What are the main challenges of digital transformation in banking? 🏦
Netguru asked 19 top banking experts for their opinion. 💡
We’re proud that Patrick joined many other inspiring people and shared his view: 💬
“In any bank’s strategy, ‘digital transformation’ is often just a fancy buzzword. Although exciting concepts are created, there’s no step-by-step plan to reach the big picture.
The success of isolated initiatives that do get executed is evaluated with methods from the past. Since, for example, digital business models are rarely profitable within 6 months, they are abandoned and labelled a failure.
Within the regulatory framework, banks must become bolder. They must be willing to experiment and break new ground. A change of mindset and creating an error culture are needed, in line with the motto: Fail Fast, Learn Faster.”
Find all the other points of view in the article. 🚀
Thanks to Konrad and Dominika for their blog post and to all the experts: Currencycloud’s Arshi Singh, Penta’s Jessica Holzbach, UBS’s Erhan Bilici, CRIF Bürgel GmbH’s Dr. Frank Schlein, EY’s Przemysław Krajewski, Current’s Adam Hadi, Mastercard’s Varghese Mathew, OakNorth’s Sean Hunter, Solarisbank AG’s Delia D. König, Paysafecash’s Robert Albrecht
What’s your opinion? 🤔