What customer-owned banks can teach us about leading with purpose
Institutions within the customer owned banking sector are often viewed as followers rather than ...
Digital Banking
With an increased demand for online servicing and customers engaging with their financial institutions with a mobile first mindset, banks can no longer take the lead in the conversation. The power has shifted to that of the customer, whether that be consumer or business. Customer experience is once again at the forefront of engagement and looking at ways in which processes can be automated, made more efficient and effective, that directly impact the customer will benefit everyone involved. Below we provide some thoughts and insights on some of the topics and themes we view as important factors to being successful in financial services.
This whitepaper covers:
It seems like only yesterday that Millennials were the up-and-comers, their digitally-driven behaviours forcing change in the financial industry. Now it’s Generation Z, half of whom are already adults, and all of whom are digital natives. Meanwhile, the Alpha generation – the under 10s – are hot on their heels.
What’s shaping the money mindsets of these younger generations, and how will financial institutions (FIs) need to evolve to keep them as customers?
The desire for both business and personal banking customers to self-serve has never been greater. Fuelled by the digital experiences forced upon us during the global pandemic, our acceptance of – and ability to successfully use – digital platforms has increased significantly, meaning the expectation people have of what ‘good’ looks like online, both in terms of experience and the tasks that can be performed, has changed dramatically.
Institutions within the customer owned banking sector are often viewed as followers rather than ...
Why do so many financial institutions aspire to 100% configurable technology? In our experience, ...
Last month, Sandstone Technology attended the Future of Financial Services conference in Sydney, ...
As digital natives enter the ranks of customers in their droves and challenger banks emerge with ...
No business today can afford to take their customers for granted. Customer experience has become ...
Banking technology is always on the move. The annual Banking Transformation Summit (BTS) is an ...
The term Open Banking started to gain notoriety in 2016 as a direct result of the UK’s Competitions ...
Open Banking drew global attention in 2016 as a direct result of the UK’s Competitions Market ...
The Open Banking deadline is nearing for Data Holders, the major banks have already complied with ...
Why aren’t more digital banking front ends being re-tooled to supercharge growth? Sandstone Technology’s CEO Michael Phillipou helps explain how APIs make exciting fintech integrations possible with many core banking system, however monolithic and problematic they may be.
Covid-19 has significantly transformed our lifestyle on multiple fronts. From the way we do our professional work...
The value of a single, authoritative customer view is well established, and offers many advantages, from segmentation to risk reduction and customer retention. But as Sandstone Technology Chief Customer Officer Ross Watts, explains, there are three major hurdles to be overcome...
With competition emanating not only from fintechs but also leading technology companies, it has become extremely difficult to grow or even maintain margins...
At a time when it’s easier to switch than ever before, single customer view is a powerful retention and capture tool in the fight for market share...
Customers are no longer satisfied with being treated as a number, instead personalised, tailored customer journeys have replaced the outdated approach to banking...
All banks and financial institutions have a Digital Banking platform these days. But does yours just cover the basics?...
It’s time to change your perspective – it’s no longer ‘digital banking’. It’s ‘banking in a digital world’...