Banking may appear simple, but the reality is far more complex. In this episode, our host Salomon Wettstein and guest Dennis Khoo, Managing Partner at allDigitalfuture LLP, unravel the intricacies of the banking industry.
Discover traditional banks’ challenges in navigating the digital age - legacy systems, siloed departments, and the pressure to prioritise short-term profits over long-term customer relationships. We also explore the rise of digital banks. Is their success truly technology-driven, or is there more beneath the surface?
00:00 - Introduction
07:13 - Challenges faced by traditional banks
10:41 - The role of market size in the success of virtual banks
15:41 - How can traditional banks learn from digital banks and fintech companies?
20:17 - Key KPIs in digital transformation project
26:40 - Banking is a simple business model that is complex to execute
31:12 - Upcoming trends in banking
Tune in for an engaging conversation filled with valuable perspectives and practical advice!
Leave some feedback. What else should we talk about next? Let us know via our LinkedIn pages.
Connect with us:
Synpulse LinkedIn: linkedin.com/company/synpulse
Synpulse8 LinkedIn: linkedin.com/company/synpulse8
Instagram: lifeatsynpulse
X: x.com/synpulsemc
Facebook: synpulsemc/
Connect with Salomon: linkedin.com/in/salomonwettstein/
Connect with Dennis: linkedin.com/in/dr-dennis-khoo-67736a14/
The views expressed by our speakers are their own and do not necessarily reflect those of Synpulse. We urge you to research further or consult experts before making decisions based on the information shared. Any references to products, services, or organisations are not endorsements but for education or informational purposes. While we strive for accuracy, we cannot guarantee completeness or timeliness, and we disclaim liability for any reliance on this content.