Normally banks are organized around money in branches. Their thinking, their technology, their incentive systems, their knowledge about customers are all structured around branches and product lines. To become digital, banks have to focus on electronic platforms and data as their core and branches as secondary. To get to an integrated electronic platform, banks may need to replace/upgrade their core systems. There are technology workarounds, like middleware, can be used to build digital capabilities around core banking system.
Post Comments(0)