{"id":8881,"date":"2018-03-07T08:00:18","date_gmt":"2018-03-07T08:00:18","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=8881"},"modified":"2018-03-12T07:54:24","modified_gmt":"2018-03-12T07:54:24","slug":"the-increasing-importance-of-digital-banking-in-the-asia-pacific-region","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/the-increasing-importance-of-digital-banking-in-the-asia-pacific-region\/","title":{"rendered":"The increasing importance of digital banking in the Asia\u2013Pacific region"},"content":{"rendered":"<p>Customer adoption of digital banking channels is growing steadily across the Asia\u2013Pacific region, making digitization increasingly important for driving new sales and reducing costs. A recent study identified three counter-intuitive findings that banks need to consider:<\/p>\n<ol>\n<li>Banks can (and should) excel in their digital offerings despite any actual or perceived limitations in the digital maturity of the markets they serve.<\/li>\n<li>Having a relatively small base of active users does not necessarily mean low traffic.<\/li>\n<li>There is wide variation in the performance of key metrics by country in the region.<\/li>\n<\/ol>\n<p>What this means for banks in emerging markets is that they have an opportunity to leapfrog to digital banking. Despite gaps in technology and smartphone penetration, a number of banks in emerging markets have been able to tap into consumer segments eager to adopt digital channels. These banks should prepare for rapid consumer adoption of digital channels. For banks in highly-developed markets, there is room to grow in terms of active user base and digital sales. In fact, banks in these markets that fail to adapt could face weaker market positions relative to those that do. In short, the digital revolution is here, and all banks should plan for this transition, especially by integrating diverse technology platforms, consolidating customer data across multiple channels and continuously analyzing customer behavior to identify real-time needs.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-8881 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Classic banking models no longer profitable'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/classic-banking-models-no-longer-profitable\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/46d76d4f-8fda-4abf-af71-5404b6fd4ad01-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15537\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15537'>\n\t\t\t\tClassic banking models no longer profitable\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Mobile banking trends 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\/mobile-banking-trends-in-eastern-europe-and-central-asia\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/Mobile-banking-trends-in-Eastern-Europe-and-Central-Asia-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-6780\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/Mobile-banking-trends-in-Eastern-Europe-and-Central-Asia-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/Mobile-banking-trends-in-Eastern-Europe-and-Central-Asia-100x100.jpg 100w\" 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-1-6780'>\n\t\t\t\tMobile banking trends in Eastern Europe and Central Asia\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Banks reviewing how consumers get perks from income cards'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banks-reviewing-how-consumers-get-perks-from-income-cards\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/09\/16384-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13632\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13632'>\n\t\t\t\tBanks reviewing how consumers get perks from income cards\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Customer adoption of digital banking channels is growing steadily across the Asia\u2013Pacific region, making digitization increasingly important for driving new sales and reducing costs. A recent study identified three counter-intuitive findings that banks need to consider: Banks can (and should) excel in their digital offerings despite any actual or perceived limitations in the digital maturity &hellip;<\/p>\n","protected":false},"author":5,"featured_media":9243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,10],"tags":[77,35],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8881"}],"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=8881"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8881\/revisions"}],"predecessor-version":[{"id":9006,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/8881\/revisions\/9006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/9243"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=8881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=8881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=8881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}