Points of View

The need for speed: BFS firms risk digital failure by taking too long to execute

May 21, 2018 Elena Christopher

According to the HfS banking and financial services (BFS) industry Health Rating, BFS enterprises worldwide continue to struggle with revenue and profit growth. Digital transformation has emerged as the panacea to modernize your business processes in order to maximize revenues through digital customer channels.

 

However, like many firms, yours may be struggling to achieve exponential value from digital transformation strategies because of a fundamental mismatch between your overall objectives and your strategy execution. Establishing this consistency between transformation objectives and desired business outcomes is a critical step in ensuring the success of your digital transformation initiatives. Once this consistency is achieved, it is largely a matter of speed and execution.

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