Automation and artificial intelligence have major limits, especially in solving sticky problems and deepening relationships
Core banking systems take time and money to overhaul and replace. Often it’s best to proceed one element at a time.
Even in a tech-first banking world, key steps towards change can switch sequence so long as you keep your goals in sight.
In an age of new channel investment, banks must restructure physical distribution and unlock value from hard assets in branches.
Digitally, there’s room in a mobile wallet for all. But every bank wants their cards used first. How can they make that happen?
In an age when roughly one in four apps are forgotten after one use, chatbots have the potential to turn conversations into customers.
Customers will increasingly demand the ability to bank on smart devices as well as traditional methods. But many banks simply aren’t ready.
To improve their ability to leverage customer data, banks need to build a customer relationship management system directly into their core system.