At the 10th anniversary of the iPhone, Chairman of Pilatus Bank draws a stark comparison of the role technology has played in banking vs telecommunication
LONDON, Sept. 21, 2017 (GLOBE NEWSWIRE) -- Ali Sadr, Chairman of Pilatus Bank, believes that banks have failed to capture the true essence of technology for improving quality of service, as well as lacking the vision necessary to capture customers' imaginations. Meanwhile, other industries have been revolutionized and continue to thrive by the same technology.
America has in the last 10 years been forced to close 10,000 branches. Since 2008, Europe has lost close to 48,000 branches, which is more than 20% of its branch network. There is little doubt that branch banking is on the decline, and online banking is failing to provide a quality service. As we mark the 10th anniversary of the iPhone, Ali Sadr, Chairman of Pilatus Bank, gives a sobering count of the current state of affairs in the use of technology among well established banks, and elaborates on a vision that has the potential to become the largest revolution the banking industry is yet to experience.
Chairman Ali Sadr explains, "We are currently experiencing one of the biggest transformations in the history of banking, and technology has a lot to do with it." Barclays has recently announced closures of the very last branches in Rochford and Castle Cary. Several other towns have been warned of further closure plans. The most established banks are forcing their customers into online and mobile banking, call-centers, and robo-advisory. We are starting to see a major consequential shift in the way people are forced to manage their banking needs. Unfortunately, this trend has led to an increased distrust and frustration as the personalized service has been completely removed from the equation. Ali Sadr at Pilatus Bankexpands, "Once you take a branch out of a community, you deprive the customers of that personalized quality of service, and online banking is simply no replacement for those personal relationships which are at the core of providing personalized and high quality service."
The traditional bricks-and-mortar based banking models no longer work as people demand for banks to move with the time and reinvent themselves, but that should not be at the expense of customer care. Simply providing online banking with confusing drop down menus is not the problem solver. Speaking at Pilatus Bank, Ali Sadr adds, "Currently we are experiencing a major service quality gap in the market, which has created opportunities for a lot of fintech companies that are focused on customer service and user experience." He further adds, "The focus on technology in banking should be directed at strengthening the relationship between the customers and the bankers, as this is the only way for people to sincerely get a personalized and high-quality service."
Ali Sadr believes that Pilatus Bank is going to lead the way in exploring this service quality gap through its innovative technology and business model, one that is accessible and affordable. Chairman Ali Sadr concludes, "The Uber moment of banking is near, and we are at the forefront to serve that demand through our disruptive technology platform." Pilatus Bank is now set to bring the luxury of private banking to the mass-affluent through its Branch in London.
About Pilatus Bank
Pilatus Bank is a leading European bank that specialises in providing private and commercial banking services to high net-worth and affluent individuals. Pilatus Bank, located on 4 Old Park Lane, W1K 1QW in London, is mainly focused on offering its private banking services through its proprietary technology platform in order to make private banking more accessible and scalable. The Bank's simple and convenient solution has been a hallmark of transformation and quality of service. You can learn more by visiting the Pilatus Bank website.
+44 (0)330 3636360
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pilatus Bank PLC via Globenewswire
Om Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York
+1 212 401 8700http://www.nasdaqomx.com
NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.
