Virtual Banking

A Guide to Innovation and Partnering
Narrated by: Steven Menasche
Length: 9 hrs and 5 mins
4 out of 5 stars (20 ratings)

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Publisher's Summary

Technology is permanently transforming the banking industry, and digital payments are the key. Virtual Banking: A Guide to Innovation and Partnering takes a hands-on approach to competing in the modern banking environment. Former PayPal head of financial innovation Dan Schatt explores the reasons behind the massive consumer migration away from traditional banks and provides clear, actionable guidance on beating new banking models at their own game. Digital payment is the hottest topic in banking today and is set to define the future of the industry.

Consumers are rapidly abandoning traditional banks in favor of institutions that are lower-cost and more consumer-centric. Between the pace of financial regulatory reform and the cloud-computing revolution, the old banking model is on the fast track to extinction. Virtual Banking provides the information banks need to compete in this new environment,and details the integral implementation actions that will allow them to thrive. The audiobook discusses real-world innovations from banks, nonbanks, and up-and-comers and the heavy competition from the new outsource bank model. Topics include:

    The changing POS landscape and the need for digital-wallet partnerships
  • Shifting gears to greenfield market opportunities versus nonprofitable markets
  • Digital channel best practices for superior customer experience
  • When to outsource and what capabilities to truly own
  • Case studies including PayPal, Google, Square, Facebook, Twitter, and more illustrate acceleration of innovation through banking partnerships as well as the mechanics behind banking's biggest, scariest threats.

The trick to surviving the paradigm shift is to embody innovation while providing a superior customer proposition.

©2014 Dan Schatt (P)2015 Audible Inc.

What listeners say about Virtual Banking

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  • Overall
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    4 out of 5 stars

Very Informative.

Provided guidance, structure, with great examples of best practices to follow and successfully compete in the market sector .

1 person found this helpful

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nice story with a lot of insights

A lot of insigjts, worth listening again. The only problem is that some points are not.covered in detail.

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very good and diverse information

A excellent read for those in banking looking at the changes that we need to embrace.