During the pandemic, many non-traditional banks have entered the market to take advantage of consumers’ shift to digital banking. They’re blurring the lines between traditional and non-traditional providers and creating an unprecedented level of financial fragmentation.

In response, community banks need to leverage cloud technology to innovate faster, differentiate strategically and compete successfully — all while serving the evolving needs of current customers.

In this episode of GroundBanking, Terry Ammons, partner at Wipfli, talks to David Foss, CEO of Jack Henry & Associates, about how community banks can create a next-generation technology strategy. They discuss how a single, modern, open banking platform can:

• Enable easy access to a broad ecosystem of solutions and high-grade, third-party fintechs.
• Put banks at the center of their customers’ financial lives and fundamentally define the evolution of the industry.
• Help banks build and customize digital products and experiences and incorporate leading-edge services and capabilities.
• Help banks provide personal service in moments of need and relevance to sustain their competitive advantage of service and trust in the digital age.

Listen now to learn how to lay the foundation for creating your digital banking strategy roadmap.