Banking Software for the Digital Age
Thank you to all of our attendees from our banking symposium who came to New York to hear Infor Product Director Glen H. Chancy discusses the benefits of #DigitalTransformation and the best practices of #DigitalBanking at the Commercial Banking Forum in New York City. Special thanks to all of our panelists as well!
Treasury management within commercial banking is evolving. Banks need to drive actionable insights and understand the trends from the rich data store in treasury billing systems, but often, professionals are constrained by aging legacy technology and time-consuming manual processes. Frequently banks would like to implement innovative strategies but these efforts are hampered by inflexible billing systems requiring extensive manual efforts to implement and monitor such client offerings.
The recent acceleration in digital transformation in financial services and transaction banking due to the pandemic is not the exception. Customers around the world demand access to services 24/7, with instantaneous billing and payments, and a fully digital experience the new normal. There is also increasing pressure for banks to innovate and differentiate their transaction banking offerings to stand out from the crowd against a backdrop of growing competition from digital and non-bank players.
I am privileged to be a panelist on an exciting upcoming Webinar on Wednesday, 22 April 2020 at 12 pm EDT. The topic grew out of a survey done of North American companies of all sizes about their needs for bank statements/reporting. We uncovered quite a number of recommended best practices. Be sure to visit this link to register today!