The South African Financial Institutions are well known, as ambassadors for the country. Their contributions in sport, art and education has made phenomenal strides in improving revenue and reputation, a mutual benefit for both the institutes and the country. The major financial institutes share similar challenges within the core industry.
These are namely:
- Growth and market-share of the business and their portfolios,
- Creating or improving on their customer experience ie. customer relationship,
- Conquering new revenue streams, and last, but not least
- Digital Transformation of their legacy systems and moving towards a paperless environment
Despite the future vision the above challenges offer, printing is still a major focus despite its challenges for the majority of the financial institutes. Even with the launch of the newer digital platform banks (as seen in the media – Tyme and Discovery Bank), many South Africans are very much loyal to the traditional financial houses. Ergo, printing is and will still be a requirement for many years to come.