The Pace of Change

Should banks be innovation companies? Do you think it’s possible?
October 7, 2019
Progression Blockers
October 22, 2019

Please Tell Us: Do you think transformation needs to be all at once to make a difference  or can it be as effective if it is gradual?

Given the pace of change in the world of business and technology, transformation continues to be a buzz word. It gets a bit of a bad rap because it implies significant, large scale upheaval and change.

While that may be the case in some circumstances, transformation can occur by degrees. A smart transformation strategy that adequately balances cost, risk and time can still yield measurable results. Transformation is not a one-time event. An organization – particularly a bank in this day and age – must be constantly transforming, thereby creating a culture of transformation.

The type of financial services organization that can survive and thrive in the future economy will be one that has a culture of agility and transformation.  What might that world look like in the next few years?

The linked article by PwC outlines a view of Financial Services in 2020 and beyond >>> https://www.pwc.com/gx/en/financial-services/assets/pdf/technology2020-and-beyond.pdf

Leave your thoughts below:

1 Comment

  1. anonymous says:

    Cost to Value is an important measure. Most of the times, organizations want too much and end up fumbling midway.

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