Page 8 - THE NOTICEBOARD NEWSPAPER EDITION 68 MAY-JUNE 2021
P. 8

Page 8                                                                            May - June, 2021

            Key Digital Transformation Trends in Financial Services



        ·      Reduce costs                   Employee Experience                 has always been and will
        ·      Increase the speed of          The employee experience             always be important.
           transactions                       matters now more than               However, it is constantly
        ·      Reduce the number of           ever. Employees are                 changing over time.
           intermediary banks                 standing up for themselves          Most recently, the

        Overall, blockchain saves             and making their wants and          customer experience has
        organizations tons of money.          needs known.                        pushed into the world of
        When it comes to                      Listening is the smartest           social media, online

        transformation in banking,            thing to do.
        blockchain is essential.              First of all, your employees
                                              are the reason that your
        AI and ML                             business is running as well
        AI (artificial intelligence)          as it is. Second of all, your

        and ML (machine learning)             employees are the ones
        are critical to a successful          who are interacting with
                                              your customers/clients. We

                                              provide companies with
                                                                                  interaction, and personal
                                              senior tech talent and
                                                                                  relations. To catch a
                                              product development
                                                                                  consumer's eye today, you
                                              expertise to build world-
                                                                                  need quick, informative
        digital transformation. Both          class software. Let's talk          advertisements that suit
        increase efficiency and               about how we can help you.
                                                                                  the customer's needs.
        decrease cost. One of the                                                 One of the most popular
        most common and most                  Both points should be more          ways of enhancing and
        simple forms of this exists           than enough explanation as          improving the customer
        on nearly every website               to why you need to cherish          experience is through

        today: a chatbox. A simple            them. Plus, your employees          financial app development.
        chat on screen can drive              are only human. Give them
        sales and assist customers            grace and learn to work             Strong Governance

        automatically.                        with them rather than               The key to governance is
                                              above them.
                                                                                  an effective, concrete
        AI systems can work with                                                  strategy for measuring
        data from machine learning            Customer Experience                 growth. Using the right
        to target specific products           The customer experience
                                                                                  metrics and tools is the
        and services to specific
                                                                                  key to ensuring that
        visitors. This kind of
                                                                                  you're looking after your
        investment in digital
                                                                                  business and everything
        transformation can help
                                                                                  that it's trying to
        your business see a ton of
                                                                                  accomplish.
        growth.
                                                                                  Strong governance is one
                                                                                  of the most important
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