It's not the technology | Why banking is broken ft. Ewan Silver | 11:FS Explores Lightboards
When people discuss 'banking being broken', they often refer to the technology itself. As Ewan Silver says - that isn't necessarily the case. The fundamental flaw within banking at the moment is the way that banking products are treated within the organisation. A customer can get a retail bank account, a credit card, and a mortgage from one bank. They would expect this to be a seamless process, as it looks like one entity - but from the bank's perspective, these are three different businesses entirely. They have no single-view of customer.
This was OK for a while. All banks worked in this way, so there wasn't exactly a high bar set for them, But now, with challenger banks offering realtime payments and notifications, and GDPR regulations enforcing banks to enforce KYC across entire organisations, the banks NEED a single customer view. And they can't seem to get there easily.
So what are the potential solutions? Ewan explains it all, with our 11:FS Lightboard.
Видео It's not the technology | Why banking is broken ft. Ewan Silver | 11:FS Explores Lightboards канала 11:FS
This was OK for a while. All banks worked in this way, so there wasn't exactly a high bar set for them, But now, with challenger banks offering realtime payments and notifications, and GDPR regulations enforcing banks to enforce KYC across entire organisations, the banks NEED a single customer view. And they can't seem to get there easily.
So what are the potential solutions? Ewan explains it all, with our 11:FS Lightboard.
Видео It's not the technology | Why banking is broken ft. Ewan Silver | 11:FS Explores Lightboards канала 11:FS
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
The US Banking Battlefield | Banking in the United States ft. Sam MauleFintech is only 1% finished | The fintech market ft. Simon Taylor | 11:FS Explores LightboardsThe current retail banking market | UK retail banking ft. Sarah KocianskiFocus on what matters | Digital R.I.C.H.E.S ft. David Brear | 11:FS Explores LightboardsThe History of Global Banking: A Broken System?11:FS Presents: Newsroom - Open Banking launches VRP and Sweeping consultationEPISODE 4 | Decoding: Banking as a Service | Benefits to big banksYour entire system as a single entity | What is Kubernetes? Ft. Vaughan SharmanAPI-based fintechs take the next steps: Plum generate payments via TrueLayer | Homescreen | Ep 53Why digital transformation has little to do with technology! | Tobias Burkhardt | TEDxIngolstadtHabito: Digital Mortgage Brokerage | 11:FS Homescreen | Episode 72Billions spent just to keep the lights on | Legacy banking systems ft. David Brear | 11:FS Explores𝗟𝘂𝗺𝗶𝗼 fulfilling your financial potential | Homescreen | Episode 71How the blockchain will radically transform the economy | Bettina WarburgGoogle gets into banking (Fintech Insider: Episode 375)At the Speed of Money: How Cryptocurrency Will Transform Everything | David Morris | TEDxTampaBayWhat is Open Banking? | 11:FS ExploresCentral Bank Digital Currencies are HERE | What You Need to KnowThe whole banking system is a scam - Godfrey BloomBó's onboarding | Homescreen | Episode 37