Alkami surveyed 150 digital decision makers from banks and credit unions across the U.S., revealing distinct segments of business banking digital maturity based on how financial institutions leverage culture, strategy, and technology to drive results.
Research analysts categorized these financial institutions into four cohorts of digital maturity unique to the business banking market – Cautiously Modernizing, Optimistic Believers, Emerging Pioneers, and Tech Titans.
Digital maturity is not only tied to the capabilities financial institutions offer via their business banking solutions, it also correlates to the financial success of that organization. The Tech Titans cohort encompass the most digitally mature organizations and experience nearly 10x more average annual revenue growth than their least digitally mature counterparts.