Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 321

Greenwich Associates Helps Banks That Are Betting Big With Massive Technology Investments

Posted by fidest press agency su venerdì, 18 ottobre 2019

Banks are collectively investing billions of dollars in new technology platforms, but when it comes to understanding how all that IT spending is actually affecting their competitive positioning, senior executives have been flying blind.A new solution from Greenwich Associates addresses this problem by helping banks to benchmark where on the digital continuum they sit relative to their peers. Performance is measured at both the overall level and in specific business functions like Onboarding, Payments, Credit Underwriting, and Sales. “As banking evolves into a technology and data business, banks that underinvest or invest poorly risk getting leapfrogged by competitors that successfully leverage tech to win market share and become more efficient,” says Don Raftery, Managing Director at Greenwich Associates. “The question for senior management is: How do you know you’re getting it right when the cost of not getting it right is large in terms of time and money?”

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