{"id":8859,"date":"2018-03-07T08:00:35","date_gmt":"2018-03-07T08:00:35","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=8859"},"modified":"2018-03-07T06:31:27","modified_gmt":"2018-03-07T06:31:27","slug":"how-generations-y-and-z-are-changing-how-banks-operate","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/how-generations-y-and-z-are-changing-how-banks-operate\/","title":{"rendered":"How generations Y and Z are changing how banks operate"},"content":{"rendered":"<p>The rise of generations Y and Z (as known as millennials and homelanders respectively) is changing how banks operate and will operate in the future. Generation Y is currently changing the game:<\/p>\n<ol>\n<li>Banking including in everyday services, making purchasing easier<\/li>\n<li>Integrated approaches and real-time interactions<\/li>\n<li>Changing the focus from products to service<\/li>\n<li>Banking convenience measured by usefulness of applications<\/li>\n<li>Having \u201cpersonal\u201d relationships with banks, not just making transactions<\/li>\n<\/ol>\n<p>While banks are addressing the needs of generation Y, generation Z is already starting to become active in banking, having influences of their own:<\/p>\n<ol>\n<li>New creative ways of engagement (e.g. pictures, games)<\/li>\n<li>Artificial intelligence to support customers<\/li>\n<li>Financial services provided through social networks<\/li>\n<li>Increased purchases via mobile devices<\/li>\n<li>Reimaged bank branches<\/li>\n<li>Increased financial service competition from big-name brands (e.g. Google, Amazon Apple)<\/li>\n<\/ol>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-8859 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Poland\u2019s Alior Bank adopts \u2018Digital Disruptor\u2019 strategy through 2020'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/polands-alior-bank-adopts-digital-disruptor-strategy-through-2020\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/doodle-business-charts-infographics-elements_1284-3704-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8576\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/doodle-business-charts-infographics-elements_1284-3704-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/doodle-business-charts-infographics-elements_1284-3704-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/doodle-business-charts-infographics-elements_1284-3704.jpg 626w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8576'>\n\t\t\t\tPoland\u2019s Alior Bank adopts \u2018Digital Disruptor\u2019 strategy through 2020\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Big data could provide the solution to cyber-attacks'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/big-data-could-provide-the-solution-to-cyber-attacks\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/10\/big-data-could-provide-the-solution-to-cyber-attacks-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11214\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11214'>\n\t\t\t\tBig data could provide the solution to cyber-attacks\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Digitalization levels in Kazakhstani financial institutions extremely low'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/digitalization-levels-in-kazakhstani-financial-institutions-extremely-low\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/12\/digitalization-levels-in-kazakhstani-financial-institutions-extremely-low-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14203\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14203'>\n\t\t\t\tDigitalization levels in Kazakhstani financial institutions extremely low\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The rise of generations Y and Z (as known as millennials and homelanders respectively) is changing how banks operate and will operate in the future. Generation Y is currently changing the game: Banking including in everyday services, making purchasing easier Integrated approaches and real-time interactions Changing the focus from products to service Banking convenience measured &hellip;<\/p>\n","protected":false},"author":5,"featured_media":8860,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[77,35,49],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8859"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=8859"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8859\/revisions"}],"predecessor-version":[{"id":9018,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8859\/revisions\/9018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/8860"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=8859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=8859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=8859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}