Saturday, 17 December 2022

Arvest Bank Digital Transformation

Arvest Bank is a leading financial institution with a strong presence in several states across the US. In recent years, the bank has undergone a digital transformation, implementing a range of advanced technologies and systems to improve the customer experience and make it easier for individuals and businesses to access their accounts and manage their finances online.

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  • One of the key components of Arvest Bank's digital transformation has been the introduction of mobile banking and online banking platforms. These tools allow customers to check their account balances, make payments, transfer funds, and more from their smartphones or computers, making it convenient to manage their finances from anywhere.
  • In addition to its digital banking services, Arvest Bank has also implemented advanced security measures to protect its customers' personal and financial information. This includes encryption, secure login protocols, and other technologies designed to keep data safe and secure.
  • Another aspect of Arvest Bank's digital transformation has been the development of partnerships with leading fintech companies. These partnerships have allowed the bank to offer its customers access to innovative financial products and services, such as digital wallets, peer-to-peer payments, and more.

Overall, Arvest Bank's digital transformation has been a major success, allowing the bank to better serve its customers and stay ahead of the curve in an increasingly digital world. With its commitment to innovation and customer service, Arvest Bank is well-equipped to meet the evolving needs of its customers and support them on their financial journey.

Arvest Bank Digital Transformation Strategy:

  • Arvest Bank recently announced a five-year partnership with Google Cloud to enable and accelerate our multi-year digital transformation strategy. 
  • Through this partnership, Arvest will use Google Cloud services to focus on the following  strategic imperatives.
  • To Advance digital banking by using AI tools, technology and solutions such as Contact Center AI (CCAI) Insights to improve the contact center experience.
  • To Build business agility to meet the changing needs of retail and commercial customers; from using Document AI to advance commercial lending decisions. 
  • To using AI tools to help meet regulatory requirements, Offer training and certification opportunities for Arvest associates on Google Cloud’s tools and services, and Drive sustainability by decreasing Arvest’s data center carbon footprint through cloud migration.
  •  Collaborating with Google Cloud means the company will not only gain access to the best tools, technologies and expertise to deliver community banking in a digital world, but also will be able to drive sustainability and reduce their carbon footprint by moving to the cloud. 
  • Arvest will overhaul their current IT architecture and systems, including migrating their data centers to Google Cloud and undertaking a full-scale digital transformation. Arvest bank also will leverage Google Cloud’s artificial intelligence (AI) and machine learning (ML) tools to enhance customer experience and streamline banking services.

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1 comment:

  1. Congratulation to you. I am happy after reading your post that you have posted in this blog. Thanks for this wonderful post and hoping to post more of this. I am looking for your next update.
    Thanks a lot!
    Digital Transformation