Digital Transformation is gaining priority for organizations across the globe with the main drivers being the opportunities it presents and the competitive pressure to stay ahead of the digital curve. Banks and other organizations need to go beyond offering customers a product or a service and own the experience instead. This came as the highlight of the Trivandrum Technopark-based SunTec’s event – ‘SunTec Confluence’, held in Dubai.
SunTec, the organisation engaged in relationship-based pricing and customer experience orchestration, hosted its flagship event, ‘SunTec Confluence’. The theme for this year’s Confluence was “Digital at the Core”, an essential strategy in today’s world, as leading organizations seek to digitally transform, modernize their legacy systems and build a new core that is intelligent, immersive, integrated and invisible – one that can help in creating highly personalized customer experiences.
The event was held in Palazzo Versace Dubai with the main highlight being the keynote address by Brett King, influencer in financial services, speaker, co-founder and CEO of Moven. He visualized how four major trends – Artificial Intelligence, Voice based Artificial Intelligence, Smart Glasses and Machine Learning – are transforming the ecosystem dynamics and how these will need to be embedded in customer experience journeys across industries like banking, telecom and retail.
“Access to credit is not the same as needing a credit card”, Brett explained, “It’s about creating an all-new Credit experience, where banks can predict and assist your daily life credit requirements without a credit card and how open banking can tie all these data together for the banks”.
Nanda Kumar, CEO of SunTec, talked about the ever-pervasive effects of Industry 4.0. He stressed upon the need for organizations to understand and embrace the ‘basic human-needs’ driven approach if they want to succeed in today’s digital world. Jost Hopperman, Vice President Forrester Research was another prominent keynote speaker
The key takeaway from the event was the growing need for organizations to focus on the ‘Customer Experience’ part of their Digital Transformation programs. Replacing the core is not a viable option for most banks and this is a big hurdle for modernization projects – but not anymore. The SunTec product session also demonstrated how banks can adopt a simple approach of following the core and separating the customer engagement layer to leap-frog the customer experience ladder.
“Via Confluence, our goal is to provide a meaningful platform for industry thought leaders to come together and deliberate upon the state of Digital Transformation. The response has been extremely positive with a generous appreciation for high-quality content. We are delighted to have delivered to expectations of our clients and partner eco-system in helping shape the Digital Transformation roadmap for the industry,’’ said Amit Dua, President, SunTec.