Periods of economic instability, rising interest rates and other economic headwinds often result in cuts to funds banks had previously allocated for digital transformation as they look to tightly manage their expenses.
At first glance, this may seem to be a delay in the important evolution of the banking industry in response to consumer demand and other shifts in the market. However, organizations do not have to make a choice strictly between investing in digital transformation and cost-efficiency. Often, an effective digital transformation can more significantly impact their bottom line than cutting costs using traditional means. In this webinar, EPAM’s Alex Jimenez explains why and explores how digital transformation can actually pave the way to greater cost optimization.