THE DIGITAL BANKING ECOSYSTEM: These are the key players, biggest shifts, and trends driving short- and long-term growth in one of the world's largest industries

BII

• This is a preview of Digital Banking Ecosystem research report from Business Insider Intelligence.
• Purchase this report.
• Business Insider Intelligence offers even more fintech coverage with Banking Pro. Subscribe today to receive industry-changing finance news and analysis to your inbox.

The banking industry is in the grips of an identity crisis. Leaders of the world's largest banks — such as Citi, BBVA, and Goldman Sachs — have begun describing themselves as technology companies with banking licenses.

However, this description is still aspirational. Executing the vision will require billions of dollars in investments, the restructuring of teams, a reimagining of the entire banking technology stack, and the adoption of a far more customer-centric business view. 

See the rest of the story at Business Insider

See Also:

• Payment deferrals are complicating creditworthiness assessments for banks
• TSB has seen average signups for its mobile app triple since lockdown began
• Wirecard's scandal is complicating the operations of other firms

from Feedburner https://ift.tt/2sa2e7N