Independent Banker - February 2023 - 32
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Q: How can a digital twin
simulation help banks in their
digital transformation?
A: Digital twin technology could be
especially valuable for community
banks for two key reasons. First,
the ability to gather data to improve
the customer experience is a
perfect fit for one of the pillars of
the community banking mission:
personal attention.
At the same time, digital twins
reduce the need for manual
processes and hands-on interaction,
allowing community banks to ease
the pressure on resources and
budgets that are already stretched.
It's early days for this technology,
but if a bank wants to make the
leap from digital transformation to
intelligent industry, digital twins
QUICK STATS
13%
Decrease in costs, on average,
across the various use cases of
digital twins
15%
Increase in operational
efficiency, courtesy of digital
twin technology
Source: Capgemini
could provide the needed uplift.
Anticipating the organization-wide
effects of changes in process and
behavior before implementing
them in real life, plus faster, more
strategic decision-making, could
equip banks with a crucial edge in an
increasingly competitive industry.
Along the way, preparing
your environment for successful
technological transformation
(such as improved infrastructure,
secure connectivity, standardized
data management, strengthened
collaborative skills, enhanced
UX/UI) can also accelerate the
conditions that will enable your
organization to scale and grow.
Aileen McDonough is a writer in
Rhode Island.
MSSP
redefi ned.
SEI Sphere
SM
Cybersecurity I Network operations I Cloud
sphere@seic.com
610-676-7700
seic.com/sphere
http://www.seic.com/sphere
Independent Banker - February 2023
Table of Contents for the Digital Edition of Independent Banker - February 2023
Table of Contents
Independent Banker - February 2023 - Cover1
Independent Banker - February 2023 - Cover2
Independent Banker - February 2023 - Table of Contents
Independent Banker - February 2023 - 2
Independent Banker - February 2023 - 3
Independent Banker - February 2023 - 4
Independent Banker - February 2023 - 5
Independent Banker - February 2023 - 6
Independent Banker - February 2023 - 7
Independent Banker - February 2023 - 8
Independent Banker - February 2023 - 9
Independent Banker - February 2023 - 10
Independent Banker - February 2023 - 11
Independent Banker - February 2023 - 12
Independent Banker - February 2023 - 13
Independent Banker - February 2023 - 14
Independent Banker - February 2023 - 15
Independent Banker - February 2023 - 16
Independent Banker - February 2023 - 17
Independent Banker - February 2023 - 18
Independent Banker - February 2023 - 19
Independent Banker - February 2023 - 20
Independent Banker - February 2023 - 21
Independent Banker - February 2023 - 22
Independent Banker - February 2023 - 23
Independent Banker - February 2023 - 24
Independent Banker - February 2023 - 25
Independent Banker - February 2023 - 26
Independent Banker - February 2023 - 27
Independent Banker - February 2023 - 28
Independent Banker - February 2023 - 29
Independent Banker - February 2023 - 30
Independent Banker - February 2023 - 31
Independent Banker - February 2023 - 32
Independent Banker - February 2023 - 33
Independent Banker - February 2023 - 34
Independent Banker - February 2023 - 35
Independent Banker - February 2023 - 36
Independent Banker - February 2023 - 37
Independent Banker - February 2023 - 38
Independent Banker - February 2023 - 39
Independent Banker - February 2023 - 40
Independent Banker - February 2023 - 41
Independent Banker - February 2023 - 42
Independent Banker - February 2023 - 43
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Independent Banker - February 2023 - 45
Independent Banker - February 2023 - 46
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Independent Banker - February 2023 - 49
Independent Banker - February 2023 - 50
Independent Banker - February 2023 - 51
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Independent Banker - February 2023 - 53
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Independent Banker - February 2023 - 55
Independent Banker - February 2023 - 56
Independent Banker - February 2023 - 57
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Independent Banker - February 2023 - 61
Independent Banker - February 2023 - 62
Independent Banker - February 2023 - 63
Independent Banker - February 2023 - 64
Independent Banker - February 2023 - 65
Independent Banker - February 2023 - 66
Independent Banker - February 2023 - 67
Independent Banker - February 2023 - 68
Independent Banker - February 2023 - 69
Independent Banker - February 2023 - 70
Independent Banker - February 2023 - 71
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Independent Banker - February 2023 - 76
Independent Banker - February 2023 - 77
Independent Banker - February 2023 - Cover3
Independent Banker - February 2023 - Cover4
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