Banks realize the value of quality customer experiences but continue to digitize only across separate teams and systems. Most digital transformation investments focus on how client engage on the front end: the website, branches, and service departments. While front-end engagement is important and empowering customers to engage with you anywhere, anytime on a vast array of channels of their choice does improve customer satisfaction—it's not enough to win loyal customers.
Customers expect intelligent, convenient banking. However, many traditional banks still have a disconnected front, middle, and back offices, relying on disparate processes and technologies that require human intervention. This makes it nearly impossible to meet customer servicing expectations. Traditional customer relationship management (CRM) solutions that can’t connect with legacy systems are not able to support holistic digitization and primarily improve only front-end interactions. Banking environments are often complex constellations of technology, which have created today’s challenging environment to transform at scale.