« Things worth reading: 7th January 2014 | Main | Things worth reading: 8th January 2014 »

January 07, 2014

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Edanilkis

Interesting outlook for 2014 and certainly agree that a number of factors are starting to come together for banking to begin changing. It's one of the last remaining strongholds that is very disconnected from the realities that the web transformation has brought over the last decade and continue to bring in on an ever accelerating pace. Fundamentally the banking process has too much friction in its service model and too rigid in its products for a world that expects everything to be fast, simple quick and realtime.

I believe one driver on the technology side will be various new entrants providing banking services from organizations that aren't traditionally 'banks'. Wonga, Lenddo, Zopa, LendingClub and plenty of others starting up in 2014 are showing the pent up demand for better & simpler banking services in new delivery channels. It remains to be see whether they truly disrupt the existing banks (as they claim) or that they trigger a response from the banks themselves (via acquisitions or disrupting themselves) or just service previously unreachable market segments. In any case, some major change does seem inevitable.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Twitter FSClub

    follow me on Twitter

    Your email address:


    Powered by FeedBlitz

    Search blog


    Amazon Digital Bank

    Financial Brand Editor's Choice

    Alex: The Finanser BlogAlex at the Financial Services Club
    Gaping Void: The Finanser BlogGaping Void's Hugh MacLeod worked with the Finanser
    Wordle: The Finanser Blog

    The Financial Brand

    NetBanker

    Payments News - from Glenbrook Partners

    Payments RSS

    Tomorrow's Transactions blog

    Analytics