The Banking Battleground

CCG Catalyst’s 2023 US Banking Study, called The Banking Battleground, presents insights from C-level bank executives. The study surveyed 122 executives, categorized as traditional or progressive, and focused on their perspectives in three key areas: business trends and priorities, technology and innovation, and new frontiers.

The report reveals that progressive banks prioritize integration with fintechs, while traditional banks are more customer-centric. Both groups feel less technologically prepared compared to last year. The study also explores emerging areas like open banking, Banking-as-a-Service, cryptocurrency, cannabis banking, and sustainability. It’s important to note that the findings are directional and not prescriptive, as each bank will apply them based on their own strategy. Source:

Loquat is a banking-as-a-service platform, which allows FIs to open small business checking account, get a virtual card and secure a loan within minutes.

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