Innovation in Banking Demands Supportive Culture from Top Down
The Financial Brand
October 08, 2018
Digital transformation requires an innovation structure and foundation or it will not occur. You can't run a good hackathon just to impress the investment public. Successful innovation projects depend on high-level corporate support, enthusiasm at the company's grassroots, and a culture that ensures that deserving innovations will move from concept to reality. Otherwise financial creativity will wither.
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Tags: Innovation, Fintech
The Financial Brand
The Financial Brand
May 14, 2018
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Tags: AI, Digital Transformation, Fintech
Are Your Prepared to Embrace Change, Take Risks and Disrupt Yourself?
The Financial Brand
May 13, 2018
The banking industry is changing at a pace never before seen. Digital transformation has become an imperative for financial institutions of all sizes. The transformation goes beyond technology, however, requiring people and organizations to embrace change, take risks and disrupt themselves. Who is up for this challenge?
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Tags: Digital Transformation, Fintech, Change Management
Consumers Prefer Digital Banking Capabilities Over Branch Proximity
LinkedIn
August 23, 2017
Banks have historically expanded branch networks to drive market exposure, increase customer acquisition and support deposit growth. With a bank on every corner, storefront signage drove consideration and influenced purchase decisions, with consumers going from branch to branch collecting product brochures and asking questions
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Tags: Fintech
Banking Industry Fails to Meet Personalization Expectations
LinkedIn
August 23, 2017
Consumers expect their financial institution to understand their needs and deliver personalized solutions similar to what they receive from Google, Amazon, Facebook and Apple.
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Tags: Fintech
Voice Payments Take Center Stage as Google and Walmart Partner to Compete with Amazon
LinkedIn
August 23, 2017
It is becoming clear that the next battle in the tech world will be around voice-driven digital assistants, such as the Apple Siri, Amazon Alexa, Microsoft Cortana, Google Assistant/Now and Samsung Bixby/Viv.
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Tags: Fintech
Get the Latest in Retail Banking Research
LinkedIn
August 08, 2017
Each report includes proprietary global research, analysis and insights that can help you build winning strategies. We break all of the research down by size and type of organization, so that you can compare your digital banking capabilities against your peers.
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Tags: Fintech
The Future of Banking Depends On Open Banking APIs
LinkedIn
August 08, 2017
Open banking enables third parties to develop new products and services through use of APIs. By working together and taking advantage of APIs, banks and fintech firms can leverage their complementary strengths, enhancing the customer experience much more than either entity could do on its own.
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Tags: Fintech
Will Augmented and Virtual Reality Replace the Bank Branch?
LinkedIn
August 08, 2017
The traditional bank branch network is in a massive state of transition. Offices are shrinking or closing altogether, with digital tools being introduced to support both transactional and advisory roles. But, while more than 8,000 U.S. bank branches have closed over the past decade, and as many as 90% of transactions taking place online, the number of bank employees has remained relatively stable.
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Tags: Fintech
Digital Payments Approaching Universal Acceptance
LinkedIn
August 07, 2017
In the world of payments, consumers want transactions to work securely and seamlessly within their daily lives. This is true with bill pay, person-to-person (P2P) payments and even with checks.
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Tags: Fintech
The Rise of the Digital-Only Banking Customer
LinkedIn
August 07, 2017
Are banks and credit unions keeping up with consumer demands when it comes to digital banking offerings? With 46% of consumers using only digital channels for their banking, expectations are outpacing experiences at most organizations.
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Tags: Fintech
Banking Must Move From Mobile-First to AI-First
LinkedIn
June 21, 2017
While there are many important technological trends impacting the banking industry, none may be more important that artificial intelligence (AI) and the ability to use data, advanced analytics and digital technology to deliver a better customer experience.
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Tags: Fintech
Not All Mobile Banking Apps Are Created Equal
LinkedIn
June 21, 2017
While retail banking customers now prefer the mobile channel to all other channels for interaction, not all mobile banking apps are created equal, according to a study from J.D. Power.
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Tags: Fintech
The Future of Banking Depends On Open Banking APIs
LinkedIn
June 21, 2017
Open Banking enables third parties to develop new products and services through use of APIs. By working together and taking advantage of APIs, banks and fintech firms can leverage their complementary strengths, enhancing the customer experience much more than either entity could do on its own.
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Tags: Fintech
The Rise of the Digital-Only Banking Customer
LinkedIn
June 13, 2017
Are banks and credit unions keeping up with consumer demands when it comes to digital banking offerings? With 46% of consumers using only digital channels for their banking, expectations are outpacing experiences at most organizations.
