num_pages: 240
description: Technology is permanently transforming the banking industry and digital payments are the key Electronic Payments Mobile Commerce and Virtual A Guide to Innovation Partnering and Regulation takes a hands-on approach to competing in the modern banking environment. Former PayPal Head of Financial Innovation Dan Schatt explores the reasons behind the massive consumer migration away from traditional banks and provides clear actionable guidance on beating new banking models at their own game. Digital payment is the hottest topic in banking today and is set to define the future of the industry. Consumers are rapidly abandoning traditional banks in favor of institutions that are lower-cost and more consumer-centric. Between the pace of financial regulatory reform and the cloud computing revolution the old banking model is on the fast track to extinction. Electronic Payments Mobile Commerce and Virtual Banking provides the information banks need to compete in this new environment and details the integral implementation actions that will allow them to thrive. The book discusses real-world innovations from banks non-banks and up and comers and the heavy competition from the new outsource bank model. Topics Case studies including PayPal Google Square Facebook Twitter and more illustrate acceleration of innovation through banking partnerships as well as the mechanics behind banking's biggest scariest threats. The trick to surviving the paradigm shift is to embody innovation while providing a superior customer proposition. Electronic Payments Mobile Commerce and Virtual A Guide to Innovation Partnering and Regulation provides the inside track on managing the shift and dominating the new marketplace.
language: English
title: Virtual Banking: A Guide to Innovation and Partnering
publisher: Wiley