Unprecedented times in 2020 have leaped digital adoption years forward by changing the way end users choose to pay for goods and services, and transact with each other financially. Inevitably, businesses also had to span or upgrade innovations to meet those shifting demands and endure in the age of quick digital transformation.
The case for financial institutions does not differ, specifically in introducing digital banking channels that serve remote and contactless means of conducting banking services. What was once a facility that is nice to have, became a must have, with end-users benchmarking their banking options based on the availability and eminence of those digital banking channels.
But will financial institutions that fail to prioritize developing their digital banking channels truly fall behind? The answer is yes, and here are some facts to verify that a digital shift should be realized without delay.
Learn more about ProgressSoft’s complete digital solutions, including the Electronic Check Issuance, Mobile Payments, Corporate Banking and Electronic Know Your Customer solutions.
