Join getAbstract to access the summary!

Retail Banking

Join getAbstract to access the summary!

Retail Banking

In Tech We Trust

EIU,

5 min read
5 take-aways
Audio & text

What's inside?

A survey of global financial executives offers a look into the future of consumer banking.

auto-generated audio
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
auto-generated audio

Editorial Rating

7

Qualities

  • Comprehensive
  • Analytical
  • Visionary

Recommendation

This Economist Intelligence Unit survey of 203 bank executives from around the globe offers a look into the future of retail banking through 2020. It examines how fintech is upending the consumer banking sector, how cybersecurity concerns are growing and how emerging services like robo-advisers are competing against conventional banks in the wealth management business. getAbstract recommends this useful text to finance professionals and policy makers.

Summary

The world of banking is changing rapidly, according to bankers’ responses to a global survey on the future of retail banking: New fintech services are popping up, automation is increasing and the threat of cyberfraud is growing. Examples are readily apparent in retail branch banking. For instance, in Denmark, Jyske Bank will eliminate its teller positions by the end of 2016. But in developing countries, banks are mixing traditional facilities and mobile platforms to deliver services. In India, Yes Bank has a strong physical presence in urban areas to offer customers multichannel banking and relationship managers; ...

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

Comment on this summary

More on this topic

By the same author

8
Report
Industries in 2019
8
Report
Order and Progress?
8
Report
The Global Liveability Index 2018
8
Report
The Hinrich Foundation Sustainable Trade Index
9
Report
Preparing for Disruption
8
Report
Trade War Brewing?
7
Report
A Digital Future
8
Report
M&A in a Changing World
8
Report
Turning Tides
7
Report
Changes on the Institutional Investment Horizon
7
Article
The Marriage of High Tech and High Finance
9
Report
Innovation in Investment
9
Article
China’s Supply-Side Structural Reforms
8
Article
Symbiosis
7
Article
Worldwide Cost of Living 2017
7
Article
2016 The Year in Crisis
9
Report
Innovation in Life Sciences
9
Report
Democracy Index 2016
9
Report
The Chinese Consumer in 2030
7
Report
Towards Disaster-Risk Sensitive Investments
8
Report
Industries in 2017
8
Report
Managing Risk in Challenging Economic Times
7
Report
Terms of Trade
8
Report
The Workforce of the Future
8
Report
Global Microscope 2016
8
Report
“One Belt, One Road”
7
Report
US Mid-Market Enterprises
8
Report
Global Food Security Index 2016
8
Report
Latin America’s Innovation Gap
8
Report
The Hinrich Foundation Sustainable Trade Index 2016
7
Report
Factors
8
Report
Out and Down
8
Report
Europe Stretched to the Limit
7
Report
Worldwide Cost of Living 2016
7
Report
The Well-Connected Treasurer
8
Report
All That Glitters
7
Report
Governance, Cost and Sustainable Investing
8
Report
Democracy Index 2015
8
Report
Industries in 2016
7
Report
Rethinking Risk in a More Uncertain World
8
Report
The Disruption of Banking
8
Report
The Never-ending Sale
8
Report
After the Freefall, What to Expect from Commodity Prices
8
Report
A Delicate Stage
7
Report
Cultivating Sources
7
Report
The Wealthy Migrant
7
Report
Financing the Fragile Economic Recovery
8
Report
Long-Term Macroeconomic Forecasts
9
Report
The Cost of Inaction
8
Report
The Blue Economy
8
Report
Chinese Investment in Developed Markets
7
Report
Private Sector Development in the Caribbean
8
Report
Prospects and Challenges on China’s ‘One Belt, One Road’
8
Report
Generation ¥
8
Report
Future Cities
8
Report
Digital Adoption in the Insurance Sector
7
Report
Future Factors
8
Report
Spotlight on the New Wealth Builders
7
Report
The Road from Principles to Practice
8
Report
Singapore
8
Report
Worldwide Cost of Living 2015
7
Report
Redefining Banking to Survive and Thrive in a Digital World
7
Report
The Future of Business: Supply Chains
8
Report
Democracy Index 2014
8
Report
Still Making It
7
Report
Retail Banks and Big Data
7
Report
Navigating the Waters of Foreign Exchange and International Payments
8
Report
Industries in 2015
7
Report
Global Challenges in Asset Management
8
Report
The Business of Cheaper Oil
7
Report
China Going Global Investment Index
6
Report
Financial Services: United States of America
8
Report
Global Microscope 2014
7
Report
Evolution of Work and the Worker
8
Report
Cyber Incident Response
7
Report
Business Environment Rankings
8
Report
The Business Environment in Gulf Co-Operation Council Countries
7
Report
Consumer Goods and Retail
7
Report
United Kingdom
8
Report
Financial Services
8
Report
Energy
7
Report
Japan
7
Report
Germany
7
Report
Future Factors
7
Report
Value-Based Healthcare
7
Report
Worldwide Cost of Living 2014
9
Report
China’s Urban Dreams, and the Regional Reality
8
Report
The Search for Growth
8
Report
Brazil
8
Report
Is 75 the New 65?
8
Report
Succeeding in a Value-Based Environment
8
Report
Industries in 2014
8
Report
The End Isn't Nigh
8
Report
Diminishing Dependence
8
Report
China
8
Article
World Risk Alert April 18th 2013
8
Report
Telecommunications
8
Report
Women’s Economic Opportunity 2012
7
Report
Consumer Goods and Retail

    Learners who read this summary also read

    7
    Report
    The “New New Normal” in Retail Banking
    8
    Report
    Retail 2022
    7
    Report
    Banking Crises
    9
    Video
    Better Banking
    7
    Report
    Banking On Our Future
    8
    Article
    How Retail Media Is Reshaping Retail

      Related Channels

      Financial Industry
      Technology Industry