Disruption in technology, rise of millennials, and competitive marketplace are leading to disintermediation in the value chain and business models of traditional banks. To keep pace with the digital change, banks are aligning with digital-first operating models, adopting cutting-edge technologies, and fostering new digital-savvy culture.
Banking is increasingly being embedded in customer activities since it is an enabler. This transition is morphing the role of banks to become lifestyle experience orchestrators. Banks are focusing on the power of three E’s – experience, efficiency, and ecosystem – to enable their transformation journey. In this research, we study the experience-centric investments of 40 global banks.
SCOPE OF THE ANALYSIS
Market segment: IT services
Geography: Global
Industry: Banking
Lines of business: Retail banking, cards & payments, commercial banking, and lending
SOURCES LEVERAGED
Previous Everest Group research
Secondary data sources that are publicly available
CONTENTS
The research focuses on banking IT services industry with primary focus on customer experience:
Analysis of business and technology investments by 40 global banks
Enterprise expectations from cloud enablement are shifting from efficiency gains to overall business transformation benefits. Enterprises are also increasingly realizing that a cookie-cutter approach to the cloud will diminish the returns on their…
