Driving efficiency for financial institutions

Key takeaways:

  1. FIs are under pressure to boost efficiency. Legacy processes, outdated tech, and cultural hurdles complicate this shift;
  2. AI and automation can cut costs and elevate service quality when applied strategically. Recognizing positive behaviors significantly outweighs penalties in driving change;
  3. A robust efficiency strategy requires a bold vision backed by thoughtful tech investments.

Source: https://www.bain.com/insights/driving-efficiency-in-legacy-environments-modern-tools-to-transform-financial-services-firms/