Transformation Takes a Team (and Iteration)

4/15/2024 3:10:31 PM

It’s time the banking industry stops viewing digital transformation as an end goal and instead think of it as an evolution.

John Deignan

Successfully executing digital transformation is one of the biggest challenges facing bank leaders today. According to McKinsey & Co. research, only 30% of banks that have undergone a digital transformation report successfully implementing their strategies; most fall short of their stated objectives. 

Given how much time, capital and operational resources banks devote to digital transformation, it is crucial to find ways to de-risk these important initiatives to increase the chances of success. 

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