Las Vegas, Here We Come!
Embrace the Revolution
Banks today are confronting digital, data and customer disruptions that are transforming the entire industry. Retail Banking 2016 will provide a view of the future in these areas, offering insights and a vision of the future on all the issues that are keeping bankers up at night.
There are more than 8,000 fintech start-ups in the U.S. today, says Brett King, CEO of Moven, more than the number of banks. It should come as little surprise, then, that 35 percent of bank executives surveyed by Business Insider and The Economist Intelligence Unit said they believed tech and e-commerce companies such as Amazon and Apple pose the greatest threat to traditional banks.
Some 33 percent of millennials say they won't need a bank in 5 years in a recent Goldman Sachs survey. Forty percent of millennials would consider banking without a branch, according to Accenture. Retail Banking 2016 will look at how todays banks can meet the needs of tomorrows customers.
This leads to the revolution of the bank branch. Bank branches are mausoleums, says Jay Sidhu, chairman and CEO of Customers Bancorp. That may be an overstatement, but the declining role of the branch and the increasing importance of digitalization will be key topics at Retail Banking 2016.
Are you ready? Its time to embrace the revolution and the path it offers to success this year and in the next decade. Retail Banking 2016 will offer a vision of how to compete with the upstarts on convenience and user experience and how to take advantage of traditional bankings endemic advantages. Dont miss this leading event the future of your institution may depend on it.