What drives success in digital banking?
What drives success in digital banking transformation?
In the ever-changing and competitive world of finance, it’s important for banks to keep up with the latest trends in order to stay ahead of the curve. One such trend is the increasing popularity of digital banking.
So, what drives success in digital banking? There are many factors at play, but a few key ones include offering a great user experience, providing innovative features and services, and staying ahead of the competition.
InvestGlass offers a cloud-based solution that’s perfect for private banks and neo banks. Our PMS is packed with innovative features, and we’re always working on new ways to improve the user experience. Contact us today to learn more about how InvestGlass can help you succeed in digital banking!
1. What is digital transformation and why is it growing in popularity?
Digital banking is needed because it offers a number of advantages over traditional banking methods. For one, it’s more convenient and efficient. You can do your banking from anywhere in the world, at any time of day or night. And thanks to the latest technologies, transactions are processed quickly and smoothly.
Digital banking is also more secure than traditional methods. Banks use a variety of security measures to protect your data and financial information, so you can rest assured that your money is safe.
Finally, digital banking is more affordable than traditional banking. There are no hidden fees or charges, and most banks offer a range of convenient payment options.
2. What are the benefits of digital banking for consumers and businesses alike?
The key factors to a good digital banking implementation are convenience, efficiency, security, and affordability. By offering a great user experience, providing innovative features and services, and staying ahead of the competition, banks can ensure that their customers are happy with their digital banking solution. And by keeping costs low and security high, banks can make digital banking an attractive option for businesses as well.
Traditional financial institutions can use digital technology for a number of different purposes:
– To reduce costs associated with paper transactions and human tellers
– To speed up transaction times
– To offer new services such as mobile banking and payments
– To increase security through the use of advanced technologies such as biometrics
– To reach new markets and customer segments
In order to maximize the benefits of digital banking, banks need to focus on offering a great user experience, providing innovative features and services, and staying ahead of the competition. InvestGlass can help you succeed in digital banking – contact us today to learn more!
With that in mind, a new business model is arising where success is directly proportional to digital capabilities and how successfully digital banks can engage with wider customer segments:
- One of the benefits of digital banking is that it can help reduce a bank’s reliance on physical infrastructure.
- This helps banks to build stronger relationships with their customers and create more loyalty among them.
- Reliance on services revenue
- Consistent customer engagement through digital channels
3. How can InvestGlass help you succeed in digital banking and multiple digital channels?
InvestGlass team can help you in many ways :
- migrate your legacy technology
- create fast feedback mechanisms
- implement a continuous improvement
- analysis of your cyber security from your legacy systems
- implement when possible an artificial intelligence
- create loan applications forms
- improve customer experiences during onboarding and KYC remediation phases
- brainstorm for new business models
- work with your current organizational culture to setup a continuous integration mindset
- work cross-functional teams
- implement agile principles with new fintech solutions you are adding to your stack
- find innovative products to improve your operating model
- connect InvestGlass to new digital products
- guarantee that the value proposition is maintained, as well as customer satisfaction, even when you build a new digital transformation journey
- connect your bank to open banking network
- increased productivity with seamless experiences and banker improve efficiency
4. How to build a digital bank with InvestGlass digital technologies?
If you’re looking for a cloud-based solution that can help you succeed in digital banking, InvestGlass is the perfect option. With our advanced technology and years of experience in the financial industry, we can help you achieve your goals and stay ahead of the competition. InvestGlass is a Swiss-based solution – incorporated in Switzerland with a Swiss ownership. Those are InvestGlass key success factors most consumers are looking for.
Cloud technology can also be installed on your server which means that we can isolate all your information on your server.
InvestGlass offers 5 key components:
1. InvestGlass KYC which helps you to onboard your customer – the CRM
2. InvestGlass Loans which offers a fast, convenient and paperless way to apply for loans – DIGITAL FORMS
3. InvestGlass PMS which provides a safe and secure way to manage your investments
4. InvestGlass Investment automation and approval process which gives you the ability to track your investments in real-time and send alerts of suitability and appropriateness – Marketing AUTOMATIONS
5. InvestGlass client portal where you can add relevant products based on customer expectations and customer data.
We have setup this methodology to improve data migration if you are using a legacy CRM, PMS and compliance tool.
The system is built for traditional banks with legacy systems or modern banks. Large financial institutions can work with InvestGlass and their favorite banking industry consultants. InvestGlass works with AURORA, JayBee, Capgemini…
The integration of new technologies, improved use of data and analytics, the ubiquity of mobile devices, and new digital apps have enabled consumers to get what they want almost exactly at the moment they want it.
Our objective is to deliver a successful digital transformation matching your operations minimum viable needs, offering greater convenience, with shorter release cycles and improved customer experiences.