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2022 Banking Outlook

West Monroe

In 2022, the dialogue across financial services will be driven by the themes of rising interest rates, high inflation, and the need for growth in the face of continued digital disruption. Payment and monetary disruption: the rise of crypto in mainstream banking. Digital transformation in banking isn’t just about apps and tools.

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BPO Philippines Reshaping The Retail & Banking Industry For 2022

Magellan Solutions

BPO Philippines Reshaping The Retail & Banking Industry. Retail banks , like most companies, face an urgent imperative to reimagine themselves. . Consumers’ banking preferences are rapidly evolving. But many banks have yet to fully transition due to limitations of their digital capabilities. .

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How Consumer Banks Will Survive This Recession

2020 Research

The Looming Economic Storm: How Consumer Banks Will Survive This Recession. Explore our five key findings from the 2022 US Banking Industry Loyalty Report, created in collaboration with Apex Scoring System. Should Consumer Banks Shift Their Perspective When Addressing Internal Challenges?

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Top 4 Customer Experience Trends for Financial Services to Expect in 2022

Comm100

Customers demanded digital services to meet their needs, and as organizations rose to the demand, these high customer expectations led to innovative new services. As we look ahead, 2022 promises, even more changes for the financial services industry. In 2022, chatbots will become a driving factor in improving customer experience.

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How Banks are Prioritizing Investments in an Erratic Economic Landscape

West Monroe

The economic uncertainty that defined 2022 has carried over into 2023—recession talks loom and interest rates are rising. Featured Content Why banks should shift to offense and invest amid market uncertainty Read More The good news? Banks aren’t planning to freeze initiatives to ride out the unclear landscape.

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Why banks should shift to offense and invest amid market uncertainty

West Monroe

This means that at a time when banks are poised to generate “cycle” high-net interest margins, they’re instead forced to prepare for volatility: increasing loan loss reserves, optimizing their workforce, and scrounging for deposit bases. Facing an economic downturn, banks should play offense.

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Is It Tech or Trust That’s Tanking the Bank Business?

2020 Research

Schlesinger Group conducted research , in collaboration with Apex Scoring System, to explore what’s behind the sharp decline in banking customers’ loyalty. Is it booming technology and online banking or a complete loss of trust in “big banks”? Forward-Thinking – Are you innovating and building new financial experiences?

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