Post-pandemic, digital banking has reached a new level of adoption. Previously the financial industry was taking an incremental, go-slow approach to onboarding new technologies.
But fintechs and neobanks had been scrutinizing their competition for years and seized the opportunities to grab market share by appealing to the same qualities that have changed every consumer-oriented sector in the past decade - personalization, ease of use, and flexibility.
Yet banks and credit unions have now had a chance to size up the competition as well. And there are significant opportunities for financial institutions that can incorporate some new digital ideas into their playbooks.
On June 24, we’re offering a free webinar with banking and fintech experts, Ron Shevlin of Cornerstone Advisors and Dave DeFazio of StrategyCorps. The webinar is based on a new research report, Creating a Fintech Subscription Engine, developed in partnership with Cornerstone Advisors and StrategyCorps.
You can get a free copy of this in-depth report just by registering for the webinar!
During the webinar, Ron and Dave will expand on some of the report’s findings, and discuss the challenges and opportunities for banks and credit unions to remain relevant with consumers and how to nurture primary checking relationships using recurring revenue strategies.
Among other important topics, Ron and Dave will explore:
- The four key drivers of the revenue recession and why FIs can no longer depend on traditional revenue sources
- Why consumers are embracing digital banks and fintech companies at the expense of primarily community FIs
- The banking products/services that can generate much needed new revenue by embracing “embedded fintech”
This free webinar is essential for banking and credit union professionals responsible for growing revenue from new sources, developing better opportunities for converting secondary customers into primary customers, and competing more effectively with fintechs, neobanks, and D2C companies.
We hope to see you there!
Director of Research | Cornerstone Advisors
Ron leads Cornerstone Advisors’ fintech research efforts and authors many of the firm’s commissioned studies. He has been a management consultant for more than 30 years for Cornerstone as well as with Aite Group, Forrester Research, and KPMG. Today, he also writes the Fintech Snark Tank column at Forbes.
Partner | StrategyCorps
StrategyCorps partner Dave DeFazio has found great success and satisfaction in exploring the intersection of data, marketing, and technology. Dave’s extensive financial services experience and continuous research in the field help him ensure that each product and service meets the needs of today's financial institutions. At StrategyCorps, Dave works directly with financial institutions to design, build, and implement a variety of checking solutions.