Rising customer expectations, disruptive competitors, new technologies and increased regulation are just a few of the ongoing pressures forcing commercial banks to reimagine and evolve their business and operating models. Those with existing investments in digital and data platforms and the right ambition, tools and partners, are well positioned to be the frontrunners. Aggressive investments to drive efficiency and enhance the client and employee experience will keep them in the lead, with continuous momentum toward a new digital future. We see 2020 as the year commercial banks went from digitization to digital by building on these investments and truly unlocking the power of their data.

We’ve identified six trends we believe will guide commercial banks through the first year of this new decade.

1. Beyond the digital foundation

This is where transformation really gets going. Commercial banks are moving beyond investment in operational and CRM platforms, reinventing all analog processes to become truly digital players.

2. A new breed: The empowered banker

RMs are engaging their clients with hugely enhanced insights. Relationship managers are poised to grow revenues and customer satisfaction with vastly improved, digitally driven business insights.

3. Intelligent automation for commercial banking

Smart partnering to lighten human workload processes. By highlighting the value of ecosystems and combining data, analytics and machine learning/AI, progressive innovators will prevail.

4. Relevant AI in a post-digital world

Opportunities expanding faster than banks’ adoption. Leaders are increasingly implementing AI and predictive analytics solutions, growing their businesses with real-time decisions at higher returns.

5. Unloading legacy baggage

Digital decoupling & microservices allow innovation to take flight. Legacy systems can be reliable, but stall change efforts. Innovation will kick-start migration towards full digital transformation.

6. Integrated with the digital ecosystem

Banks that spurn partnerships struggle to stay at pace. Data and integration options in Open Banking enable a rich ecosystem to help banks differentiate products and provide customer-centric services.

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American Banker webinar

Jared Rorrer

Managing Director – Global Commercial Banking Lead


Commercial Banking Top Trends in 2022
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