{"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='2019 SME banking innovations in Eastern Europe and Central Asia'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/2019-sme-banking-innovations-in-eastern-europe-and-central-asia\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/07\/d3cac96f-f596-45f9-871b-f7f6f3f1d6fb1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15129\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15129'>\n\t\t\t\t2019 SME banking innovations in Eastern Europe and Central Asia\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Sberbank offers online loan process to SMEs'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/sberbank-offers-online-loan-process-to-smes\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/closeup-of-business-woman-hand-typing-on-laptop-keyboard_1232-2750-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9888\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9888'>\n\t\t\t\tSberbank offers online loan process to SMEs\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: why future bank branches will look like Apple stores'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-why-future-bank-branches-will-look-like-apple-stores\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/Why-the-bank-of-the-future-will-look-like-an-Apple-store-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8906\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8906'>\n\t\t\t\tVideo: why future bank branches will look like Apple stores\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}]}}