As Britons continue to save more in the wake of COVID-19, and more savers do their banking digitally, building societies and banks must re-think how they service their e-savings accounts to increase share of wallet.
COVID-19 lockdowns triggered a huge increase in savings in the UK. In June 2021 alone, households deposited an additional £9.8 billion with banks and building societies. In this environment, banks and building societies have no choice but to innovate, designing different product features and benefits in their digital banking offerings, rather than focusing on the headline rate
With financial transactions forming the backbone of so much of our commercially driven world and ever increasing in volume, now is the time to them as efficient as possible.
In an exclusive interview the Fintech Finance, Sandstone's CEO discusses the opportunities of Open Banking and the key strategic priorities for banks.
As Britons continue to save more in the wake of COVID-19, and more savers do their banking digitally, building societies and banks must re-think how they service their e-savings accounts to increase share of wallet.
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