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DIGITAL STRATEGY
Thriving in Digital World
SAMEER SINGH JAINI
DIGITAL STRATEGY
Step 1
Analyze
Digital
Context
Step 2
Visualize
Future
Landscape
Step 5
Execute
and
Measure
Step 4
Align
Digital
Initiatives
Step 3
Create
Digital
Positioning
Feedback loop / Continuous Reassessment
STEP 1: ANALYZE DIGITAL CONTEXT
Business
Strategy
Competitive
Positioning
Digital Assets
/ Usage
Digital
Maturity
Stakeholder’s
expectations
Technology
Assessment
Process
Assessment
STEP 2: VISUALIZE FUTURE LANDSCAPE
Organization
Evolving Customers
Market Dynamics
• Structure
• Skills
• Culture
• Acquisition
• Service
• Products
• Fintech / Cross Industry Competitors
• Technology innovation
STEP 3: CREATE DIGITAL POSITIONING
Digital Leader
New Customer
Segment
New Digital Products
XX% Digital
Acquisition
XX% Cost Reduction
Real-time Analytics &
Decisioning
Unified Customer
Service
90% Self Servicing
Market Recognition
STEP 4: ALIGN DIGITAL INITIATIVES
Digitize Customer Journey
Digital Engagement
Digital Acquisition
Unified Service Platform
Digital products
New Customer Segment
Digitize Employee Journey
Unified CRM platform
Process Reassessment & Automation
Tab / Mobility platforms
Collaboration platform
Technology Enablement
Flexible Cloud / Hybrid Infra
ESB / API Enablement
Big Data & Analytics
Inhouse / partner model
Highly secure
Crash Organization Silos and Build Digital Culture
Align Digital Initiative to “Market Positioning”
CollaboratewithFintech
AlignSkilledandAdequateResources
Priotize Strong GovernanceDocument Objectives Sense of Urgency
STEP 5: EXECUTE & MEASURE
Governance
Track /
Escalate
Fail fast
Measure
results
Celebrate
Sucess
EXAMPLES OF DIGITAL INITIATIVES
Omnichannel
Platform
- Mobile
- Web
- Branch
Lead Management Platforms
- Chat
- Cross-sell
- Up-sell
- New customers
New Digital Product
- 10 second loans
- Online account opening
- ASBA on Mobile
- Acquisition through
Fintech partners
Employee Enablement
- Mobile / Tab based
customer origination
- Training & Demo
- Collaboration
- Near zero manual steps
Big Data & Analytics
platform
- Real time events driven
digital marketing
- Enable fast business
decision
- Analytics based Credit
decision
Thank you
SSJAINI@HOTMAIL.COM @SSJAINI 91-7208028354 HTTPS://WWW.LINKEDIN.CO
M/IN/SSJAINI/

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Digital strategy for Banks / NBFCs / Insurance / Mutual Funds / Fintech

  • 1. DIGITAL STRATEGY Thriving in Digital World SAMEER SINGH JAINI
  • 2. DIGITAL STRATEGY Step 1 Analyze Digital Context Step 2 Visualize Future Landscape Step 5 Execute and Measure Step 4 Align Digital Initiatives Step 3 Create Digital Positioning Feedback loop / Continuous Reassessment
  • 3. STEP 1: ANALYZE DIGITAL CONTEXT Business Strategy Competitive Positioning Digital Assets / Usage Digital Maturity Stakeholder’s expectations Technology Assessment Process Assessment
  • 4. STEP 2: VISUALIZE FUTURE LANDSCAPE Organization Evolving Customers Market Dynamics • Structure • Skills • Culture • Acquisition • Service • Products • Fintech / Cross Industry Competitors • Technology innovation
  • 5. STEP 3: CREATE DIGITAL POSITIONING Digital Leader New Customer Segment New Digital Products XX% Digital Acquisition XX% Cost Reduction Real-time Analytics & Decisioning Unified Customer Service 90% Self Servicing Market Recognition
  • 6. STEP 4: ALIGN DIGITAL INITIATIVES Digitize Customer Journey Digital Engagement Digital Acquisition Unified Service Platform Digital products New Customer Segment Digitize Employee Journey Unified CRM platform Process Reassessment & Automation Tab / Mobility platforms Collaboration platform Technology Enablement Flexible Cloud / Hybrid Infra ESB / API Enablement Big Data & Analytics Inhouse / partner model Highly secure Crash Organization Silos and Build Digital Culture Align Digital Initiative to “Market Positioning” CollaboratewithFintech AlignSkilledandAdequateResources Priotize Strong GovernanceDocument Objectives Sense of Urgency
  • 7. STEP 5: EXECUTE & MEASURE Governance Track / Escalate Fail fast Measure results Celebrate Sucess
  • 8. EXAMPLES OF DIGITAL INITIATIVES Omnichannel Platform - Mobile - Web - Branch Lead Management Platforms - Chat - Cross-sell - Up-sell - New customers New Digital Product - 10 second loans - Online account opening - ASBA on Mobile - Acquisition through Fintech partners Employee Enablement - Mobile / Tab based customer origination - Training & Demo - Collaboration - Near zero manual steps Big Data & Analytics platform - Real time events driven digital marketing - Enable fast business decision - Analytics based Credit decision
  • 9. Thank you SSJAINI@HOTMAIL.COM @SSJAINI 91-7208028354 HTTPS://WWW.LINKEDIN.CO M/IN/SSJAINI/