Banks Are Increasing Digital Leverage | Market Insights™
Banks are increasing digital leverage
Banks are increasing digital leverage
The pace of technology disruption and changing consumer preferences are disrupting the current banking landscape, forcing banks to consider a co-creation model to combine, package, and offer products/services from banking and allied businesses. Banks will need to move away from a product-focused approach and adopt a customer-centric strategy to achieve transformation.
In the future, banks will be expected to manage customer interactions, aggregate services/products from ecosystem players, and offer differentiated experiences
Third-Party Risk Management (TPRM): The Competitive Edge
A structured approach to identify, manage, and mitigate risks arising from third parties (i.e., parties other than the financial services firm or their end-consumers)
Third-Party Partnerships: What, Why, and What to Look Out For
Financial services firms around the globe are working to establish effective processes and systems to manage third-party risks and ensure regulatory complianc; TPRM can help.
Mobility Services in Global Banking PEAK Matrix™ Assessment 2016
Types of smart contracts based on applications: smart legal contracts, Decentralized Autonomous Organizations (DAO), Distributed Applications (DApps), smart contracting devices
Enterprise adoption of smart contracts requires standards and libraries of smart contract templates and blockchain query language for rapid development of smart contracts-based applications
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