Disruption in Retail Banking

Group founded 03 Oct 2012
Posts 81
Members 28
Group summary

Growth in internet and mobile technologies has transformed many industries and economies. The market forces and competitive landscape has completely changed in many sectors. iTunes has fundamentally changed music industry, Amazon has driven most big brick and mortar book sellers out of business, Expedia is one of the worlds' biggest travel company….. the list goes on. Internet and mobile technologies are big disrupters for most industries. What started (and tapered a bit!) with the dot com boom of 2000 has become a lethal threat to most business models today. Powered by mass adoption in mobiles phones, proliferation of smart phones and cheaper band-width, internet and mobile technology have changed many industries. The banking industry in has been dominated by a handful of big global or regional banks for 100s of years. While the credit crisis has shaken this industry, the core market forces for the industry have not changed. Will Innovation in Internet and Mobile technologies disrupt retail banking? Will there be 5 new names in global top 10 retail banks in 2020?

More blogs
See all Blogs »
Helene Panzarino

Small business needs taxis not tankers

Large incumbent banks don’t serve small and medium-sized businesses well. Dress it up in euphemisms like ‘It’s an underserved market’ all you want; the reality is they get the short straw when it come...

02 Mar 2021
Bo Harald

Churchill already knew

"It is a mistake to look too far ahead. Only one link in the chain of destiny can be handled at a time." Winston Churchill. So much time is used for describing the splendid future with Artif...

16 Nov 2020
Michael Boukadakis

Enablers or Disruptors: Where Do FinTechs Fit?

In the first half of 2020, $2 trillion in cash landed in deposit accounts of U.S. banks and credit unions, according to FDIC data. From corporate borrowing to cash-hoarding and stimulus checks, the un...

06 Oct 2020
Kristen Jason

How Credit Unions are Managing Member Experience During COVID-19

As COVID-19 evolves and continues to impact our world, it’s creating new challenges for business. Unfortunately, credit union members seem to be suffering more. According to a recent Gallup poll in

19 Aug 2020
Joshua Frith

Finance content marketing during a recession

Now dubbed The Great Lockdown, the COVID-19 pandemic has sent economies around the world into recession. In the March quarter, Australia’s GDP fell for the first time in nine years, decreasing by 0.3...

28 Jul 2020
Vaibhav Grover

How can Banks use COVID19 crisis to advance the future?

In one of the office discussions I heard a colleague say – “The bank you thought you would be in 2025 is the bank that you need to be tomorrow!”. This was such a ‘powerful’ statement that it got stuck...

24 Jul 2020
Bhavesh Vaghela

Apple Event WWDC 2020

WWDC worldwide developer conference is largely dedicated to developers however the opening keynotes provides a glimpse into what’s coming for customers. The showcase event on 22nd June 2020 was very d...

24 Jun 2020
Steve Morgan

Are challenger banks transforming the lending market or just providing digital makeup?

The short answer is yes…. sometimes to both. However, there is a huge change underway and enough evidence to suggest that customer and competitive pressure alone will drive more change, even without f...

04 Mar 2020
Chris Harris

Challenger Banks: inflection point or moment of truth?

As Starling, Revolut, Monzo and Tandem bank all seek further investment, questions are being raised whether there is funding round fatigue among investors due to a lack of clarity around margins and d...

19 Feb 2020
Retired Member

The Commercial, Business and Retail Banking Outlook for 2020 and Beyond

Over the past few years, interest has risen in digital-first banking, blockchain technology, automation and the concept of digital banking profiles. And as we head into the 2020s, we’ll see further tr...

05 Feb 2020

Now hiring