Tech-savvy and going no where near a bank: How technology is changing banking
Your target customers grew up with technology. They’re always on, always connected, and multitasking way more than is good for their health. They want to deal with their money using the devices they love, when it suits them – and heaven forbid they have to walk into a bank branch to do it. Deposit checks during the slow parts in Game of Thrones? Pay bills from the sidelines of the kid’s soccer game? If they can’t do it with an app, they’ll take their balances elsewhere.
And if you want to compete for these tech-savvy current and future customers, state-of-the-art technology is only the beginning. You also need to comply with changing regulations, keep costs low, and face off against an ever-growing list of nontraditional competitors. The banks that will thrive in coming years are those that can harness big data, support omnichannel service, and provide ultraconvenient cloud-based services – all while lowering costs and managing risks.
Overwhelmed? Unsure how to migrate from complex legacy systems to the ultra-accessible and flexible bank of tomorrow? You need a partner that can help you navigate the sea of cloud solutions, reduce risk, cut complexity, stay compliant, and drive innovation. The result: a bank of the future – one that’s agile, real-time, mobile, and ready to maximize opportunities.
Want to learn more? Explore how SAP Services for Banking can help you chart your banking future.