Trend Report

Banks Must Reinvent Themselves To Enable Customers’ Financial Well-Being — Or Be Forgotten

Jacob Morgan
Aug 26, 2019

Summary

Financial services firms that fail to embrace digital business transformation will either cease to exist or become low-margin utilities. Relevant banks will enable customers’ financial well-being. Personalization based on data is crucial to banking experiences. Banks must move from vertically integrated models to ecosystems to deliver value.

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