Progressive modernization: a tech leader's blueprint for future-proofing banks

As a tech leader in the banking industry, your highest priority is to leverage technology to drive business value. Technology has become the primary catalyst for gaining a competitive advantage and creating a strategic disruption in your sector — which means your technological roadmap is your roadmap to profitability. Yet a perplexing reality persists — a significant number of tech leaders in financial institutions are struggling to harness the full power of their technological arsenal and translate it into tangible business value. In fact, McKinsey estimates that, on average, banks convert just five to ten cents of every dollar of tech spend into additional business value.

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