Future Ready. Now. Banking Point of View
How to adapt quickly to new market forces and new competitors to become Future Ready. Now.
Avanade helps banks transform in three ways:
Modernize your infrastructure
3 in 4 believe existing IT systems are no longer fit to address emerging digital business requirements1. Consumers want an experience that is seamless and smooth. Regulations are changing all the time. Banks are under increasing pressure to improve their cost-income ratio. IT modernization is the only way to achieve real digital transformation. Learn more.
1 Avanade research, 2017: ‘IT modernization is critical to digital transformation’
Motivate your people
Banks want to differentiate around the customer journey. Transforming the workplace is the way to do it. Our approach enables employees to offer a better banking experience through modernized platforms, a reimagined banking culture and optimized operations. This is what workplace experience (WX) is all about. According to MIT CISR, those banks that get it right double customer satisfaction and innovation while increasing profit by 25%.2 Learn more.
Move to Future-Ready
Future-ready banks expect digital transformation to yield 17% ROI3. But it’s hard to transform your bank, even if the prize is clear. How do you become future-ready? Join up EX/CX, drive cost reduction through intelligent automation and develop an innovator’s mindset. Such banks can not only adapt quickly to disruption, they can lead, forcing competitors to adapt to them. Learn more.
“(Avanade doesn’t) just bring technology expertise. They bring a level of business acumen that really helps us come up with the right solution for the client. We can now focus on what matters. One employee said, ‘We’ve come from the Ice Age to the USS Enterprise’."
The four digital pathways banks can take to master modernization.
Technology and innovation is changing the banking landscape. How do banks need to response to stay relevant?
Only 12% of banks are genuinely committed to digital transformation. Peter Barrett lays out the research on becoming a future ready bank.
Peter Barrett highlights an increasing trend on big tech companies moving into the financial services sector.
“Working together in an agile way and creating flat hierarchies requires a different culture and new policies. So, our focus was not only the new technology, but also change management. [Avanade has] a lot of experience in the field of change management and the requisite practical knowledge for the implementation."
Avanade is a joint venture between Microsoft and Accenture. Our experts have deep knowledge about the complexities of the banking industry, and they know how to deploy digital technology to transform banks’ operations.
That’s why Avanade works with many of the world’s most successful banks. We’ve helped over 300 financial services firms worldwide, including seven of the top 10 largest banks.
Find out how we can help your bank undergo digital transformation.