Banking predictions portend big change – Gartner
Tom Groenfeldt on techandfinance.com highlights four predictions in a recent Gartner report, that are quite provocative. Taken together, they suggest mammoth changes to Banks as we know them.
Click through for Tom’s take on them. I expect I will do same later.
“By 2010, social-banking platforms will have captured 10% of the available market for retail lending and financial planning.”
“By 2010, 10 percent of banks’ revenue from retail payments will be supported by competitors such as PayPal.”
“By 2010, U.S. banks will start shutting down their full-service mobile-banking channels.”
“By 2011, centralized retail core banking applications will cease to exist in at least 20 percent of banks worldwide.”
FYI: the link is pointing to the Finextra story from your previous post. I believe this is the link you want.
Dan Dickinson
21/02/2008 at 18:35
Thanks Dan … new blog client, and got muxed ip.
Colin
23/02/2008 at 01:04
[...] liked of PayPal because it is cheaper and easier to use than a credit card account. More on this here. Posted by icontract Filed in [...]
The Big Banking Shift « Alternative marketing thinking
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