Gartner Research

5 Strategic Approaches to Digital Optimization and Transformation in Banking

Published: 11 December 2018

ID: G00375099

Analyst(s): Jason Malo , Juergen Weiss , Kimberly Harris-Ferrante

Summary

Banking firms take different paths in their digital transformation and digital business optimization journeys. Companies can be segmented into five approaches, and CIOs who are looking to support transformation and optimization need clarity on what operational strategies are needed to support each.

Table Of Contents

Analysis

  • Becoming Digital Requires Clarity and Organizational Discipline
  • Financial Services Organizations Fall Into Five Digital Clusters
  • Trends
  • Banks, Lines of Business (LOBs) and Corporate Functions Show Some Divergence
    • Small Differences in LOB Clusters
    • Differences in Strategies in Corporate Function
    • Examples of Innovation Award Winners for Different Strategic Clusters

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