Account Switching Made Easy Doesn't Increase Account Switching In The UK
Mobile Customers Hold More Products, Bring In More Revenue And Are Less Likely To Leave Their Credit Union
Bitcoin Pioneer Argues Experiment Has Failed
Fintechs Collaborate Rather Than Conquer
Investment In Digital Banking Startups Triples
Central Bankers Creating Their Own Digital Currency?
Digital Disruption Forces Financial Institutions to Rethink Priorities
Jim Marous summarizes the latest results from a Temenos survey that highlights the major concerns bankers have in 2015. According to the survey, bankers have become less focused on regulatory concerns and more focused on meeting changing customer demands. Ben Robinson, Chief Strategy & Marketing Officer at Temenos, says, “As the burden of new regulation diminishes, banks are concentrating on readying themselves for a more digital world, characterised by lower customer loyalty and new, multiform competitors."
Digital Convenience Trumps Physical Location
Bank Boardrooms Lack Technology Experience
Accenture published a study this week showing that global bank executives are generally ill prepared to lead out when it comes to digital. They show that "only 6 percent of board members and 3 percent of CEOs at the world’s largest banks have professional technology experience. In addition, more than two-fifths (43 percent) of the banks have no board members – and nearly one-third (30 percent) have only one board member – with professional technology experience."