9 ways retail banks can chart a roadmap to digital value

16
9 Ways Retail Banks Can Chart a Roadmap to Digital Value @CiscoFSI

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Page 1: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

9 Ways Retail Banks Can Chart a

Roadmap to Digital Value

@CiscoFSI

Page 2: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

“If banks aren’t digital, they’re going to

be dead in the water.”

Chris Skinner, author, Digital Bank

@CiscoFSI

connectedfuturesmag.com

@CFuturesMag

Page 3: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

The time is now to differentiate and drive your

own disruption. #NeverBetter

@CiscoFSI

Page 4: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Where should you start?

Here are 9 priority areas for your roadmap.

@CiscoFSI

Page 5: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Make the Branch

as relevant as

ever with

Sales and

Services

Transformation.

$152B

1

Value at Stake, 2015-2017

@CiscoFSI

Page 6: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Offer connectivity

across multiple

devices among

Next-Generation

Workers.

Value at Stake, 2015-2017

2

$50B

@CiscoFSI

Page 7: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Enable

Mobile

Payments

to improve

customer

convenience.

$43B

3

Value at Stake, 2015-2017

@CiscoFSI

Page 8: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Connect

customers with

Video-Based

Advisors.

$38B

4

Value at Stake, 2015-2017

@CiscoFSI

Page 9: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Leverage analytics

to deliver

Connected &

Targeted

Advertising.

5

$33B Value at Stake, 2015-2017

@CiscoFSI

Page 10: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Reach new

customers with

rebranded

White-Label

Services.

$25B

6

Value at Stake, 2015-2017

@CiscoFSI

Page 11: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Leverage

efficiencies

and insights to

drive quicker

Product

Innovations.

7

$19B

@CiscoFSI

Value at Stake, 2015-2017

Page 12: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Leverage customer

data to create

personalized

Information-

Based Consulting.

8

$9B Value at Stake, 2015-2017

@CiscoFSI

Page 13: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Improve customer

satisfaction

through enhanced

interactive

experiences and

Virtual Tellers.

$5B

9

Value at Stake, 2015-2017

@CiscoFSI

Page 14: 9 Ways Retail Banks Can Chart a Roadmap to Digital Value

Cybersecurity

enables these

priority areas to

drive 90% of the

total opportunity.

$405B Total Potential Value at Stake, 2015-2017

@CiscoFSI