While digital banking transformation is a priority for the vast majority of financial institutions of all sizes, the progress at many organizations is slower than desired. With an uncertain economy, banks and credit unions must prioritize strategies that will generate positive results quickly and at scale.
According to research by Alkami Technology, executives at financial institutions of all sizes ranked their progress with digital transformation as a 58 on a scale of 0-100. When asked about their strategic priorities for digital banking transformation, these same executives stated their top three strategic priorities as optimizing processes and operations (41%), gaining a competitive advantage (31%), and increasing top-line growth (29%).
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