McKinsey's research indicates that banks that quickly adopt digital innovations see up to a 15% increase in revenue and a 20% reduction in costs. Despite this, 65% of banking executives believe outdated data management systems significantly hinder their operational efficiency. Leaders in banks and credit unions are now prioritizing data modernization to enhance operational efficiency and customer satisfaction.
How can your institution use improve efficiency and customer relationships? We share highlights from a leader panel at the Data Modernization for Banking and Credit Union Growth event that Zennify hosted at the Databricks Data + AI Summit earlier this month. The goal? Showcase leading financial institutions that are driving data unification and AI-readiness within their organization.
Below, we share highlights from our conversation with Barb MacLean, SVP of Technology Operations and Implementation at Coastal Community Bank and Gabe Arce, VP of Salesforce & Omnichannel Centers of Excellence at Axos Bank.