Are banks ready for real-time?

How will the next generation bank? In this episode of Financial Futures, Matt Lessig joins us to explain how banking technology and infrastructures have evolved over time, and why banks should invest in real-time banking solutions.

Show Notes

The way we bank has evolved from brick-and-mortar branches to an almost completely digital customer experience. So how will the next generation bank? According to Matt Lessig, Vice President of Next Generation Banking at FIS, real-time banking is the future of how money will move. 

 

In season five of Financial Futures, we're focusing on banking's digital transformation, and why the switch to digital is no longer nice to have––it's a need. We'll unpack what this digitization trend looks like for banks, consumers, and communities. 

 

In this episode, we’re talking about real-time banking with Matt Lessig. Matt explains what real-time solutions are available for financial institutions and how they’re being implemented. What role are fintechs playing in this switch? We’ll also talk about: 

• How did the posting process traditionally work? 
• What’s the difference between memo posting and real-time posting? 
• How does real-time banking cut costs? 
• What are some roadblocks to making the real-time switch? 

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?