Financial Futures

For financial institutions, digitization is no longer optional. In this episode of Financial Futures, Nick Woodcock, Senior Vice President, Group Executive, Digital Banking, FIS explains why banks need to digitize to survive.

Show Notes

So far in this fifth season, we’ve explored the nuances of the digital transformation. We’ve looked at real-time posting trends, changes in commercial banking, and the new digital reality of retail lending. But in this episode, we’re asking why digitize now? Nick Woodcock, Senior Vice President, Group Executive, Digital Banking, at  FIS says that for banks, “it’s a matter of competitive survival.”  
 
COVID-19 expedited this need for digital services–mobile signups and transaction volumes significantly increased in the last year. How are banks adapting to this high demand, and what can they do to start their switch to digital? We’ll also look at: 
  • How has the definition of digital evolved over time? 
  • What makes a good digital customer experience?
  • How will branch banks be utilized in the digital future? 
  • How are some financial leaders approaching their digital transformation? 

What is Financial Futures?

The way we move money is changing. Fast. We want control at the touch of a finger-print. We want to send money in real-time – to the other side of the world. We want everything in one place, integrated, seamless and on our devices. Ubiquitous, embedded, fast, standardized, frictionless and secure. Global finance trends are hurling towards a unanimous conclusion.

These are our Financial Futures.

Each episode, we size up the bleeding edge of fintech innovation and explore the trends that are already transforming the way the world pays, banks and invests across the globe. And the mechanisms we’ll need to prosper in this brave new landscape.

Is the world’s technology up to the challenge? Are we?