Will Conversational Interfaces Eat Telecoms? Paul Sweeney, TADSummit 2018
Bank 3.0
1. Bank 3.0: The Future of Banking
Presenter: Job O. Otian’ga
March, 2016
2. 1
Bank 3.0 – The Future of Banking
The loss of physicality
Moving product & service distribution to mobile and other digital channels
3. 2
Bank 3.0 – No Longer Somewhere You Go, But Something You Do
Any time, any place & any device
How easily can I access my accounts
when I want to?
How much can I trust you to execute
business on my behalf?
4. 3
Bank 3.0 – Bank 3.0 In Retrospect
Building on Bank 2.0
Disruptive customer
behavior
Technology shift
New banking model
5. 4
Bank 3.0 – Closing the Gap Between Customers & Banks
Why non-bank competitors are totally disrupting the
industry
The customer isn’t the king, he’s the dictator –
highly impatient, skeptical, cynical
Customers don’t care about your branch
network, capital adequacy, products and rates
You know your customer, but don’t know about
them
The brick & mortar model is yet to deliver on
positive customer experience
The broken bits are yet to be fixed – channel
improvement
6. 5
Bank 3.0 – Killing the Status Quo
Things you don’t need to teach DIGITAL NATIVES
Online collaboration
Networking
PayPal
Friending
Crowdsourcing
Downloading
Multi-touch
Texting
Likes Peer-to-peer
Search
Social
Hypertext
Apps
App stores
Connect
Blog
Flip it
7. 6
Bank 3.0 – Killing the Status Quo
Who will be playing catch up for the next decade?
42% of the workforce in 2020 will be Y-gen
97% will own a computer
94% will own a mobile phone
76% will use instant messaging
15% of IM users will be logged online 24/7
34% will use websites as their primary source of News
28% author a blog and 44% read blogs
49% download music using peer-to-peer file sharing
75% of college students have a Facebook account
60% own some type of portable music and/or video
device such as an iPad
8. 7
Bank 3.0 – Key Players
What will characterize 3.0?
Mobile wallet dominance
Expectations created by tablet
computing
Cloud operationalization
Social media explosion