One-third of retail banks planning to build digital brands

“A survey of 405 global bank executives conducted by the Economist Intelligence Unit on behalf of Temenos, highlights how new technologies such as AI, open APIs and cloud are compelling banks to rethink their business strategies in preparation for a new age of digital banking.

Late last month, a report from Citi warned of a 30% revenue hit for incumbents as new digital first challengers enter the market. To avert an impending extinction-level event, Citi urged bank to “re-invent themselves and re-imagine banking” by building their own digital offshoots. ”

https://www.finextra.com/newsarticle/33639/one-third-of-retail-banks-planning-to-build-digital-brands

Leave a Reply