{"id":79,"date":"2015-12-08T07:10:53","date_gmt":"2015-12-08T07:10:53","guid":{"rendered":"http:\/\/www.streebo.com\/our-blog\/?p=79"},"modified":"2021-05-24T08:25:12","modified_gmt":"2021-05-24T08:25:12","slug":"mobile-banking-and-the-challenges-of-the-digital-age","status":"publish","type":"post","link":"https:\/\/www.streebo.com\/blog\/mobile-banking-and-the-challenges-of-the-digital-age\/","title":{"rendered":"Mobile Banking and the Challenges of the Digital Age"},"content":{"rendered":"<p>At a time of unprecedented structural change in the financial services industry, banks and credit unions are contending with increasing challenges, including post-crisis regulations, a more demanding consumer and new competition from inside and outside the industry.\u00a0As cited by 30% of global senior bankers,\u00a0there is concern that more empowered and better informed customers may begin to switch providers in greater numbers.<\/p>\n<p>&nbsp;<\/p>\n<p>Banks are responding to these challenges by investing heavily in product innovation, digital channels and in complying with new regulations. Digitization and ever changing customer behavior causing this one of its kind \u2018generation shift, probably a second \u2018big bang\u2019.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-80\" src=\"http:\/\/www.streebo.com\/our-blog\/wp-content\/uploads\/2016\/06\/Mobile-Banking-and-300x199.jpg\" alt=\"Mobile Banking and\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.streebo.com\/blog\/wp-content\/uploads\/2016\/06\/Mobile-Banking-and-300x199.jpg 300w, https:\/\/www.streebo.com\/blog\/wp-content\/uploads\/2016\/06\/Mobile-Banking-and.jpg 614w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Analyzing our interaction with lots of banks and financial services, most of the major investments are planned for:<\/p>\n<ul>\n<li>Apps for tablets<\/li>\n<li>Location based services<\/li>\n<li>NFC &#8211; Near Field Communication<\/li>\n<li>Corporate Banking services<\/li>\n<li>Mobile Payments<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>With the hope that, these investments will enable them in:<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Improve customer centricity<\/li>\n<li>Increase productivity and efficiency<\/li>\n<li>Optimize costs<\/li>\n<li>Enhance their brand<\/li>\n<li>Create relevant customer interactions and<\/li>\n<li>Improve employee job satisfaction<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>The most innovative banks no longer think of themselves as mere providers of financial products and services and enablers of transactions, but want to be regarded as solution providers that play a greater role not just at the moment of transactions, but before and afterward as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At a time of unprecedented structural change in the financial services industry, banks and credit unions are contending with increasing challenges, including post-crisis regulations, a more demanding consumer and new competition from inside and outside the industry.\u00a0As cited by 30% of global senior bankers,\u00a0there is concern that more empowered and better informed customers may begin [&hellip;]<\/p>\n","protected":false},"author":45,"featured_media":80,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,22],"tags":[36,19,18],"class_list":["post-79","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-mobile-app","tag-banking","tag-banking-apps","tag-mobile-banking"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/posts\/79","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/comments?post=79"}],"version-history":[{"count":5,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/posts\/79\/revisions"}],"predecessor-version":[{"id":388,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/posts\/79\/revisions\/388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/media\/80"}],"wp:attachment":[{"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/media?parent=79"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/categories?post=79"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.streebo.com\/blog\/wp-json\/wp\/v2\/tags?post=79"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}