The Digital Banking Revolution

The Digital Banking Revolution (eBook)

How Financial Technology Companies Are Rapidly Transforming Retail Banking

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Over the past decade financial service innovations have contributed to a completely new way in which customers can bank, threatening the status quo of traditional retail banks, and redefining a banking model which has been in... (weiter)

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Details
AutorIn Luigi Wewege
EAN 9781483592510
Sprache englisch
erschienen bei BookBaby
Erstverkaufsdatum 16.01.2017
Stichwörter Banking
Digital Banking
Finance
Financial Services
FinTech
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Dies ist ein Downloadprodukt
Dateigröße 2.48 MB
Veröffentlichungsjahr 2017
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Over the past decade financial service innovations have contributed to a completely new way in which customers can bank, threatening the status quo of traditional retail banks, and redefining a banking model which has been in place for generations. These new technological advancements have facilitated the rapid emergence of digital banking firms and FinTech companies, leading to established banks being forced to swiftly increase their pace of digital adoption to stay relevant and stop mass client attrition to these agile financial start-ups. These threats come at an inopportune time for banks due to mature markets currently experiencing stagnant growth. This coupled with decreasing profit margins due to the competitive pricing of new entrants, and financial customer loyalty becoming ever increasingly more tenuous.

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