Handelsbanken Going Digital

Handelsbanken Going Digital

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In June 2013, Handelsbanken, the largest private bank in Sweden, launched its digital strategy. It is the largest digital bank in Sweden with over 200,000 customers (as at August 2017). Handelsbanken’s vision is to become a digital leader in the banking industry. They aim to be customer-centric, flexible and responsive. They believe that the Internet is where people will go to bank, and digital transformation is the most significant driver of new business. To achieve its

VRIO Analysis

I have recently read a piece about the Swedish banking giant Handelsbanken’s digital transformation journey. At its core, it is a story of growth through customer engagement, innovation and a focus on digital experiences. Handelsbanken has recognized that customers’ needs have been changing rapidly and that digital is becoming the primary channel to deliver products, services and value to customers. According to a research report, Handelsbanken’s 2020 digital aspirations are 90% digital by 2025. The company has been taking

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The bank had been lagging behind its competitors in digital transformation. However, after a rebranding, they started to push a digital agenda. They’d spent millions on tech solutions but felt they hadn’t achieved a lot. Their biggest project to date was to digitally transform their branches. A digital service to replace their bank in the branches would reduce their operational costs but would lead to a reduction in the number of staff. The challenge was that they didn’t know what to digitise first or how to structure the data. So,

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It is true that digitalization is one of the biggest shifts in recent years. However, I would argue that Handelsbanken is going digital for an even greater reason. Handelsbanken is a financial services provider, and digitalization has been one of the significant changes they’ve undertaken in their operations. In 2016, Handelsbanken decided to go digital by replacing their traditional branch network with a digital banking system. The move was a significant change for Handelsbanken, and it transformed how their customers access financial services.

SWOT Analysis

Handelsbanken was established in 1877 and since its inception, it has played a vital role in Swedish financial history. It has grown from an initial start-up of 20 employees to a fully functional national bank that employs over 3,500 employees worldwide. you could check here In 2012, Handelsbanken’s core operations included banking, investments, and payment services. It also had several subsidiaries, including Handelsbanken Global Markets, Handelsbanken Asset Management, Handels