Executive Report: Is Your Bank Ahead or Behind?

New research shows FIs have unique challenges when it comes to digital transformation—as well as unique ways to solving them.

This report serves as a modernization guide for financial institutions and covers the current state of technology transformations, the biggest opportunities for growth, and next steps toward modernization for FIs.

With digital transformation at the forefront of company growth, many organizations are attempting to keep pace when it comes to technology modernization efforts. But with these IT efforts key to survival in many industries, most businesses haven’t met their modernization goals to maintain leadership in this digital era. Surprisingly, FIs’ obstacles stand out because of particular IT challenges and goals. But why are FIs so far behind when it comes to modernization?

Levvel’s research and industry experts surveyed hundreds of professionals across various industries, with this executive report specifically highlighting the findings from financial institution (FI) respondents.

This report serves as a modernization guide for financial institutions and covers the current state of technology transformations, the biggest opportunities for growth, and next steps toward modernization for FIs.

Authored By

Fred Fuller, Senior Director, Financial Services and Payments

Fred Fuller

Senior Director, FS&P, Levvel

John Dickerson, Senior Director

John Dickerson

Senior Director

Daniel Ramirez, Senior Research Consultant

Daniel Ramirez

Senior Research Consultant

How can this report help you?

  • Learn the current tech state of FIs
  • Common barriers and challenges to FI modernization
  • Discover why FIs are modernizing at a slower pace
  • Opportunities for growth among FIs
  • Debunking common misconceptions about modernization efforts
  • Roadmap and next steps to transforming technology at an FI
report-preview

Executive Report: Is Your Bank Ahead or Behind?

New research shows FIs have unique challenges when it comes to digital transformation—as well as unique ways to solving them.

Read the Report

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