Financial Futures

Thanks to digitization efforts, commercial banks have weathered the storm of COVID-19. In this episode, Brian McCumber, CPA, director of Next Generation Banking at FIS joins us to explain how commercial banking switched their priorities and reinforced the fundamentals.

Show Notes

Thanks to digitization efforts, commercial banks have weathered the storm of COVID-19. Contactless payments, mobile deposits, and remote services kept money moving and businesses afloat in 2020.  But, according to Brian McCumber, CPA, director of Next Generation Banking at FIS, even as financial institutions quickly pivoted, the fundamentals of banking remained steadfast. 
 
In this season of Financial Futures, we're focusing on banking's digital transformation. Digitization is no longer optional for financial institutions––it's necessary. We'll unpack what this trend actually means for banks, consumers, and communities alike. 
 
In this episode, Brian McCumber, CPA, director of Next Generation Banking at FIS, explains how commercial banks have adapted in the past year and the challenges they still face ahead. We’ll explore how the commercial customer experience changed and the three major priorities for commercial banks. 

We’ll also talk about: 
  • What are some bright spots of the commercial banking sector? 
  • How are commercial banks implementing government support schemes?
  • What role are fintechs playing in the digital transformation of commercial banking? 
  • What are the fundamentals of commercial banking? 

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?