Brett King Presents The Future of Banking in an exclusive Backbase webinar.
The future of banking will not be about a place you go, about branch networks, rates or product features. The future of banking is in the utility and connectedness with customers.
In this exclusive Backbase BANK 2.0 webinar, the bestselling author of BANK 2.0, discusses how the very nature of banking is changing, how customer's expectations, customer behavior and context will force banks to reboot the way they work their customers.
Highlights of this webinar include:
The Changing Behavior of Customers
The Generational Cliff – when your customers are all gone
The Loss of Physicality – No Paper, No Plastic
The New Utility – Connected, Contextual, Fun, and Fair
The New Banking Ecosystem – BANK 1.0 versus BANK 2.0
5. Up to 5% of banked consumers might be forced to leave the banking system if financial
institutions must alter pricing to make up for reductions in debit card interchange
JAMIE DIMON, CEO OF JPMORGAN CHASE & CO.,
6.
7. You Tube is now the world’s second largest search engine
8.
9.
10. Behavioral Shift
42% of the workforce in 2020 will be Y-Gen
97% own a computer
94% own a mobile phone
76% use Instant Messaging
15% of IM users are logged on 24/7
34% use websites as their primary source of news
28% author a blog and 44% read blogs
49% download music using peer-to-peer file sharing
75% of college students have a Facebook account
60% own some type of portable music and/or video device
such as an iPod
Source: Heidi Przybyla "Obama's `Youth Mojo' Sparks Student Activism, Fueling Campaign", Bloomberg.com (May 7,2007)
Source: Generation Y, Business Week, February 15 1999
30. 11,400
2006
Average In-Branch
Transactions per Month
2010 staff by
50%
Which will require a
reduction in teller
2015
8,550 source: Novantas LLC, FDIC
31. Checks as a percentage of retail
payments in the US
59.5% 2000
source: Federal Reserve, NACHA, National Retail Federation
4.3% 2010