Everyday Spending Concepts – Overlooking The Golden Egg

5 Jun 2017

by Anna Bennett

Banks often overlook the area of ‘Everyday Spending’. We are all used to highly desirable personalised and inter-connected digital experiences but banks have not delivered.

Lack of personalisation in the current account space is becoming increasingly apparent to consumers. This has led to a plethora of new tech-oriented entrants attempting to steal market share. Consequently resulting in differentiated everyday spending propositions. These leverage digital technology and data to create and enable bespoke solutions for specific customer segments.

Don’t Ignore the Golden Egg

Consequently, this only gets more and more likely with the advent of Open Banking. New entrants have designed their services – and indeed their back ends – to deliver precisely what customers expect from other experiences in other sectors. Customers are demanding services which improve their financial health at a fraction of the time and cost. So how can you ensure customer retention and (re)gain market share?

At FINkit, we’ve conducted extensive consumer research to give our clients some MVP’s for how to start along the journey of delivering better everyday spending services.

Everyday Spending


Please CLICK HERE to arrange a FREE team discovery workshop to understand how you can put in place better banking products quickly with FINkit. 


 


Back to listing

For more information get in touch

+44 (0) 20 3657 0900
info@finkit.com

Drop us a line to experience more on FINkit:

Wondering what 2018 may have in store across #AI, #fintech & retail #banking or just interested in some collated pe… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
A great episode, can't wait for the next one @AnouskaStreets ;) twitter.com/Breakingbanks1… Retweeted by FINkit® is Fiserv
Anna Bennett, Head of Partners at FINkit, comments on the gender diversity in the FinTech sector instagram.com/p/Bc9YV4Fn3Mq/ via @WomenOfFintech
@finkit might have something to help with that 🤔🤓😎😉 #gdpr #regtech City A.M.: Data is only half the GDPR story, w… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
@AnnaB_Tech Head of Partners at @finkit , comments on the gender diversity in the FinTech sector:… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
Today on Breaking Banks, we're replaying one of our fav #podcast episodes of the year on The Importance of Gender P… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
Great points from @afsteadman on the opportunities that can come from Open Banking and PSD2 twitter.com/finkit/status/… Retweeted by FINkit® is Fiserv
It's really important that financial services provide customers with the tools and information they need to use the… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
Listen again, @Finextra webinar 'Winning the battle for the customer in the age of digitisation', featuring @Fiservtwitter.com/i/web/status/9…
Take a look #Women in #FinTech Powerlist 2017 Launched by @InnFin digit.fyi/women-in-finte… #womenintechtwitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
We've been focussing on these concepts for years, now, at @finkit nordicapis.com/what-it-means-… Retweeted by FINkit® is Fiserv
Congratulations @jeffyabuki, named a @MKEBizJournal Top 100 PowerBroker making a difference in Wisconsin. #FISVProud pic.twitter.com/G7dIbPsQ8j Retweeted by FINkit® is Fiserv
Winning the battle for the customer in the age of digitization, in case you missed it : finextra.com/featurearticle… Retweeted by FINkit® is Fiserv
On-demand Webinar: Winning the battle for the customer in the age of digitisation finextra.com/featurearticle… #FISVProud @Fiserv @afsteadman Retweeted by FINkit® is Fiserv
Security issues aren't solved by keeping data in ivory towers; it’s not the consumer-led world we're in. Instead of… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
Absolutely awesome work @FinTechInsiders - picture (and handwriting) borrowed from @davidbrear We’re available fo… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
Catch up on this week's news show when @SarahKocianski took the reins in the absence of @davidbrear, @JasonBates an… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
Excellent episode and great listening to an all-female cast, which sadly is a rarity in the podcast world,… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
The assurance of total data security for Open Banking solutions has never been more necessary, with Uber giving con… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv
How do your customers want to pay? Seven considerations for efficient, lower-cost payment acceptance.… twitter.com/i/web/status/9… Retweeted by FINkit® is Fiserv