• Pioneers prioritize, invest in, and nurture their partner ecosystems.
Improving business and IT integration with their partners was the
highest priority for Pioneers when it comes to their future visions
and roadmaps. Six out of 10 Pioneers prioritized this, which was
double the amount of other maturity segments. This is reflected in
Pioneers' investments as well. Ninety-one percent of respondents at
Pioneer organizations reported that their banks plan to increase their
investments in this initiative. Half of this percentage plan to do so by
more than 6%, and one in five plan to do so by more than 10% in the
next year. Almost all respondents at Pioneer organizations said their
banks plan to increase investments in distributing their products/
services via other marketplaces or ecosystems — seven out of 10 by
more than 6% — showing that they were not afraid of disintermediation.
• Pioneers place a strong focus on innovation, modernization, and
emerging tech. Innovating new digital products and services was the
second highest priority for Pioneers (49%) when it comes to their future
vision and roadmap versus just 32% on average for other segments.
Accordingly, investments were high. Over nine out of 10 respondents
at Pioneer organizations noted their banks plan to increase investment
in this initiative, and a third plan to increase budget by more than 10%.
A similarly high number of Pioneers also plan to increase investment
in upgrading their legacy business applications/systems (96%) and
emerging technologies (91%).
MASTER ECOSYSTEMS TO BE FUTURE-READY IN BANKING 10
