[{"data":1,"prerenderedAt":75},["ShallowReactive",2],{"i-material-symbols:language":3,"i-material-symbols:person":8,"i-mdi:instagram":10,"i-mdi:youtube":12,"i-ri:linkedin-fill":14,"i-ri:twitter-x-line":16,"i-ri:facebook-fill":18,"post-digital-transformation-banking":20,"i-material-symbols:person-outline":69,"i-material-symbols:calendar-month":71,"i-mdi:schedule":73},{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":7},0,24,false,"\u003Cpath fill=\"currentColor\" d=\"M8.125 21.213q-1.825-.788-3.187-2.15t-2.15-3.188T2 11.988t.788-3.875t2.15-3.175t3.187-2.15T12.013 2t3.875.788t3.175 2.15t2.15 3.175t.787 3.875t-.787 3.887t-2.15 3.188t-3.175 2.15t-3.875.787t-3.888-.787M12 19.95q.65-.9 1.125-1.875T13.9 16h-3.8q.3 1.1.775 2.075T12 19.95m-2.6-.4q-.45-.825-.787-1.713T8.05 16H5.1q.725 1.25 1.813 2.175T9.4 19.55m5.2 0q1.4-.45 2.488-1.375T18.9 16h-2.95q-.225.95-.562 1.838T14.6 19.55M4.25 14h3.4q-.075-.5-.112-.987T7.5 12t.038-1.012T7.65 10h-3.4q-.125.5-.187.988T4 12t.063 1.013t.187.987m5.4 0h4.7q.075-.5.113-.987T14.5 12t-.038-1.012T14.35 10h-4.7q-.075.5-.112.988T9.5 12t.038 1.013t.112.987m6.7 0h3.4q.125-.5.188-.987T20 12t-.062-1.012T19.75 10h-3.4q.075.5.113.988T16.5 12t-.038 1.013t-.112.987m-.4-6h2.95q-.725-1.25-1.812-2.175T14.6 4.45q.45.825.788 1.713T15.95 8M10.1 8h3.8q-.3-1.1-.775-2.075T12 4.05q-.65.9-1.125 1.875T10.1 8m-5 0h2.95q.225-.95.563-1.838T9.4 4.45Q8 4.9 6.912 5.825T5.1 8\"\u002F>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":9},"\u003Cpath fill=\"currentColor\" d=\"M9.175 10.825Q8 9.65 8 8t1.175-2.825T12 4t2.825 1.175T16 8t-1.175 2.825T12 12t-2.825-1.175M4 20v-2.8q0-.85.438-1.562T5.6 14.55q1.55-.775 3.15-1.162T12 13t3.25.388t3.15 1.162q.725.375 1.163 1.088T20 17.2V20z\"\u002F>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":11},"\u003Cpath fill=\"currentColor\" d=\"M7.8 2h8.4C19.4 2 22 4.6 22 7.8v8.4a5.8 5.8 0 0 1-5.8 5.8H7.8C4.6 22 2 19.4 2 16.2V7.8A5.8 5.8 0 0 1 7.8 2m-.2 2A3.6 3.6 0 0 0 4 7.6v8.8C4 18.39 5.61 20 7.6 20h8.8a3.6 3.6 0 0 0 3.6-3.6V7.6C20 5.61 18.39 4 16.4 4zm9.65 1.5a1.25 1.25 0 0 1 1.25 1.25A1.25 1.25 0 0 1 17.25 8A1.25 1.25 0 0 1 16 6.75a1.25 1.25 0 0 1 1.25-1.25M12 7a5 5 0 0 1 5 5a5 5 0 0 1-5 5a5 5 0 0 1-5-5a5 5 0 0 1 5-5m0 2a3 3 0 0 0-3 3a3 3 0 0 0 3 3a3 3 0 0 0 3-3a3 3 0 0 0-3-3\"\u002F>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":13},"\u003Cpath fill=\"currentColor\" d=\"m10 15l5.19-3L10 9zm11.56-7.83c.13.47.22 1.1.28 1.9c.07.8.1 1.49.1 2.09L22 12c0 2.19-.16 3.8-.44 4.83c-.25.9-.83 1.48-1.73 1.73c-.47.13-1.33.22-2.65.28c-1.3.07-2.49.1-3.59.1L12 19c-4.19 0-6.8-.16-7.83-.44c-.9-.25-1.48-.83-1.73-1.73c-.13-.47-.22-1.1-.28-1.9c-.07-.8-.1-1.49-.1-2.09L2 12c0-2.19.16-3.8.44-4.83c.25-.9.83-1.48 1.73-1.73c.47-.13 1.33-.22 2.65-.28c1.3-.07 2.49-.1 3.59-.1L12 5c4.19 0 6.8.16 7.83.44c.9.25 1.48.83 1.73 1.73\"\u002F>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":15},"\u003Cpath fill=\"currentColor\" d=\"M6.94 5a2 2 0 1 1-4-.002a2 2 0 0 1 4 .002M7 8.48H3V21h4zm6.32 0H9.34V21h3.94v-6.57c0-3.66 4.77-4 4.77 0V21H22v-7.93c0-6.17-7.06-5.94-8.72-2.91z\"\u002F>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":17},"\u003Cpath fill=\"currentColor\" d=\"M10.488 14.651L15.25 21h7l-7.858-10.478L20.93 3h-2.65l-5.117 5.886L8.75 3h-7l7.51 10.015L2.32 21h2.65zM16.25 19L5.75 5h2l10.5 14z\"\u002F>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":19},"\u003Cpath fill=\"currentColor\" d=\"M14 13.5h2.5l1-4H14v-2c0-1.03 0-2 2-2h1.5V2.14c-.326-.043-1.557-.14-2.857-.14C11.928 