{"id":8865,"date":"2018-03-07T08:00:09","date_gmt":"2018-03-07T08:00:09","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=8865"},"modified":"2018-03-07T06:33:01","modified_gmt":"2018-03-07T06:33:01","slug":"experts-believe-retail-banking-will-move-completely-online-within-20-years","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/experts-believe-retail-banking-will-move-completely-online-within-20-years\/","title":{"rendered":"Experts believe retail banking will move completely online within 20 years"},"content":{"rendered":"<p>The results of a recent survey conducted in Russia show that a majority (75%) of independent experts and banking association members believe that all retail banking will move to the medium of online space within a period of 20 years, with 33% believing that this will happen within the next 5-10 years. The survey also found 63% of respondents believe that the growth of person-to-person (P2) transactions and the displacement of credit institutions from monetary circulation will significantly impact banking business in the future, with a further 12% holding that it will only have a slight impact. Furthermore, 83% believe that artificial intelligence with have an important role in the future of banking, while 17% believe it will only be moderately important.<\/p>\n<p>Interestingly, the survey was inconclusive on the fate of cryptocurrencies, with many respondents stating that strong volatility and problems with legalization in many countries leaves its future uncertain.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-8865 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='8 in 10 millennials ready to switch away from banks'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/8-in-10-millennials-ready-to-switch-away-from-banks\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/2335523-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13045\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13045'>\n\t\t\t\t8 in 10 millennials ready to switch away from banks\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor (24th March \u2014 2nd\u00a0April)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-24th-31st-march\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/04\/24b9f85b-1208-4607-add6-ecff88b4fb0e1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15941\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15941'>\n\t\t\t\tBFC FinTech Monitor (24th March \u2014 2nd\u00a0April)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='How Sberbank created a personal recommendation &#8220;Tips&#8221; service'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-sberbank-created-a-personal-recommendation-tips-service\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/12\/How-Sberbank-created-a-personal-recommendation-Tips-service-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-7577\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7577'>\n\t\t\t\tHow Sberbank created a personal recommendation &#8220;Tips&#8221; service\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The results of a recent survey conducted in Russia show that a majority (75%) of independent experts and banking association members believe that all retail banking will move to the medium of online space within a period of 20 years, with 33% believing that this will happen within the next 5-10 years. The survey also &hellip;<\/p>\n","protected":false},"author":5,"featured_media":8866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,12],"tags":[35,49],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8865"}],"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=8865"}],"version-history":[{"count":4,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8865\/revisions"}],"predecessor-version":[{"id":9014,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8865\/revisions\/9014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/8866"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=8865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=8865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=8865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}