What got here will not get you there. To unlock success in the next era of banking, they need to fast-track modernization to keep pace with the ever-evolving customer needs and preferences.
The conventional banking landscape witnessed a significant shift, as the industry navigated unprecedented challenges. Today, numerous financial institutions are diligently charting their course toward recovery and a return to normalcy after the turbulence of the financial crisis. However, amidst these endeavors, the financial sector remained an arena of continual transformation, driven by regulatory shifts and technological advancements that often unfolded in remarkably disruptive fashion.
As banks contemplate their strategies for operational rejuvenation, this article highlights seven key domains poised to usher in profound transformations.
Embedded Banking: How banks can stay relevant in the mobile-first era
Open Banking Revolution: Navigating regulations and integration challenges
Green Banking: Tapping into sustainability for growth and innovation
Core Transformation: The battle between neo banks and incumbents
Payment Standardization: A global shift toward efficient transactions with ISO 20022 certification
Real-Time Payments: Embracing instant transactions in a slow-to-change industry
AI-Driven Chatbot Solutions: Transforming customer service in finance with generative AI
To learn how to navigate changes and win, read
7 Big Changes Ahead for Banks to Prepare for
To learn more about the key changes that bankers should expect, and how they could build in resilience with technology contact us.
