Strategies for a Better Mortgage Experience: Lessons from UK Building Societies
The building society sector continues to demonstrate remarkable resilience and momentum, accounting for 72% of mortgage market growth between April and September 2024.
Thought Leadership |
How to Avoid 7 Common Digital Transformation Mistakes: Infographic
Other Topics
Digital Transformation
Region
Asia-PacificEuropeMiddle-East & AfricaNorth America
The market is constantly changing as customer needs evolve and technology advances. As financial institutions adapt to keep up with those changes, the need for a seamless, digital experience grows, too.
For most institutions, transforming your infrastructure takes time and hard work. That’s why it’s so important to know where your institution currently is and where you hope to be as your digital transformation strategy evolves. This kind of early preparation can help you navigate the challenges of a transformation and improve your chances of long-term success.
Here are a few suggestions to help you begin your digital journey!
Define target state objectives
Foster a collaborative environment
Confirm scope during planning
Maintain an integrated program plan
Establish project delivery methods
Manage risk and controls
Monitor resource capacity
Building a strong foundation with clearly defined goals and objectives is a powerful way to track your progress, and knowing who is responsible for which strategy can help strengthen leadership and accountability.
Are you ready to start preparing and planning for a seamless and efficient digital transformation that will optimize business processes and improve compliance?
Download nCino’s digital transformation infographic and let us know how we can help you on your digital journey!
Related Articles
5 Challenges Facing Today’s Community Banks and Credit Unions—and How to Solve Them
As community banks and credit unions navigate a constantly evolving financial landscape, a few challenges become clear. From delivering modern member experiences to understanding the role of legacy systems in a digital world, it’s crucial that community banks and credit unions find solutions that best serve their borrowers.
The Build vs. Buy Dilemma: What You Need to Know
To buy or to build? That’s the debate in today’s evolving landscape.
Exploring the Digital Transformation of Credit Risk Management in Europe
In today’s financial landscape, digital transformation has become an essential priority for financial institutions (FIs), and credit risk management is no exception. Despite economic challenges, many banks are making significant investments in advanced technologies to fast-track their digital transformation. While cost pressures are considerable, the potential of technology to enhance automation and efficiency continues to drive these investments forward.
The Importance of AI Explainability
Artificial intelligence (AI) and machine learning (ML) are transforming how financial institutions approach many traditional banking processes. When it comes to AI in the financial services industry, the concept of explainability—i.e., the ability to clearly communicate the process behind AI’s decision-making and understand the model’s inner workings—is of the utmost importance.
