Banking

Banks face many challenges: declining customer loyalty, an emergent fintech class, and commerce platforms that continue to inch toward providing financial services. Read our insights on how the banking industry is changing and how banks can transform and thrive amid unprecedented disruption.

Insights

Blog

Banks Need Modern Identity Verification Solutions To Stay Competitive And Resilient In The AI Era

Meng Liu April 11, 2025
There is a growing need for more secure identity verification in the financial services industry due to the rise of sophisticated fraud tactics and increasingly complex regulatory requirements. Learn the four key challenges that financial services firms face in this preview of a new report.
Blog

Financial Firms Offer Laid-Off Government Employees A Chance To … Spend More Money?!

Rick Parrish March 31, 2025
At a time of high volatility, financial services brands should focus on removing customer stress and offering benefits, not finding ways to sell more to struggling customers. Get four tips on how to do that in this post.
Blog

How Banks Can Win At CX: Lessons From The Front Lines

Oliwia Berdak March 17, 2025
Customer experience quality in banking is falling on average, but there are banking brands globally that buck this trend, outshining competitors and continuing to improve their CX performance.
Blog

Great Digital Banking Experiences Create A Data-For-Value Flywheel

Peter Wannemacher February 4, 2025
Driving engagement is top of mind for most digital banking leaders. Forrester’s research reveals the immense value — for both customers and banks — of useful, convenient digital banking experiences. The right mobile banking offerings, for example, can unlock new value for a customer and differentiate a bank’s brand. And our broader customer experience research […]
Blog

Navigating Economic Waters: The New US Administration’s Spending Scenarios And Global Impact

Michael O'Grady January 24, 2025
With a new US administration coming in, there is always economic uncertainty. Learn some of the factors that could be strong influencers of future US economic growth and how they could impact other global markets.
Blog

A Quick And Dirty Guide To Cryptocurrencies, Stablecoins, And CBDCs

Martha Bennett January 15, 2025
With a more crypto-friendly administration preparing to take office, we break down the key terms associated with cryptoassets.
Blog

2025: The Digital Banking Landscape Is Poised For Another Transformative Year

Aurelie L'Hostis January 14, 2025
Leading banks are leveraging mature and emerging technologies, customer insights, and data to enhance customer experience, increase customer engagement, and drive business growth.
Blog

A Run On The Bank: Lack Of Headline Failures Hasn’t Changed Consumer Attitudes

David Hoffman December 12, 2024
When Silicon Valley, Signature and First Republic failed last year four out of five US online consumers knew about it. This year, bank failures have been less visible. Find out why and what to expect in the future.
Blog

Introducing The Forrester Wave™: Digital Banking Processing Platforms, Q4 2024

Huard Smith December 4, 2024
The Forrester Wave™: Digital Banking Processing Platforms, Q4 2024, evaluates the top DBPPs driving digital transformation in banking. Successful digital transformation involves more than just impressive front-end applications — it requires overhauling a complex web of technology infrastructure and tightly coupled systems.
Blog

Is Your Bank Ready For What’s Next In Mobile?

Peter Wannemacher December 4, 2024
Our newly published research into people’s mobile banking needs, expectations, and behaviors surfaced 10 emerging must-have features and 10 emerging differentiators in mobile banking experiences.
Blog

In North America, Mobile Banking Apps Are Sufficient But Undifferentiated

Peter Wannemacher October 31, 2024
Get five key takeaways from Forrester's recent review of mobile banking apps in North America in this preview of a new report.
Blog

Predictions 2025: Banks Must Innovate To Reverse The Double Whammy Of Declining CX And Profitability

Alyson Clarke October 23, 2024
Banks need to get ready for a major challenge in 2025: a simultaneous decline in customer experience and worsening profitability. But fear not, because there is a solution to this double whammy: innovation.
Blog

“Nothing’s Gonna Touch You In These Golden Years”? Only Half Of Americans Know How To Save For Retirement

Vijay Raghavan October 3, 2024
David Bowie’s classic song “Golden Years” tells us to “look at that sky, life’s begun.” But retirement’s “golden years” are looking less golden for Americans. Forrester data indicates that many Americans are willing to work past the age of retirement or even work a part-time job in retirement to supplement their income.
Blog

The Future Of Banking: By 2030, Banking Will Be Invisible, Connected, Insights-Driven, And Purposeful

Alyson Clarke September 30, 2024
In the rapidly evolving financial landscape, banks are facing challenges that require them to adapt and innovate. But amidst all these changes, the importance of trust remains constant. Trust is the foundation upon which successful banking relationships are built, and it will continue to be a crucial factor in shaping the future of the industry. […]
Blog

Reshaping Banking In The Age Of AI: Embracing Trust, Innovation, And Customer Obsession

Alyson Clarke September 30, 2024
Once again, the banking industry is on the cusp of transformative changes. AI and generative AI (genAI) technologies have the potential to enhance customer relationships, deliver personalized digital experiences, augment customer service, and combat fraud. But they also have the potential to shift the mindset of banking from a product-centric to a relationship-centric approach and […]
Blog

Unlocking The Future Of Mobile Banking: Insights From Forrester’s 2024 European Digital Experience Review™

Aurelie L'Hostis September 12, 2024
Read this report to understand where European banks’ mobile banking apps excel, where they fall short, and how to strengthen your own apps.
Blog

What’s New In Australian Mobile Banking In 2024

Zhi Ying Barry September 11, 2024
To gauge the ease and effectiveness of mobile banking experiences, Forrester evaluated the smartphone apps of the “big four” Australian banks.
Blog

European Banks See A Drop In CX Quality, Mirroring Global Trends

Oliwia Berdak September 4, 2024
In 2024, European banks joined other regions and industries to see a significant drop — a worrying sign with grave business implications.
Blog

Fraud Management In APAC: What’s New In 2024?

Meng Liu August 29, 2024
The fraud attack rate in APAC is above the global average. Find out why in this preview of a new report on the latest trends in fraud management, including evolving fraud patterns and technology adoption trends in APAC.
Blog

The Singapore CX Index Rankings, 2024

Tom Mouhsian August 19, 2024
Singapore’s Financial Service Industry Customers Rate Their Experiences As Just “OK” In 2024 Forrester has been evaluating the quality of customer experience (CX) at leading financial service providers in Singapore since 2018. This year, we’ve expanded the coverage of our Customer Experience Index (CX Index™) beyond retail banking and auto and home insurance to include […]
More posts