Brianna Elsass, Head of US Digital Servicing and Technology at BMO Financial Group, discusses BMO's digital transformation journey, breaking down silos, empowering agile teams, and fostering a customer-centric culture. Lessons learned include the impact of communication on positive customer and employee experiences.
BMO exemplifies successful digital transformation in banking through breaking silos and empowering agile teams.
Communication plays a crucial role in building positive customer and employee experiences in the digital-first culture.
Deep dives
Strategies for Digital Transformation in Financial Institutions
Financial institutions are embracing digital transformation to meet evolving consumer needs. Through interviews with top executives, the podcast delves into the strategies and challenges faced by progressive financial institutions. Emphasis is placed on organizational culture shifts and leadership's pivotal role in driving digital initiatives.
Impact of Digital Initiatives on Customer Experience
The episode discusses the journey of Brianna Elsa at BMO, highlighting the significant impact of digital initiatives on customer experience. Examples from Discover Card, Capital One, and BMO illustrate the progression towards a digital-first approach, emphasizing the need for continuous improvement and agility in response to customer demands.
Navigating Mergers and Acquisitions in the Digital Age
The conversation covers the challenges faced during the acquisition of Bank of the West by BMO, showcasing the complexities of merging digital platforms and back-office operations. The focus on enhancing customer experiences while addressing gaps in service offerings demonstrates the strategic decision-making required for successful integrations.
Employee Engagement and Upskilling for Digital Transformation
Employee engagement and upskilling are vital components of digital transformation. The podcast highlights initiatives at BMO to foster a digital-first mentality among employees. By creating digital advocates, training programs, and collaborative approaches, BMO aims to equip employees with the skills and mindset needed to drive digital innovation.
In an era where digital agility is the name of the game, many legacy banks struggle to keep pace with nimble fintech competitors. However, some traditional institutions are rising to the challenge, and BMO, a 200-year-old bank with $1 trillion in assets, is a prime example. Brianna Elsass, Head of US Digital Servicing and Technology at BMO Financial Group has been a driving force behind BMO's digital transformation, leading the charge to build a digital-first mindset across the organization.
On this episode of Banking Transformed, recorded live at the Financial Brand Forum, we dive into BMO's journey, exploring how Brianna and her team broke down silos, empowered agile teams, and digitized processes from end-to-end.
We also discuss the key lessons learned along the way, and what it takes to foster a truly customer-centric, digital-first culture in banking. Finally, we discuss the impact communication has to build both positive customer and employee experiences.
This episode of Banking Transformedis sponsored byMicrosoft:
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.