How to Avoid 7 Common Digital Transformation Mistakes: Infographic
For most institutions, transforming your infrastructure takes time and hard work. That’s why it’s so important to know where your institution currently is and where you hope to be as your digital transformation strategy evolves. This kind of early preparation can help you navigate the challenges of a transformation and improve your chances of long-term success.
Define target state objectives
Foster a collaborative environment
Confirm scope during planning
Maintain an integrated program plan
Establish project delivery methods
Manage risk and controls
Monitor resource capacity
Building a strong foundation with clearly defined goals and objectives is a powerful way to track your progress, and knowing who is responsible for which strategy can help strengthen leadership and accountability.
Are you ready to start preparing and planning for a seamless and efficient digital transformation that will optimize business processes and improve compliance?
Download nCino’s digital transformation infographic and let us know how we can help you on your digital journey!
The banking industry stands at a critical inflection point. As we advance through 2025, artificial intelligence has evolved from experimental technology to a strategic imperative reshaping how financial institutions operate, serve customers, and manage risk.
The building society sector continues to demonstrate remarkable resilience and momentum, accounting for 72% of mortgage market growth between April and September 2024.
In today's increasingly complex economic landscape, financial institutions face mounting pressure to adapt to policy changes that significantly impact their lending portfolios. The current administration's implementation of tariffs presents both immediate challenges and long-term considerations for lenders across the United States. With rising economic policy uncertainty weighing on business fixed investments, financial institutions must prepare for potential credit deterioration and adjust their risk management strategies accordingly.
As community banks and credit unions navigate a constantly evolving financial landscape, a few challenges become clear. From delivering modern member experiences to understanding the role of legacy systems in a digital world, it’s crucial that community banks and credit unions find solutions that best serve their borrowers.
Transformational Innovation for Credit Union SuccessCredit unions strive to provide meaningful financial services to their members while navigating operational complexities such as compliance, risk management, competition, and evolving member expectations. Enter nCino, a technology partner uniquely equipped to address these challenges through our unified cloud-based platform.