2 10 3.657 10 6.7v2.8H7v4h3V22h4z\"\u002F>",{"postType":21,"id":22,"author":23,"date":26,"modified":27,"title":28,"slug":29,"seoTitle":30,"seoDescription":31,"excerpt":32,"trimmedExcerpt":33,"content":34,"readingTime":35,"featuredImage":36,"postCategory":42,"relatedPosts":47},"post",36905,{"id":24,"name":25},"author-0301142015","Canto","2019-11-12T08:01:56","2025-12-18T13:01:48","A guide to digital transformation banking","digital-transformation-banking","Digital transformation banking – A modern guide","Digital transformation banking is a growing necessity for banks trying to keep up with modern customers. Learn about how they're handling it here.","A digital transformation is a complete reconstruction of something physical into a digital realm. For example, a company undergoing a digital transformation moves on from antiquated processes to newer digital technologies. As you probably already guessed, digital transformation banking is an extension of this process. Here’s a brief explanation of what it is and a […]","A digital transformation is a complete reconstruction of something physical into a digital realm. For example, a company undergoing a...","\u003Cp class=\"wp-block-paragraph\">A \u003Ca href=\"\u002Fblog\u002Fdigital-transformation\u002F\">digital transformation\u003C\u002Fa> is a complete reconstruction of something physical into a digital realm. For example, a company undergoing a digital transformation moves on from antiquated processes to newer digital technologies. As you probably already guessed, digital transformation banking is an extension of this process. Here’s a brief explanation of what it is and a breakdown of all the different variables it encompasses.\u003C\u002Fp>\u003Ch2 class=\"wp-block-heading\" id=\"toc-1--what-is-digital-transformation-in-banking\">What is digital transformation in banking?\u003C\u002Fh2>\u003Cp class=\"wp-block-paragraph\">Digital transformation in banking involves a change from traditional banking services and processes to digital experiences. In particular, this includes changes to customer experiences and physical infrastructures. Furthermore, a banking digital transformation also refers to the backend maintenance and restructuring.\u003C\u002Fp>\u003Cp class=\"wp-block-paragraph\">For example, depositing a check traditionally meant driving to a bank and handing it to a teller for deposit. A digital transformation of this bank would enable customers to deposit the check digitally through the use of technology. Some banks, for example, have mobile banking apps which allow customers to photograph a check with their smartphone in order to deposit it.\u003C\u002Fp>\u003Cfigure class=\"wp-block-image aligncenter wp-image-36914\">\u003Cimg loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"533\" src=\"\u002Fcdn\u002Fen\u002F2019\u002F11\u002F19193246\u002Fdigital-transformation-banking-2.jpg\" alt=\"An illustration of online banking.\" class=\"wp-image-36914\" srcset=\"\u002Fcdn\u002Fen\u002F2019\u002F11\u002F19193246\u002Fdigital-transformation-banking-2.jpg 800w, \u002Fcdn\u002Fen\u002F2019\u002F11\u002F19193246\u002Fdigital-transformation-banking-2-450x300.jpg 450w, \u002Fcdn\u002Fen\u002F2019\u002F11\u002F19193246\u002Fdigital-transformation-banking-2-768x512.jpg 768w\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Digital transformations have made online banking a staple.