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bank digital transformation

Digital Transformation offers a look into getting your strategy right

“According to our partners at Cornerstone Advisors, by the end of 2022 a full 96% of credit unions had launched a digital transformation strategy—but only 3% report they have completed their efforts,” said Christopher Stevenson, CAE, CIE, CUES SVP/Chief Learning Officer.

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CUs & Banks Doubled Digital Transformation Investments in 2022

“The banks and credit unions in this report with the best overall financial performance consistently outperform their peer financial institutions on a wide range of digital banking metrics,” Cornerstone Chief Research Officer Ron Shevlin said. “The correlation is strong enough to suggest that institutions with improved digital banking performance are likely to improve overall business performance.”

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Getting Everyone on Board the Digital Transformation Journey

Here are some organization-wide initiatives for banks to consider as they dive into digital transformation initiatives.

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