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Tuesday, July 12, 2016

Remaking Banking

Hang on—Big Tech Is Remaking Banking

Think the business has changed? Just wait!

John Ginovsky | July 7, 2016



They have been saying for years that technology is fundamentally changing banking—but now they really mean it.
“They” of course are the analysts, poll takers, and corporate observers whose job it is to chart the trends shaping the financial services arena. Just within the past few months many have come out with prognostications, both general and specific, to which banking leaders ought to pay attention.
In the interest of “making sense of it all,” here are nuggets from said prognostications.


Source: https://www.accenture.com/lv-en/insight-remaking-finance-risk-everyday-bank

<more at http://www.bankingexchange.com/blogs-3/making-sense-of-it-all/item/6337-hang-on-big-tech-is-remaking-banking; related articles and links: https://www.accenture.com/lv-en/insight-remaking-finance-risk-everyday-bank (Accenture Consulting website) and http://www.chicagotribune.com/news/sns-wp-blm-banks-ai-3acf02d8-2d9c-11e6-b9d5-3c3063f8332c-20160612-story.html (Algorithms could render banking jobs obsolete. June 12, 2016)>

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