Reimagining the enterprise

Reports of banking’s demise have been greatly exaggerated. Banking and banks are here to stay. However, the way banking is conducted – and at times who conducts it – is changing. Intense focus on cost cutting and efficiency is ceding to expansion and growth. But growth extends beyond traditional pursuits of new markets and customers. Leading bankers are now prioritizing creation of secure platforms and ecosystems. And these new capabilities rely on sophisticated digital technologies. By conceiving and creating the structures that define banking’s future, banks are rethinking their roles and activities from the ground up and from the outside in. We call this process Digital Reinvention™.

Featured findings

66% of global banking executives surveyed said that traditional value chaines are being replaced - IBM
57% of global banking executives surveyed said boundaries between industries are blurring - IBM
61% of global banking executives surveyed said they see competition coming from new and unexpected places - IBM

About the authors

Sarah Diamond

Sarah Diamond
Global Managing Director
IBM Banking and Financial Markets for IBM

Anthony Lipp

Anthony Lipp
Global Strategy Leader
IBM Banking and Financial Markets

Nick Drury

Nick Drury
Global Banking and Financial Markets Leader
IBM Institute for Business Value

Anthony Marshall

Anthony Marshall
Research Director
IBM Institute for Business Value

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Decoding data to bolster growth and transform the enterprise

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