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The global banking industry is growing through interesting times, with various technologies and innovations around digital, AI, Blockchain and the like driving significant change. As a result, Banking is another sector that is being impacted and betting big on digital.
Fintech companies are those that combine finance and technology, as the name suggests, representing the digital combination of the two industries, creating synergies as well as disruption for the larger financial world
Digital transformation must be taken with the end objective in mind – such as some financial impact on the top line or the bottom line
A successful digital transformation roadmap is a roadmap, requires a critical strategy and then execution to achieve various business goals
What is Digital Transformation and what are the key objectives of this transformation?
Digital transformation is the disruptive redefinition of any aspect, part or whole of a business digitally with a financial impact on top line, bottom line or both. Digital Transformation is not the end! it is a means towards an end, that can be leveraged or implemented across the business.