The Millennial Banking Technology framework will help banks understand their millennials moment of truth when it comes to banking experiences. Mobility, big data and analytics are some of the necessary requirements to fulfill millennial banking demands. Read more: https://blog.aspiresys.com/banking-and-finance/millennial-banking-technology-framework/

1. The Millennial Banking
Technology Framework
Your guide to survival in the digital age
Mythili Madhav,
BFS Delivery Manager
Vishwas Anand,
Head of Thought Leadership
Hosted by :

2. 2 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
Millennial Needs in the Digital Age

3. 3 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
The shift in the financial industry cannot be understated. To illustrate:
of millennials would consider using a branchless experience
would be likely to bank with non-financial services companies
are interested in their bank providing tools and services
of millennials feel like their bank understands them.
39%
72%
67%
Only
32%

4. 4 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
Feedback for New Fintech Products
Market feedback from clients
Millennials have a unique scenario
Paytm vs PayZapp
Offer social feedback but are silent sufferers to banks

5. 5 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
Smartphone adoption among millennials is a major factor
for banks
of millennials check their phone within the first 15 minutes of waking
up
say they wish they could do banking and shopping on
their smartphones
say it is very important for banks to have a high quality mobile app
designed for smart devices
87%
85%
81%
Millennials want a solid mobile banking experience

6. 6 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
The Millennial Banking Revolution is set to take the global banking industry by storm
Experiences are necessary for Millennials, Banks are not!
Embrace the Millennial Banking Revolution Now!
THE
MILLENNIAL
BANKING
REVOLUTION
End-customer,
Client, Bank data
BANKING
INSTITUTION
TRADITIONAL
BANKING VALUE
CHAIN
Payment
Providers
Service
Partners
Aggregators Banking
Institution
Solution
Partners
End-customer, Client, Bank data
MILLENNIAL
BANKING VALUE
CHAIN

7. 7 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
The Millennial Banking Technology Framework
Accelerated
Mobility
 Mobile Apps
 Digital Payments
 IoT Integration
Amplified
Social Connectivity
 Self-service Portals
 DXM
 Channel Solutions
Contextualized
Analytics
 Conversational Advisors
 Personal Finance Dashboards
 Decision-Making Platforms
Solution
Partners
Service
Partners
Aggregators
Payment
Providers
API Management
RiskManagement
RegulatoryCompliance
MILLENNIALS

8. 8 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
A story about a
Singaporean bank
revolutionizing millennial
engagements

9. 9 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
According to Forbes, every 1 in 20 Singapore’s
millennials is going to be a millionaire next year

10. 10 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
The ever changing millennial clientele now
demanded a 24x7 digital connect with the bank

11. 11 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
RMs failed to create trusted relationships with
their millennial customers in their online world

12. 12 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
The first step to every partnership is trust, that’s
when the convergence of disruption comes to life!

13. 13 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.
A solution that pulled millennial customers
closer to their relationship managers

14. 14 US | UK | SINGAPORE| BENELUX | ME | IND©1996-2017 Aspire Systems, Inc.

15. Thank You