![edge blending good percentage of overlap edge blending good percentage of overlap](https://support.usa.canon.com/library/CANON/CITS_TECH_SUPPORT/Projectors/WUX7000z/2911.png)
We expect no letup in the pace of change. In addition, banks increasingly realize that to succeed with digital, they must adopt the habits and culture of digitally native companies: for example, opening up the banks’ application programming interfaces, pursuing agile development, or hosting hackathons to foster intensive digital collaboration. They have also significantly upgraded web and mobile technologies and created innovation and testing centers. Most have invested heavily in transaction migration. Globally, more innovative incumbent banks and financial institutions are moving rapidly to embrace digital. If you would like information about this content we will be happy to work with you. We strive to provide individuals with disabilities equal access to our website. Indeed, our analysis suggests that digital laggards could see up to 35 percent of net profit eroded, while winners may realize a profit upside of 40 percent or more (exhibit). Institutions that resist digital innovation will be punished by customers, financial markets, and-sometimes-regulators. Revenues and profits will migrate at scale toward banks that successfully use digital technologies to automate processes, create new products, improve regulatory compliance, transform the experiences of their customers, and disrupt key components of the value chain. If they fail to take action, they risk entering a spiral of decline similar to laggards in other industries. Banks have three to five years at most to become digitally proficient. This will include rapid innovation in payments and the broader transformation in systems enabled by digital technologies.
![edge blending good percentage of overlap edge blending good percentage of overlap](https://www.immersaview.com/wp-content/uploads/2015/04/image5.png)
If the last epoch in retail banking was defined by a boom-to-bust expansion of consumer credit, the current one will be defined by digital.