About The Boardroom

EThe world is changing, and banking is facing unprecedented disruption as a result. Technology is transforming how banks are developing business models and at the heart of it all is SaaS.

Banks need to be able to provide financial services in an agile way, be able to create new business opportunities and push efficiency and cost savings. In recent years they have learned that the ability to respond quickly and efficiently to new market dynamics is key to remaining competitive.

This presents the industry with an opportunity. A 2020 study by Boston Consulting Group found that a staggering 70% of digital transformation projects fall short of their goals. Often the reason is because the plan hasn’t been thought through enough. With banks still at the beginning of this journey, they have a chance to get this right before modernization projects kick off