Video - How banks and lenders can accelerate their digital transformation journey - Zubair Ahmed
About the biggest challenges lenders face and why updating legacy systems and integrating new systems are key to success
Before the pandemic, banks were focusing on operational systems, and were committed to looking for the best treasury, trade finance or core banking systems. This meant that many banks used archaic loan origination systems. After COVID-19, digital transformation has become the number one priority for most executives in the banking industry. That’s why the biggest challenges that lenders face now on their digital transformation journey are updating legacy systems and integrating new systems.
In this short video extract*, Zubair Ahmed, Managing Director MEA at VeriPark, discusses why creating a common language and data integration between systems is important. He paints a picture of the transformation banks can achieve with a low-code/no-code & drag-and-drop data mapping tool.