Strategic rebranding can drive big results across the board for financial institutions, with performance increases in acquisition and market share, with deepening relationships and service adoption, and with increased employee engagement. Different financial organisations achieved numbers like these through well-orchestrated strategic rebranding initiatives. Strategic rebranding can achieve the net member growth, growth in new customer acquisition, growth in young target acquisition (200-44 years old), loan growth, increase in mobile banking users, NPS, decrease in staff…

That Financial Institutions Should Expect This Year, the Fintech is a fast-evolving space. Ability to keep up with the pace of transformation could be a crucial determinant of success or failure in the next year. Knowing how to navigate the landscape of banking technology bolsters security and operational efficiency. It also elevates the user experience. Consider AI-driven solutions in anti-money laundering (AML) and know-your-customer (KYC) processes, for instance. These technologies do more than just speed…

What’s the difference between a digital and digitized bank? The key difference between digital banks and digitized banks is when the technology was introduced. With digitized banks, technology comes second. It’s layered onto existing banking systems as an afterthought to improve customer experience. Digital banks are born digital.Digitization in banking has many benefits for both the banks and the customers. Some of the benefits are: It lowers the operating costs for the banks by reducing…

Employee turnover widely used and common in business circles. So far, focus should on the causes of employee turnover. The key factors of employee turnover; determine the extent to which the identified factors are influencing employees’ turnover. Human resource is considered to be the center of all development processes of economy. But today’s competitive business scenario is deteriorating social conditions of human resources, hence causing employee turnover. The “seeds” or initial causes of turnover, arising…