Fintech Disruption in Banking - Riders are on the Storm
How fintechs and bigtechs are growing through innovation and how FIs must follow suit
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How fintechs and bigtechs are growing through innovation and how FIs must follow suit
Download
Active Users by BNPL company (in Millions)
The number of credit cards has declined in Australia since 2016-17, with consumers pivoting towards BNPL services
Easy, smooth and elegant
Millennials will experience rapid growth in their share of wealth to nearly 16% by 2030,
but their per capita wealth will trail that of older generations. Firms will
therefore need differentiated services to serve Millennials
profitably.
Gen Z now controls $45 Billion in annual spending, and
the oldest Gen Z customers are nearing 24. The group numbers nearly 60 Million
in the U.S.
Gen Z members over the next decade will “grow up
to be the most demanding consumer the world has ever
known”
Fintechs are rolling out new apps and tools with the
Gen Z user in mind, to help them build credit histories while still in
college, and allow them to earn savings rewards for completing household chores.
Outdated to serve digital needs
Restrain product delivery and innovation
Impacts scalability & resilience
Inability to seamlessly integrate partners and build ecosystems
Pressure on NII, with need to increase fee based income
Flat yield with high operating costs
Pressure on NII, with need to increase fee based income
Optionally digital to optionally physical
Product factory of services, mapped to life journey, delivered with high frequency
Status quo is insufficient - must leapfrog neo and challenger banks
Control all aspects of your business by controlling all points of integration and using a single stack
Build to allow rapid change and deployment of new products & features. This allows for quick iterations and product feature releases
Decompose technology tasks to their basic form instead of using monoliths. Use a micro-services led approach to allow quick composition of new products
Embrace cloud based technology to allow for rapid scaling on demand
Billions of dollars have been spent on M&A + stack upgrades - too risky & too slow
Zeta enables you to launch innovative financial products that can compete & win in a crowded
marketplace.
With Zeta's Omni Stack solution for FIs , you can launch new financial
products within 90 days. What sets Zeta apart is its single modern stack consisting of core
banking, credit and debit processing, loans and deposits with 100% API coverage and modern
interfaces.
Launch new products in < 90 days and new features in days
Provide modern, neobank-like experiences with a fully private-labeled & customizable mobile app
More customer retention, higher engagement, and contextual cross-sell for real gains in revenue
Eliminate complex multi-vendor integrations and leverage simplified pay-as-you-go billing
Launch new programs in parallel with your existing legacy systems with zero
overlap
100% API coverage and extensive SDK support - built for you and your
partners
Elastically handle peaks and troughs in volume with our cloud-native,
loosely-coupled, microservices architecture
Configure products, support customers, launch promos, build dashboards and manage all your banking operations in one place
Zeta is a modern banking tech company providing a bank-in-a-box solution to financial
institutions around the globe. Co-founded in April 2015 by Bhavin Turakhia and Ramki Gaddipati,
the company has 800+ employees and is headquartered in San Francisco, USA with offices across
UK, Middle East, and Asia.
To know more about Zeta, log on to www.zeta.tech or follow us on Twitter, Facebook and Linkedin.
