The future of digital banking, revisited: executive summary

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ams, such as by improving environmental sustainability and supporting the financial well-being of customers. anks restructure their future roadmaps to build resilience and capitalize on growth opportunities. Immediate imperatives include fortifying cybersecurity and supply chains to bolster resilience. Simultaneously, banks are prioritizing the creation of new revenue stre- drive change and evolution towards collaborative business models. anks are struggling to transform by themselves. Transformation is proving hard for banks as their confidence in their future readiness decreased this year, with the biggest drops in process and structure, and cross-functional, agile collaboration – both crucial aspects to that help banks move the needle with their ecosystem ambitions, as challenges become more acute and environments more difficult. anks will rely more heavily on their vendors for assistance in coping with fast-moving market dynamics. Almost two thirds of banks (65%) prefer to turn to third parties rather than build homegrown solutions. Investments go to higher tech vendors with capabilities Sopra Banking Software is the partner of choice for more than 1,500 financial institutions worldwide. The rich variety of our solutions, the strength of our conviction and our passion for innovation enable us to support our clients on a daily basis and in their future projects, as well as in their goals regarding financial inclusion. Our customers, based in over 80 countries around the world, benefit every day from our technologies and software, as well as the expertise of our 5,000 employees. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in consulting, digital services and software development. With more than 47,000 employees, the Sopra Steria Group generated a turnover of €4.7 billion in 2021. For more information, follow us on LinkedIn, Twitter & Instagram or visit About Sopra Banking Software To read and download the full report, click here. You can also read all DBX-related content, from 2022 and 2021, by clicking here.

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