How a Micro-transformation Strategy Can Yield Big Results

In this white paper, we discuss how COVID-19 and new industry trends have forced financial institutions to move toward full-fledged digital transformation and how micro-transformations allow institutions to accelerate time to value in manageable, cost-effective stages.
Think Small: How a Micro-transformation Strategy Can Yield Big Results
Authored By: Paul Clarkson, EVP – US Financial Institutions, nCino
As the impacts of the global pandemic continue to linger, financial institutions of all sizes are looking for opportunities to cut costs while continuously enhancing their digital capabilities to meet the changing needs and preferences of consumers and employees. As we prepare for a potentially lengthy period of economic uncertainty, a growing number of organizations are planning micro-transformation projects to keep the fires stoked for their long-term digital evolution.

In this white paper, we discuss how quick technology upgrades allow institutions to remain competitive and customer-focused in a financial services marketplace that rapidly shifted to the virtual world. Digital capabilities are no longer a “nice to have,” but are increasingly table-stakes, a case that was bolstered by broad business shutdowns and stay-at-home orders during the depths of the pandemic crisis. Banks and credit unions must balance the cost and scale of new technology implementation projects with the imperatives of growing deposits, managing and monitoring their portfolios and associated risk, serving their customers and members where they are and also meeting the needs of employees working remotely.