“Customers are pivoting to competitors that offer more personalised, bespoke experiences, leaving retail banks lagging behind. That’s according to the World Retail Banking Report 2022 (WRBR) published by Capgemini and Efma. The survey showed that 75% of customers are attracted to the cost-effective, seamless services offered by fintechs and traditional banks simply cannot keep up….
Tag: Fintech
The Growing Domination Of Chime, Cash App, And PayPal In Banking
“More than a quarter of Gen Zers (21 to 26 years old) and nearly a third of Millennials (27 to 41) now call a digital bank their primary checking account provider. Among Gen Xers (42 to 56), the percentage who have their primary account with a digital bank grew from 8% to 22%. Overall, six…
Credit Union, Bank, Finance Conferences in 2022
The world is beginning to re-open and so I began to wonder, “are there any interesting in-person conferences in 2022?” Here’s a quick list of ones that caught my attention. AI in Finance – Apr 21 – New York Finovate Spring – May 18 – San Francisco Digital Banking – June 13 – Austin Jack…
The evolution of banking and fintech partnerships
“According to surveys conducted by PwC in 2016 and in 2019, 42% of banks engaged in joint partnerships with fintech companies, and 94% of financial services companies said they were confident that fintech would help to grow their company’s revenue over the next two years. Fintech should not be feared, as it’s been a major…
5 Financial Technology (Fintech) Trends to Watch Out for in 2021 and Beyond
“According to technological growth statistics, there are approximately 4.88 billion mobile phone users across the globe as of January 2021. 62% of the world’s population owns mobile devices. Over 69 million people use mobile payment services. Not only this, but also in the United States, in-store mobile payments are reaching $128 billion in 2021. The…