I was taught a long time ago about 'SMART (*)' goals. I apply that to thinking about predictions and trends. These are the trends that 'The Financial Brand' came out with for the banking industry in 2016 ...

Top 10 Retail Banking Trends and Predictions for 2016

  • The ‘Platformification’ of Banking
  • Removing Friction from the Customer Journey
  • Making Big Data Actionable
  • Introduction of ‘Optichannel’ Delivery
  • Expansion of Digital Payments
  • Executing on Innovation
  • Exploring Advanced Technologies
  • Emergence of a New Breeds of Banks
  • Mining New Talent
  • Responding to Regulatory and Rate Changes

[ Source : The Financial Brand ]

Not a single one of them hit any more than two of the ‘smart’ criteria, so come next Jan / Feb – I predict that we will get a report on how well the trends were predicted.

Just to start … the platformification of banking …. say what !

(*) To remind ..

  • Specific
  • Measurable
  • Actionable
  • Realistic
  • Time-related

            <img class="aligncenter size-full wp-image-6153" src="http://beyondbridges.net/wp-content/uploads/2016/01/knots.jpg" alt="knots" width="791" height="234" />

An interesting article on LinkedIN from Don Peppers – where he discusses how the ‘speed of light’ rigs the stock market.

In many ways, it has always been the case that getting information ahead of anyone else provides an ‘unfair’ advantage – that is after all how Nathan Rothschild grew his family fortune significantly when his personal network delivered the result of The Battle of Waterloo fully 24 hours ahead of the British Government’s own messengers.

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