The Digital Banking Revolution

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.

Author: Luigi Wewege
Publisher: Lulu.com
Published: 01/16/2017
Pages: 166
Binding Type: Paperback
Weight: 0.55lbs
Size: 9.00h x 6.00w x 0.38d
ISBN: 9781365685873

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