Digital disruption is real, and banks are slowly but surely re-inventing themselves. However, for banks, the challenge comes from the speed at which change is occurring in the banking sector. Digital transactions are on the rise, not only in terms of numbers but also value, and there is a great opportunity for banks to monetize on transactional data to derive valuable insights about their customers and ultimately cross-sell and upsell. It also provides banks with the opportunity to link their retail banking customers with their SME banking customers to create a win-win situation for all segments, and add new revenue streams for the bank in the process.
You do not have to meet your bank manager for coffee once a month to have a healthy, communicative relationship with your bank and with money in general. You don’t have to see them at all, but they must be an ally, a friend. And they definitely have to mean it.
After completing my first 2 years at university, I jumped at the opportunity to work at one of Strand’s headquarters in Barcelona as part of their marketing team.
Since arriving, I have been made to feel extremely welcome by my colleagues, and in my first week alone, I felt like I had already learnt more than in 6 months of studying at university - and in particular about FinTech.
The future of banking is indisputably Open Banking. Open in all senses of the word: transparency, ease of access to information and a place at the table for new market players.
Open for everyone, without exception.
79% of smartphone owners admit to checking their device within 15 minutes of waking up every morning. Consumers have become hooked on digital apps like Instagram, Uber, Facebook, and Whatsapp, habit-forming products that connect the user’s problem to a solution and captivate us from the first interaction.