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Tags: Fintech
Will Augmented and Virtual Reality Replace the Bank Branch?
LinkedIn
June 13, 2017
Despite the rise in digital banking, an advantage of branch banking continues to be the value of personal interaction. But, could the benefits of face-to-face interaction be incorporated into augmented reality (AR) and virtual reality (VR) solutions?
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Tags: Fintech
AI is the New UI
LinkedIn
May 16, 2017
While there are many important technological trends impacting the banking industry, none may be more important that artificial intelligence (AI) and the ability to use data, advanced analytics and digital technology to deliver a better customer experience.
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Tags: Fintech
Top #Fintech Influencer Interview with Jax Finance
LinkedIn
May 06, 2017
In a top 20 #Fintech Influencer interview with Jax Finance, I share what the future of finance is going to look like, how investement strategies in FinTech are going to change and what the biggest trends right now are.
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Tags: Fintech
Banking Industry Still Taking Small Steps with Big Data
LinkedIn
March 10, 2017
The vast majority of banking and financial firms globally believe that the use of insight and analytics creates a competitive advantage. The industry also realizes that they are sitting on a vast reservoir of data and insight that can be leveraged for product development, personalized marketing and advisory benefits.
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Tags: Fintech
Predictive Analytics is the Future of Financial Marketing
LinkedIn
March 06, 2017
Analytics has been at the core of retail bank marketing for decades. But despite the proliferation of data, the ability to effectively leverage insights for a personalized customer experience and enhanced profitability has remained elusive.
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Tags: Fintech
Closing the Digital Divide Between Banks and Customers
LinkedIn
March 03, 2017
There has never been a time where the focus on the customer experience has been greater. The banking industry needs to re-imagine how they deliver and measure customer satisfaction to be able to meet growing consumer expectations.
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Tags: Fintech
Lemonade: The Mobile-Based, AI-Fueled Insurance Industry Disruptor
LinkedIn
March 02, 2017
Lemonade, the mobile-based, peer-to-peer insurance startup has been been dubbed, “The Uber of insurance”. Providing consumers with policies at a fraction of the cost of what competitors offer, can this start-up disrupt a major category of financial services?
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Tags: AI, Mobility, Fintech
Needs Identification and Transparency Results in Sales Success
LinkedIn
March 01, 2017
Recent disclosures around deceptive sales practices at Wells Fargo has forced banks and credit unions to review their own procedures. A study by JD Power provides insight into ways the industry can improve sales results while regaining the trust of consumers.
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Tags: Fintech
Marketers Unprepared for Data-Driven Future
LinkedIn
February 27, 2017
New technologies and advanced analytics have the potential to create an exceptional customer experience. Unfortunately, most banking organizations continue to use the same outdated, siloed processes.
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Tags: Fintech
Conversational Banking Will Change Financial Services Forever
LinkedIn
February 15, 2017
Leveraging the power of artificial intelligence (AI) and the surging popularity of messaging apps, conversational interfaces are enabling unprecedented banking engagement and re-establishing relationship banking.
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Tags: AI, Customer Experience, Fintech
10 User Experience (UX) Design Trends for Banking in 2017
LinkedIn
December 30, 2016
Building positive user experiences in banking is about creating financial services that match users’ needs with banking capabilities that are easy and pleasant to use.
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Tags: Customer Experience, Design Thinking, Fintech
Top 10 Retail Banking Trends and Predictions
LinkedIn
December 30, 2016
Below is an excerpt of the Digital Banking Report entitled, '2017 Retail Banking Trends and Predictions', with insights from a crowdsourced panel of close to 100 global financial services leaders and the results of a global industry survey.
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Tags: Fintech
108 Banking Influencers to Follow
LinkedIn
December 30, 2016
People regularly ask for names of people to follow to understand the future of banking, impact of fintech, potential of digital technology and the importance of data and improving the customer experience in financial services. These are some of the best in the business.
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Tags: Fintech
Moven Promotes Financial Health With ‘Smart Savings Account’
LinkedIn
December 02, 2016
The launch of the Smart Savings Account™ by Moven provides a new way for consumers to build and engage with their savings across mobile devices and wearables.
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Tags: Fintech
Fintech Firms Attacking All Facets of Banking
LinkedIn
December 02, 2016
A report from McKinsey argues that there are seven critical aspects of the new financial services environment that must be understood by traditional banking and fintech firms.
