The digital transformation of the banking industry is in full flow as banks look to automate customer experiences and scale DeFi efforts

The extensive outlook for digital transformation in banking was expected this year. In December last year, Provenir’s Managing Director for EMEA, Frodo Berg, said “the widespread adoption of hyper-automation and the integration of AI will further empower financial institutions to streamline their operations, boost efficiency and harness the power of data analytics”.

As we hit the mid-point of 2024, legacy banks’ efforts to scale their digital transformation are coming to the fore.

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