Banking in 2020: 10 key trends to watch
It’s 2020, and things could get stormy for banks. The start of a new decade is a good time to forecast what’s ahead for retail and commercial banks in 2020….
What Will 2020 Hold For Banking And Financial Services?
It’s fair to say that over the last decade, the world of financial services has changed irreversibly. The after-effects of the financial crisis combined with the rise of technological innovation…
Banks must behave ‘more like technology companies’ to survive
Banks must operate more like technology companies in order to stay relevant for years to come, executives in the financial services industry say. “I happen to believe that many banks,…
Online banking isn’t just for millennials anymore — it’s quickly becoming the norm
Dwindling are the days of brick-and-mortar banks and tellers behind counters. Now, banking is all about what happens on a screen, from traditional banks offering apps to online-only banks you’ll…
The future looks bright for consumer adoption of challenger banks
The near future is bright for challenger banks when it comes to gaining stronger adoption among consumers: 68% of consumers say they are currently using a checking or savings account…
McKinsey Global Banking Review: Most Banks Have Not Made the Material Improvements in Productivity Needed to Compete Effectively with Fintechs
McKinsey & Company has recently published its Global Banking Annual Review entitled “The Last Pit Stop? Time for Bold Late Cycle Moves.” The document is an examination of the global…
Southeast Asia’s Fintech Industry is set to Cross $1 Trillion by 2025
A recent survey showed that of the 400 million adults in Southeast Asia, only 104 million are fully “banked”, and have full access to financial services, while 198 million do…
Banking/FinTech Collaboration Grows In China
There’s no shortage of evidence of FinTech collaborations with traditional financial providers — to mutual benefit. In China, reported the South China Morning Post, the trend is on the upswing. The…
FinTech Has Potential To Reshape Financial services And Financial Inclusion Landscape In fundamental Ways Says RBI Governor
FinTech has the potential to reshape the financial services and financial inclusion landscape in India in fundamental ways, noted the RBI governor Shaktikanta Das in a speech today. It can reduce costs and improve access and quality of financial services.FinTech…
Millennials Create Wave of Fintech Opportunities
Millennials are the first generation that grew up with the internet boom, a generation that consists of 83 million digital natives, with one-third never using a physical banking office. It’s…