Poor strategy execution: It is time for a new perspective

In this blog Innopay introduces a proven approach how to successfully execute a strategy for large financial institutions. This approach acknowledges the importance of customer centricity but demonstrates that complex organisations, like financial institutions, require a holistic understanding of their operating model in order to become and remain successful.

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Banks will lose when not changing their perspective on how to realise customer centricity

Becoming customer centric, means that traditional banks need to be in it for the long haul and go through a long, disrupting and often uncertain transformation. It is therefore imperative to balance long term spend with effective short term results. Therefore, contrary to conventional approaches, Innopay advises to start with establishing an activity-based view of the existing operating model to enable banks to deliver these short term results. This is the only way to face competition, deal with regulation and safeguard and sustain client relationships.

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