Alliance Bank Malaysia Berhad: Driving digital transformation in Malaysian Banking Alliance Bank Malaysia Berhad is a prominent financial institution in…
Browsing: digital banking
What happened: Digital banking platform Lumin Digital raises over $160M Cloud-native digital banking platform Lumin Digital has secured over $160…
New service charges and system glitch response CBE has introduced new fees for previously free services, particularly affecting mobile money transfers. Authorised withdrawals remain free,…
OUR TAKEThis $4 million investment is a game-changer. It’s not just about numbers; it’s about real people getting the financial tools…
OUR TAKENeobanks offer a more convenient, adaptable, and cost-effective experience compared to traditional banks. Customers can now meet all their…
In the wake of the COVID-19 pandemic, the banking industry has been thrust into a pivotal transformation, with cloud technology emerging as a cornerstone for survival and efficiency. This excerpt explores how financial institutions that embraced cloud-based systems managed to maintain uninterrupted operations during extensive remote work periods. The crisis not only accelerated the adoption of digital services but also redefined the strategic imperatives for banks. Now, integrating digital tools to enhance customer and employee interactions is not just advantageous—it’s essential. Banks are now tasked with implementing robust digital infrastructures that ensure operational resilience and meet the evolving expectations of a digital-first customer base.
In the face of evolving consumer expectations and the rapid advancement of technology, community banks find themselves at a crossroads: adapt to the digital age or face obsolescence. This excerpt delves into the critical need for these institutions to embrace a comprehensive digital transformation, highlighting the urgency of adapting to digital banking, the importance of maintaining compliance and enhancing security, and the strategic overhaul necessary to remain competitive in a digital-first financial landscape.