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Tags: Fintech
The Future of Mobile Banking: Market Shift or Market Growth?
LinkedIn
November 30, 2016
Despite a slow, steady growth of mobile banking and mobile payments users, there is still a large percentage of consumers who do not see the benefits of accepting digital banking. Can the banking industry encourage non-users to embrace mobile technology?
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Tags: Customer Experience, Mobility, Fintech
Thank You
LinkedIn
November 18, 2016
Thank you very much to all of the people who have decided to follow me for banking, fintech and financial services insight on LinkedIn. I am humbled and honored by your continued support.
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Tags: Fintech
Why Fintech Firms Are Winning the Battle for Digital Consumers
LinkedIn
September 06, 2016
Despite wanting to improve the digital consumer experience, research finds that the banking industry still can't fully support key stages of the digital customer journey.
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Tags: Fintech
“In the future, the [banking] interface will not be a branch, a computer, or even a phone”
Kantox
February 22, 2017
Similar to many financial and non-financial industries, retail banking is directly affected by new innovations and developments such as AI, machine learning, contextual design or the cloud. The way these will impact the current market players and the opportunities they open to newcomers is something still to be seen.
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Tags: Mobility, Fintech
The influencer interview: Jim Marous, publisher of the Digital Banking Report and co-publisher of The Financial Brand
Bobs Guide
February 20, 2017
Jim Marous is a regular keynote speaker with a wealth of experience in banking, financial services innovation and consumer trends. When he's not speaking at conferences, he regularly writes for the The Financial Brand, a media outlet and website for financial marketers and executives. He is also the owner and publisher of the Digital Banking report.
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Tags: Fintech
Bank Marketing: Dump Data Scientists -- Try Marketing By Walking Around
Forbes
March 09, 2016
The “2016 Guide to Financial Marketing” published by the Digital Banking Report doesn’t actually say banks should give up on marketing analytics, but in showing how bad they are at it, the report inadvertently makes a pretty strong case for dumping sophisticated customer data analysis and trying something else.
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Tags: Analytics, Fintech, Marketing
Jim Marous Interview: 2016 Banking Trends Recap
MONEY SUMMIT
March 07, 2016
This week we interviewed Jim Marous, owner and publisher of the Digital Banking Report and co-publisher of The Financial Brand. Marous recently released the 2016 Retail Banking Trends and Predictions report, where he and his team present highlights from their panel of nearly 100 financial industry global influencers. The report is worth downloading in full, which you can do
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Tags: Fintech
FINTECH, CX & LESSONS FROM INNOVATORS
Accenture
January 01, 2016
Named as one of the most influential people in banking and a top 5 Fintech Influencer to Follow, Jim Marous is an internationally recognized financial industry strategist, co-publisher of The Financial Brand and the owner and publisher of the Digital Banking Report. Marous advises on innovation, portfolio growth, customer experience, marketing strategies, channel shift, payments and digital transformation within the financial services industry.
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Tags: Customer Experience, Fintech
Veteran Banker Bets Branchless Banking’s Time Is Here… Finally6
THE WALL STREET JOURNAL
June 08, 2015
A finance-industry veteran is launching a new branch-less bank, betting that the explosion in smartphone adoption means the time in finally here for a bank that interacts with its customers almost entirely on a mobile app
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Tags: Fintech
Target Marketing: Banks Pitch Products Through Smartphones
AMERICAN BANKER
June 20, 2014
Imagine walking into an auto dealership with your smartphone in hand and, moments after arriving, the phone buzzes with a message from your bank offering options for car loans.
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Tags: Mobility, Fintech, Marketing
Banking with Apple? Millennials prefer Google, Amazon
CNBC
May 28, 2014
Apple products have disrupted the phone, computer and music markets, but support for the tech giant to move into financial services is flagging.
An Accenture survey out Tuesday showed just 34 percent of millennials—and 20 percent of respondents aged 35 to 54—would bank with Cupertino, California-based Apple if it offered those services. More millennials would bank with Google and Amazon, according to the survey, part of a broader report titled "Everyday Bank: A New Vision for the Digital Age."
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Tags: Mobility, Fintech, Marketing
Making millennials “Sticky” The changing role of the CMO in the financial services industry
The Economist Intelligence Unit
January 01, 2013
Confident. Connected. Open to change. That’s how
the Pew Research Center describes the millennial
generation in its definitive 2010 study Generation
Next.
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Tags: Fintech, Marketing
