WHAT’S THE FUTURE OF COMMERCIAL BANKING? – A FINANCIAL FUTURIST’S TAKE

18 Aug WHAT’S THE FUTURE OF COMMERCIAL BANKING? – A FINANCIAL FUTURIST’S TAKE

Posted at 09:01h in Uncategorized by

Where are future of commercial banking speakers thinking technology trends and future innovations will take us? It bears discussing…

  • Accelerated use of digital channels – The field’s best future of commercial banking speakers predict physical bank branches will decline as businesses rely more on mobile, online banking and personalized AI.
  • Rise of challenger banks – Agile fintech challenger banks will disrupt commercial banking with advanced digital capabilities and experiences.
  • Growing fee income reliance – With squeezed interest margins, top consulting future of commercial banking speakers foresee banks depending more on fee income from services.
  • Personalization at scale – Leveraging data and AI, futurologists expect commercial banking offerings will become hyper-personalized and predictive.
  • Embedded banking expands – More banking services will be seamlessly embedded into business platforms and workflows beyond traditional channels.
  • Focus on niche segments – Banks will increasingly tailor services and experiences to specific industries, customer niches and contexts according to top future of commercial banking speakers.
  • Decentralized finance – Emerging web3 applications like smart contracts, tokenized assets and decentralized autonomous organizations could reshape banking.
  • Blockchain and crypto integration – Commercial banking will progressively interact and support blockchain networks and cryptocurrencies.
  • Open banking and APIs – Open banking regulation and APIs will enable new levels of connectivity and ecosystem collaboration.
  • Rising cybersecurity threats – Escalating cyberattacks, data fraud and vulnerabilities will pressure commercial banking security.
  • Climate risk and ESG rise – Environmental risk analysis and sustainable finance will become integral to commercial banking.

 

From a future of commercial banking speaker’s perspective, tomorrow holds substantial change, requiring banks to innovate and adapt to thrive into the future.