\u003C\u002Ffigcaption>\u003C\u002Ffigure>\u003Ch2 class=\"wp-block-heading\" id=\"toc-2--why-is-a-digital-transformation-important-for-banks\">Why is a digital transformation important for banks?\u003C\u002Fh2>\u003Cp class=\"wp-block-paragraph\">The biggest reason digital transformations are becoming a necessity for banks is the impact it has on customer experiences. This of course directly affects customer satisfaction, which then helps banks retain customers. Banks see the nature of modern transactions – a world of one-click purchases and instant access – and they realize that customers will expect similar of them. For this reason, adapting digital experiences effectively for customers will make all the difference.\u003C\u002Fp>\u003Cp class=\"wp-block-paragraph\">The next big argument comes from the fact that digital transformation will help banks harness the potential of data. By overhauling their approach and integrating digital systems into their everyday processes, banks potentially increase their chances at better understanding customers. Furthermore, these newfound analytics typically help them save money.\u003C\u002Fp>\u003Cfigure class=\"wp-block-image aligncenter wp-image-36917\">\u003Cimg loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"533\" src=\"\u002Fcdn\u002Fen\u002F2019\u002F11\u002F19193246\u002Fdigital-transformation-banking-3.jpg\" alt=\"A man using a mobile device to view banking numbers.\" class=\"wp-image-36917\" srcset=\"\u002Fcdn\u002Fen\u002F2019\u002F11\u002F19193246\u002Fdigital-transformation-banking-3.jpg 800w, \u002Fcdn\u002Fen\u002F2019\u002F11\u002F19193246\u002Fdigital-transformation-banking-3-450x300.jpg 450w, \u002Fcdn\u002Fen\u002F2019\u002F11\u002F19193246\u002Fdigital-transformation-banking-3-768x512.jpg 768w\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Digital transformations are important for data analysis.\u003C\u002Ffigcaption>\u003C\u002Ffigure>\u003Ch2 class=\"wp-block-heading\" id=\"toc-3--what-are-some-necessary-preparations-and-maintenance-tasks\">What are some necessary preparations and maintenance tasks?\u003C\u002Fh2>\u003Cp class=\"wp-block-paragraph\">Of course with the transformation comes two separate phases, the implementation phase and the maintenance phase. These are continual and overlap all the time. Part of the preparations include understanding what types of things customers want digitized. For example, a lot of customers actually prefer traditional processes over digital modes when it comes to complex transactions. This involves things like opening a new account or taking out a loan. Implement your digital tools around the needs of your customers.\u003C\u002Fp>\u003Cp class=\"wp-block-paragraph\">A necessary factor in all this is the continual review of all current and potential future digital processes. Success in this area stems from having the right digital mindset instilled into managers. It also comes from the ability for an entire culture to adopt these new strategies and processes.\u003C\u002Fp>\u003Cp class=\"wp-block-paragraph\">Digital transformations have been truly revolutionary to the way banks operate and how they fulfill the ever-changing needs of their customers. Though these transformations usually involve converting banks to some sort of hybrid between physical and digital, they are certain to continue changing. Be prepared for vastly different daily operations at your banks in the near future.