digital transformation in financial services

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DIGITAL TRANSFORMATION IMPROVEMENTS TO YOUR BOTTOM LINE Tiffany St James @tiffanystjames @wetransmute View the accompanying video: http://bit.ly/ DigiTransFS15

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Page 1: Digital Transformation in Financial Services

DIGITAL

TRANSFORMATION

IMPROVEMENTS TO

YOUR BOTTOM

LINE

Tiffany St James

@tiffanystjames

@wetransmute

View the accompanying video:

http://bit.ly/DigiTransFS15

Page 2: Digital Transformation in Financial Services

5 DIALS OF TRANSFORMATION

Vision

Strategy

Business

Model

Product

Operations

People

Customer

Experience

Culture

The Big 5 all Management Consultancies agree on

Page 3: Digital Transformation in Financial Services

#1 TRANSFORM YOUR BUSINESS MODEL

Digital Modified Business, New Businesses, Globalisation

Page 4: Digital Transformation in Financial Services

#2 TRANSFORM YOUR PRODUCT

Digital Modified Products, New Products

Page 5: Digital Transformation in Financial Services

#3 TRANSFORM OPERATIONAL PROCESSES

Process Digitisation, Performance Management

Page 6: Digital Transformation in Financial Services

#4 TRANSFORM YOUR PEOPLE

Talent DNA, Capability Mapping, Workforce Experience

Page 7: Digital Transformation in Financial Services

#5 TRANSFORM CUSTOMER EXPERIENCE

Customer Understanding, Channel Shift, Experience Evolution

Page 8: Digital Transformation in Financial Services

6 BUSINESS

USES OF

SOCIAL MEDIA

Page 9: Digital Transformation in Financial Services
Page 10: Digital Transformation in Financial Services

What social can deliver for the business

Current KPIs

Digital Strategy

Business Objectives

• Benchmark• Best Practice

• What works

• Current social footprint

Your Business

Competition

Similar Industry

Other Industries

What social CAN

deliver for the

business?

What social IS

delivering for you,

for your competitors,

and industry?

What people and

tech capabilities

DO you have?

THE STRATEGIC PLANNING PROCESS

Page 11: Digital Transformation in Financial Services

HR

Lower attrition rates and cost per hire, evidence based digital capability mapping

Page 12: Digital Transformation in Financial Services

PR (AND SOCIAL MEDIA MARKETING)

Engaging shareable campaign content of use or pleasure by customers

Page 13: Digital Transformation in Financial Services

DIRECT SALES

Source: Shopify: 3 ecommerce trends you need to know 2015

Page 14: Digital Transformation in Financial Services

CUSTOMER SERVICE

BT has lowered the cost of its customer service operations by £2m a year.

Page 15: Digital Transformation in Financial Services

BUSINESS INTELLIGENCE

Topic Analysis

Volume of posts Proportion of posts

Topic analysis through Natural Language Processing Tools

Page 16: Digital Transformation in Financial Services

INTERNAL COMMS

Employee collaboration digital and social spaces and tools, authentic employee-led content

Page 17: Digital Transformation in Financial Services

@wetransmute

http://wetransmute.com

View the accompanying video here:

http://bit.ly/DigiTransFS15