The Rise of Challenger Banks: How Legacy Banks Are Trying to Keep Up
Modern banking is dominated by technology and the race to improve customer experience. With challenger banks constantly innovating, the old giants are pushed to adapt.
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Legacy
Are Business Models Changing Too Quickly for Banks to Keep Up?
For hundreds of years, banks have been following a simple yet effective business model – they take money in from depositors and lend it out to borrowers. Despite public consensus, there is nothing more complex than that.
Banks Set to Invest in Legacy Systems to Combat Challenger Bank Threat
30% of commercial banks see challenger banks as the biggest threat of 2019.
What Are the 2 Biggest Hindrances to Data Management?
More than a third of financial institutions (37%) find that legacy data platforms are the biggest obstacles to improving their data management and analytics capabilities, according to research from Asset Control. Whereas, for 31%, the cost…
Lehman’s Lingering Legacy: Why Financial Services M&A Has Not Recovered from the Crisis
A decade on from the great financial crisis and the fall of Lehman Brothers and Europe’s financial services is the only sector not to have returned to pre-crash levels. Below Finance Monthly hears some expert commentary from Beranger…
