Our recent poll on views and opinions related to fintech compensation and innovation in the banking industry resulted in some interesting take-aways. This information may be useful as you evaluate your bank’s near- and long-term fintech strategy and make compensation-related decisions for the coming year.
Survey questions include:
- What do you believe will be the level of change in banking over the next three to five years?
- Do you feel your bank is currently at a disadvantage relative to innovation and/or fintech
- How is innovation supported or encouraged and rewarded at your bank?
- What is the most effective way to recognize innovation?
- Describe your bank’s approach to identification/evaluation of fintech offerings
- Where is your bank in the process of integrating fintech into the business?
- What is the barrier to implementing fintech in your bank?
- Which component of your bank’s business is currently most affected by fintech and what component of the industry will be most affected in the future?
