An Update On Retail Banking Trends And Priorities For 2024

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2024 will be a busy year for technology-enabled change in the retail banking industry. IT budgets have grown by an average of 4.4% compared on 2023 and, while t Priorities for retail banks in 2024 and beyond Retail banking businesses will not only grapple with higher funding costs and slower loan growth, but they must also contend with

In retail banking, scale matters—and will continue to drive mergers in the US. In Europe, we anticipate a further push to scale with in-country mergers as well as cross-country mergers that

Gen AI will be the most transformative development for banks in 2024. Here’s how it will impact banking operations, talent, products and

Banking Trends & Figures 2024

Revitalising the Eurosystem’s retail payments strategy The Eurosystem has updated its retail payments strategy, three years after its adoption, following a number of key developments: December 2023 On Tuesday 19 December, the European Central Bank (ECB) published its updated supervisory priorities for the years 2024-2026. This update stems from an extensive Join Q2’s Gita Thollesson, Anna Fay Lohn and Debbie Smart for the 2024 State of Commercial Banking Webinar at 12:30 p.m. CT on February 8 as they share what the Q2 PrecisionLender

Using the AlphaSense platform, we dive into the key trends in the investment banking industry for 2024, as well as what you can expect from this space this year and beyond. This report explores the divergent performance of banks, driven by factors such as tech strength, global scale, and local dominance; a banking performance quadrant; and using

As our survey of financial institutions across the globe confirm, standing still amid accelerating disruption proves perilous. Still, transformations stall when strategies lack proper foundations. Retail Banking Top Trends 2025 – Priority Matrix Omnichannel experience: Omnichannel customer journeys boost experiences across digital platforms, contact centers, and branches

65% of the banks have clear strategies in Open banking, Banking-as-a-Service (BaaS) and 53% are seeing commercial benefits. Data-related investments, particularly in This article, updated quarterly, looks ahead to the areas expected to be prioritised by financial services regulators across the globe; we look at the key regulatory trends emerging

Q2 Releases New Report on Retail Banking Trends and Priorities

In the evolving landscape of global retail banking, divergent approaches to branch banking are emerging, shaped by the dual forces of digitalization and the enduring value of physical

RESEARCH REPORT Top 10 banking trends in 2025 and beyond To rebuild their relationship with customers, banks must look to the past to build the future.

An in-depth view of the key themes and banking trends to consider in 2023. For those who want to be retail banking leaders, a clear mandate for 2024 and beyond is a focus on improved data and analytics.

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Revolutionizing retail banking: Key strategies and IT priorities for 2024 According to Gartner, IT Spending is projected to experience significant growth with a remarkable increase of 13.5% in This report details the most important retail banking trends and priorities, providing a roadmap for financial institutions as they navigate the

From digital banking to AI and open banking, bankers are strategically engaging consumers and capitalizing on emerging trends, demonstrating measured confidence in Digital made banking more efficient but also more impersonal. AI can help solve this in 2025, along with a mindset of looking to the past to build the bank of the future This report details the most important retail banking trends and priorities, providing a roadmap for financial institutions as they navigate the evolving landscape.

The current model of universal retail banking is unsustainable over the long term. To thrive, banks need to reinvent themselves, focusing on businesses where they can achieve

This report features insights from our recent BAI Banking Outlook: 2024 Trends survey that identified the top priorities for the upcoming year: deposit growth, followed by new customer The business and commercial banking landscape is evolving rapidly. In this blog, we’ll explore Alkami’s top five trends shaping the future of the business and commercial

2025-retail-banking-trends-and-priorities – Free download as PDF File (.pdf), Text File (.txt) or read online for free. The 2025 Retail Banking Trends and Priorities Global retail banking income remains strong in 2024 In 2024, retail banks worldwide have maintained high income levels, primarily fueled by ongoing

Still, transformations stall when strategies lack proper foundations. The 2024 Retail Banking Trends and Priorities report, sponsored by Q2, guides prioritization across key gaps [more] In the age of compound volatility, the banking sector finds itself navigating a myriad of near-term challenges while keeping their eyes trained on their longer-term goals. The year ahead is

Retail Banking Priorities Have Shifted in 2023 The retail banking market changed in significant ways during the first half of 2023, thanks to events like the crisis that took down

Discover the Top Banking Trends plus 10 out of 15 500+ startups in the field and learn how they impact your business. This report summarizes Celent’s guidance to clients around five key industry themes and 15 retail banking technology priorities for 2024. The five themes are consistent The adoption of Generative AI (GenAI) presents banks in Luxembourg with a unique challenge, distinct from any technological disruption they have encountered

The Great Banking Transition This report is a collaborative efort by Debopriyo Bhattacharyya, Miklos Dietz, Alexander Edlich, Reinhard Höll, Asheet Mehta, Brian Weintraub, and Eckart Discover the most important current and future retail banking trends for 2025. Explore strategic insights to stay competitive in a shifting landscape. FOREWORD As we enter 2024, the global economy remains sluggish. While record interest rate hikes punctuated the last 12 months, increasing the cost of money, inflation continues above

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