\u003C\u002Fp>",3,{"url":37,"url_md":38,"alt":39,"height":40,"width":41},"https:\u002F\u002Fwww.canto.com\u002Fcdn\u002Fen\u002F2019\u002F11\u002F19193247\u002Fdigital-transformation-banking.jpg","https:\u002F\u002Fwww.canto.com\u002Fcdn\u002Fen\u002F2019\u002F11\u002F19193247\u002Fdigital-transformation-banking-450x253.jpg","A laptop and mobile device using online banking.",449,800,[43],{"id":44,"slug":44,"title":45,"path":46},"industry-insights","Industry insights","\u002Fpost-category\u002Findustry-insights\u002F",[48,55,62],{"featuredImage":49,"postId":50,"slug":51,"title":52,"description":53,"path":54},"https:\u002F\u002Fwww.canto.com\u002Fcdn\u002Fen\u002F2019\u002F09\u002F19193714\u002Fflowerbed-for-jack-450x337.jpg",34542,"lisa-kyle-nest-fragrances","Creative spotlight: Turning chaos into clarity with Lisa Kyle from NEST Fragrances","Lisa Kyle, Project Manager of Design and Photography at NEST Fragrances, talks about her role there, creativity and staying organized amidst all the chaos.","\u002Fblog\u002Flisa-kyle-nest-fragrances\u002F",{"featuredImage":56,"postId":57,"slug":58,"title":59,"description":60,"path":61},"https:\u002F\u002Fwww.canto.com\u002Fcdn\u002Fen\u002F2020\u002F04\u002F19191954\u002Fbest-podcasts-for-business-4-450x300.jpg",44044,"best-podcasts-for-business","The 3 absolute best modern podcasts for business","Fill the extra time in your day with a powerful learning tool, like a business podcast. Here’s a look at three podcasts for business currently available.","\u002Fblog\u002Fbest-podcasts-for-business\u002F",{"featuredImage":63,"postId":64,"slug":65,"title":66,"description":67,"path":68},"https:\u002F\u002Fwww.canto.com\u002Fcdn\u002Fen\u002F2019\u002F10\u002F19193519\u002Fdigital-footprint-450x450.jpg",35505,"digital-footprint","2 ways you can manage your digital footprint: A practical guide","Do you know what a digital footprint is? Do you know how to handle yours correctly? Read more all about digital footprints here.","\u002Fblog\u002Fdigital-footprint\u002F",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":70},"\u003Cpath fill=\"currentColor\" d=\"M9.175 10.825Q8 9.65 8 8t1.175-2.825T12 4t2.825 1.175T16 8t-1.175 2.825T12 12t-2.825-1.175M4 20v-2.8q0-.85.438-1.562T5.6 14.55q1.55-.775 3.15-1.162T12 13t3.25.388t3.15 1.162q.725.375 1.163 1.088T20 17.2V20zm2-2h12v-.8q0-.275-.137-.5t-.363-.35q-1.35-.675-2.725-1.012T12 15t-2.775.338T6.5 16.35q-.225.125-.363.35T6 17.2zm7.413-8.587Q14 8.825 14 8t-.587-1.412T12 6t-1.412.588T10 8t.588 1.413T12 10t1.413-.587M12 18\"\u002F>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":72},"\u003Cpath fill=\"currentColor\" d=\"M12 14q-.425 0-.712-.288T11 13t.288-.712T12 12t.713.288T13 13t-.288.713T12 14m-4.712-.288Q7 13.426 7 13t.288-.712T8 12t.713.288T9 13t-.288.713T8 14t-.712-.288M16 14q-.425 0-.712-.288T15 13t.288-.712T16 12t.713.288T17 13t-.288.713T16 14m-4 4q-.425 0-.712-.288T11 17t.288-.712T12 16t.713.288T13 17t-.288.713T12 18m-4.712-.288Q7 17.426 7 17t.288-.712T8 16t.713.288T9 17t-.288.713T8 18t-.712-.288M16 18q-.425 0-.712-.288T15 17t.288-.712T16 16t.713.288T17 17t-.288.713T16 18M5 22q-.825 0-1.412-.587T3 20V6q0-.825.588-1.412T5 4h1V2h2v2h8V2h2v2h1q.825 0 1.413.588T21 6v14q0 .825-.587 1.413T19 22zm0-2h14V10H5z\"\u002F>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":74},"\u003Cpath fill=\"currentColor\" d=\"M12 20a8 8 0 0 0 8-8a8 8 0 0 0-8-8a8 8 0 0 0-8 8a8 8 0 0 0 8 8m0-18a10 10 0 0 1 10 10a10 10 0 0 1-10 10C6.47 22 2 17.5 2 12A10 10 0 0 1 12 2m.5 5v5.25l4.5 2.67l-.75 1.23L11 13V7z\"\u002F>",1789479963947]