACH transactions, reconciling payments, or fielding inquiries from suppliers, these manual, repetitive tasks can have a major impact on AP business outcomes.

whitePaper | April 18, 2022

Fintechs are maturing and are reshaping the competitive landscape for traditional banks. Partnerships between banks and fintechs can be mutually beneficial and have become increasingly common. Nevertheless, some banks have baulked at this idea, deterred by cultural and technological obstacles that can make partnerships difficult to execute. This is short-sighted. Partnering with fintechs can help banks meet their operational objectives, enhance products and improve customer experience. To maximize the chances of success in these partnerships, banks should pursue certain best practices.

whitePaper | March 18, 2022

Digital Transformation has dominated business discussions over the past few years, but the significance seems to have multiplied recently, given that companies are rethinking ways which they must meet their customers’ changing needs. Engaging with a businesses’ services and offerings has increased drastically and there is a plethora of options customers choose.