The future of retail banking and the case for core transformation

| November 29, 2017

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This paper argues that the widespread uptake of disruptive new technologies is exacerbating the pressures facing retail banking today, thereby driving a fundamental change in the structure of the industry i.e. digital-driven disintermediation of the banking value chain. Most European banks are not equipped for this change because of the limitations of their aging legacy systems. Although banks have been investing in digital propositions in the frontend, they have been reluctant to embark on core systems replacement.

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Axcess Financial

We’re Axcess Financial. We are a financial solutions provider for real people and a career destination for those who want to make a difference. We work to provide customers with financial solutions they need when they need them. And we work internally with our team of employees to foster a fast-paced, open work environment with plenty of opportunities for future growth. Our story began over 20 years ago in Covington, KY, at a retail location with a customer base in desperate need of financial support. Since then, we have grown to nearly 1,000 retail stores and have serviced over 50 million loans. We continue to use our history to guide us every day, as we seek ways to better ourselves and the lives of our customers. And, we look to hire those who would like to do the same.

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Spotlight

Axcess Financial

We’re Axcess Financial. We are a financial solutions provider for real people and a career destination for those who want to make a difference. We work to provide customers with financial solutions they need when they need them. And we work internally with our team of employees to foster a fast-paced, open work environment with plenty of opportunities for future growth. Our story began over 20 years ago in Covington, KY, at a retail location with a customer base in desperate need of financial support. Since then, we have grown to nearly 1,000 retail stores and have serviced over 50 million loans. We continue to use our history to guide us every day, as we seek ways to better ourselves and the lives of our customers. And, we look to hire those who would like to do the same.

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