Fintechlab TOP 5–2020 week 14
Innovation | Design | Transformation
Fintechlab TOP 5🔥 — Fintechlab’s weekly rundown of our favorite articles and resources this week
Hey friends, we’re back this week with a fresh set of reading material for you all. This week we’re continuing to think about the impact of the pandemic, and how we can support our leaders as they build their strategy in these uncertain times. Take a look! 👇
1. Banks questions about doing digital transformation - by Chris Skinner
A great article about Chris’ thoughts about the impact of COVID-19 to the financial industry:
“The most popular question at the top of the list was: How do you see the impact of coronavirus to financial industry? It is clear that money will move online. We have already digitalised money effectively, and the pandemic will push more and more of that to continue. The result will be a rapid decline in cash usage, but also card usage. Cards are dirty tokens requiring PIN pads that get coated with bacteria fast. We need to get rid of it. As for cheques …”
2. The First Financial UX Design Podcast 🎧
The latest insights and knowledge about creating demanded digital products in the episodes of UXDA’s Financial UX Design Podcast on ALL major podcast platforms.
3. COVID-19 Will Change The Way Consumers Bank Forever
The number of bank branches and the number of people visiting bank branches has been decreasing for years. As a result of the COVID-19 crisis, many organizations have closed branches completely, while others have reverted to auto teller operations.
4. Six digital growth strategies for banks
Most big banks have the tools and advantages to push the boundaries of their existing business models. And they’re certainly motivated. What hampers their progress is uncertainty about how best to build on core strengths to create sustainable outcomes. To provide a structure for navigating this chaos, and to galvanize the shift to bolder thinking, we’ve identified six opportunities for banks to fuel future growth.
5. OLD But GOLD 🏆 Simon Sinek: Why Leaders Eat Last
In this in-depth talk, ethnographer and leadership expert Simon Sinek reveals the hidden dynamics that inspire leadership and trust. In biological terms, leaders get the first pick of food and other spoils, but at a cost. When danger is present, the group expects the leader to mitigate all threats even at the expense of their personal well-being. Understanding this deep-seated expectation is the key difference between someone who is just an “authority” versus a true “leader.”
We’d love your feedback. Which article above is your favorite? What do you want more or less of? Other suggestions? Let us know! Write to us at hello@fintechlab.hu or tag @MKBFintechlab on any of our channels and use the hashtag #FTLtop5.
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