A successor-bank transformation is necessary regardless of the economic environment. When the economy is good, banks have more time to make the transition. The current landscape of falling rates, the threat of recession and customer adoption of digital banking, are forcing banks to address the issue now.
– Kevin S. Travis, Novantas
What distribution strategies will carry banks through the next decade? Competition will require a new, technology-centered path forward. Is it better to create a separate entity or transform the current organization to digital? The Financial Brand’s Jim Marous and Novantas’ Kevin Travis discuss in this episode of Banking Transformed.