Small and mid-sized banks and insurers are doubling down on digital transformation. But even the best tech investments fall flat without one critical ingredient: a digitally fluent workforce.
The Reality Check
A recent PwC survey revealed that 60% of financial services leaders believe the digital skills shortage is holding back their transformation goals. The problem isn’t lack of ambition—it’s the gap between vision and execution.
- 92% of jobs today demand digital capabilities
- Only 33% of BFSI SMBs say they’re confident in their teams’ ability to keep up with new tools
- Younger talent is digitally savvy—but retention is a challenge
This mismatch costs more than missed tech adoption. It impacts risk management, customer satisfaction, and overall performance.
What’s at Stake
In fast-moving markets, hesitation leads to stagnation:
- Inefficient processes become long-term bottlenecks
- Legacy tools stay in place due to lack of know-how
- Data goes underutilized because teams don’t trust or understand it
For SMBs, the path to agility and competitiveness starts with empowering people.
How to Close the Gap
Reskill, Upskill, Repeat
Make digital education a core business strategy—not a side project. Focus on practical, role-based learning.
Choose Tools Built for Business Users
Tech that demands a data science degree won’t scale. Prioritize intuitive platforms that work out-of-the-box.
Partner for Enablement, Not Just Tech
Bring in partners who help you build confidence as much as capability.
Cubic’s Commitment to Empowerment
At Cubic Systems, we don’t just deliver tech—we build digital confidence within financial organizations. Our solutions are engineered to:
- Demystify data through clear, actionable insights
- Guide teams with AI-powered recommendations instead of overwhelming dashboards
- Reduce complexity with low-code interfaces and automated workflows
- Centralize knowledge across silos so that your talent—technical or not—can make smart decisions fast
Whether you’re improving operational efficiency, boosting compliance readiness, or personalizing customer journeys, Cubic ensures your tools match your team’s capabilities.
Explore how we can accelerate your digital journey without leaving your people behind:
https://cubicsystems.com/service/advanced-data-analytics/