What Traditional Private Banking Can Learn From Online Loyalty Programs
Vadym Kozak
December 23, 2020
Finance protecting, Private Banking Quo Vadis, World of Banking
No Comments
Traditional private banking is a money-rich industry with a huge history behind it. But that doesn’t mean that it can’t learn from newer, more innovative solutions – such as online loyalty programs. Today we take a look at four ways in which banks can learn from these upstart business arms.
Paper-based systems are a waste of resources
Paper mail? In 2020?! Yes, it still exists. And yes, traditional banks are still a proponent of this archaic system. While plenty of banks have opt-in for online-based statements, the default is often paper-based snail mail, and … Continue Reading