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What makes an efficacious digital transformation in banking?
An efficacious Digital Transformation begins with an understanding of digital customer behavior, preferences, choices, likes, dislikes, stated as well as unstated needs, aspirations etc.. And this transformation leads to the major changes in the organizations, from product-centric to customer-centric view.
How much of the bank market is at risk?
35% of banks ‘ market share in North America could be at risk by 2020, as traditional branch banking gives way to digital banking and as new competition emerges Source “ online/ mobile banking Channel innovations bankers beiieve deliver the most value
Which is the " banking " concept of Education?
This is the "banking" concept of education, in which the scope of action allowed to the students extends only as far as receiving, filing, and storing the deposits. They do, it is true, have the opportunity to become collectors or cataloguers of the things they store.
Which is the best approach to digital banking?
The most effective way to understand and bring the organization from traditional banking to digital banking is Omni-Chan-nel approach. Omni-channel is a multichannel approach to customer service where all the channels are tightly integrated, keeping customer in the center of the integration.
Last Update: Oct 2021
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