Følg saker fra Nasdaq GlobeNewswire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Nasdaq GlobeNewswire
ELS Educational Services, Inc. Wins English Language School Award for Sixth Consecutive Year13.11.2018 23:20 | Pressemelding
ELS Educational Services, Inc. won the award for English Language School – USA at the UED Agency Awards of Turkey. This is the sixth consecutive year ELS has won the award. Princeton, New Jersey, Nov. 13, 2018 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE ELS Educational Services, Inc. won the award for English Language School – USA at the UED Agency Awards of Turkey. This is the sixth consecutive year ELS has won the award. The UED Agency Awards is the first competition of its kind that recognizes excellence among language schools and service providers in Turkey. Institutions are nominated then voted on by UED Member Agencies, who are the leaders of the international education consultancy sector in Turkey. “The ELS brand is stronger than ever in Turkey,” said Osman Akyuz, Director of Recruitment and Agent Support in Turkey. “We provide the best academic English in great locations and we have the most experienced instructors.” ELS was presented the award at a banquet at the Divan Otel / Ta
Doc re. GE Files Form 8-K13.11.2018 17:30 | Pressemelding
FAIRFIELD, Conn., Nov. 13, 2018 (GLOBE NEWSWIRE) -- Company General Electric Company ISIN US3696041033 Symbol London: GEC | Paris: GNE Headline Doc re: GE files Form 8-k November 13, 2018 On November 13, 2018, General Electric Company (the "Company") filed a Form 8-K with the U.S. Securities and Exchange Commission ("SEC"), which has been submitted to RNS. It is also available on the SEC's website at http://www.sec.gov and on the Company's website at https://www.ge.com/investor-relations/events-reports. http://www.rns-pdf.londonstockexchange.com/rns/2365H_1-2018-11-13.pdf CONTACT: GE Jennifer Erickson +001 646 682 5620 firstname.lastname@example.org This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact email@example.com or visi
CloudGenix Named a Finalist in the 2018 CRN® Tech Innovator Awards13.11.2018 17:00 | Pressemelding
Company’s AppFabric Recognized in the 2018 Enterprise Networking Category SAN JOSE, Calif., Nov. 13, 2018 (GLOBE NEWSWIRE) -- CloudGenix announced today that CRN , ® a brand of The Channel Company, has been recognized as a finalist in the 2018 CRN Tech Innovator Awards. These annual awards honor standout hardware, software, and services that are moving the IT industry forward. In compiling the 2018 Tech Innovator Award list, CRN editors evaluated 300 products across 34 technology categories using several criteria, including technological advancements, uniqueness of features and potential to help solution providers solve end users' IT challenges. CloudGenix’s AppFabric took top honors in the Enterprise Networking category. CloudGenix AppFabric is a revolutionary software-defined wide area networking (SD-WAN) platform that allows businesses to integrate cloud and SaaS applications, create a secure application-defined fabric across any WAN transport, reduce operational cost and complexity
Atico Reports Reserves of 119 Million Pounds of Copper at the El Roble Mine13.11.2018 15:51 | Pressemelding
VANCOUVER, British Columbia, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announce the release of an updated NI 43-101 mineral resource and reserve estimate for the El Roble Mine located in Colombia. El Roble is currently in production at a rate of 850tpd and production guidance for the year is 20 million pounds of copper along with 9,850 ounces of gold in 2018. For the first three quarters of 2018, El Roble has produced 16 million pounds of copper and 8,400 ounces of gold or over 80% and 85% of annual forecast production for copper and gold respectively. “Our infill and mine vicinity exploration drilling at El Roble mine has been successful in replenishing mined resources since 2013. The maiden resource study at El Roble mine of 1.5 million tonnes of inferred resource has grown to 1.8 million tonnes of measured and indicated resources, while also having mined over 1 million tonnes of high-grade ore during
New VANTIQ Pronto Drives Modern Event-Driven Systems13.11.2018 15:00 | Pressemelding
VANTIQ Pronto Dynamic Advanced Event Broker™ enables organizations with real-time business responsiveness across enterprise, cloud and edge events PONTE VEDRA BEACH, Fla., Nov. 13, 2018 (GLOBE NEWSWIRE) -- Today, at the nGage Enterprise Transformation Exchange Summit, VANTIQ announced VANTIQ Pronto, the industry’s first dynamic “Advanced Event Broker” (AEB). IT leaders from across the U.S. learned how Pronto is designed to deliver unique advantages for companies looking to power modern, event-driven applications with the real-time business responsiveness, intelligence and agility required for digital transformation initiatives. VANTIQ Pronto will be generally available to developers on November 30 at no charge for up to 2 million event messages in production per month. According to Gartner, “Application leaders engaged in digital transformation must include event-driven computing in their portfolio of skills and technology, including the key related responsibilities for event brokering
New PubMatic Research Reveals Mobile Header Bidding Volumes Nearly Double as the Technology Extends to In-app Environments13.11.2018 15:00 | Pressemelding
PubMatic releases Q3 2018 QMI report, highlighting key trends that impact mobile advertising growth REDWOOD CITY, Calif., Nov. 13, 2018 (GLOBE NEWSWIRE) -- PubMatic, the publisher-focused sell-side platform (SSP) for an open digital media future, today released its third Quarterly Mobile Index (QMI) of 2018. The report includes key insights around the growth in mobile app advertising, highlighting trends in mobile video, header bidding and the expansion of cross-channel monetization. The newly released findings will guide publishers and buyers toward smarter programmatic strategy and projected future mobile opportunities. Advertisers are expected to spend more than $180 billion on mobile advertising in 2019 (eMarketer) and so it is imperative to understand where the growth is taking place to plan accordingly. PubMatic’s Q3 2018 QMI Report reveals the top three trends to watch: Mobile Video Reached A Milestone - Advertiser interest is driving global mobile video ad spend growth, creatin
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom