In order to compete in today’s market, banks will do the same. Banks will become part of the fabric of doing, allowing customers to think less about banking and more about a service that allows them to go about their lives. This means not just safekeeping assets and transacting but also things like using AI and personal patterns and behaviors that predict and manage one’s wants and needs into a more seamless experience.
Dan McKinney is the chief marketing officer and a co-founder of Finxact, a company modernizing core bank processing in the cloud with Core as a Service. Mr. McKinney has been involved as an investor and operator, launching technology products and services, for companies including NextStage Capital and IBM.