25 Ways New Age Banking differs from Legacy Banks!

Much is being written about the transformation in banking in the last few years.  Experts would vouch that this, seemingly sudden development, has been in the making for decades!

The increase in data processing capabilities, the opportunity provided by inefficient processes, growing aspirations of customers and pressure on margin after the recession, have all colluded to herald a new era in banking.

From Fintech to Neo Banks to Digital Banks to Algorithm based lending models to Robo-Advisors to Chatbots to Artificial Intelligence, the stakeholders are many. While some of the changes are still nascent, it’s anybody’s guess that banking is changing. Permanently.

How? Here is your cheat sheet.

By: Amit Balooni

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