How to make money and diversify your revenues in a zero interest rate economy.
This week Sam Woods (Deputy Governor and CEO, Prudential Regulation Authority) published a letter to chief executive officers to request information about firms’ operational readiness to implement a zero or negative Bank Rate.
The letter from the Bank of England states:
For a negative Bank Rate to be effective as a policy tool, the financial sector – as the key transmission mechanism of monetary policy – would need to be operationally ready to implement it in a way that does not adversely affect the safety and soundness of firms.
Sam Woods, Deputy Governor and CEO, Prudential Regulation Authority
As well as being ‘operationally ready’ firms need to consider how they will make money in a zero interest rate economy.
Join Manifesto Growth Architects for the launch of ‘The New Economics of Banking – How to make money and diversify your revenues in a zero interest rate economy‘.
Manifesto believe banks are facing an existential choice – will they rebalance the trust equation with their retail customers and rebuild their relationships and customer engagement or will they slide into being infrastructure and utility providers that serve other companies with better customer-centric capabilities?
Manifesto examine what commercial leaders have to do; what the real burning platform is; and outline what the five key requirements are:
- Rebuilding the trust equation
- Harnessing first and third party data
- Designing and delivering experiences to increase customer engagement
- Pivoting to service led propositions that grow recurring revenues
- Implementing metrics that deliver success
Manifesto ask, how do these businesses really make money, and what are the big pitfalls to avoid?
Join Manifesto on Zoom – October 20th, 2 pm GMT / 9 am EST for the launch of their report ‘The New Economics of Banking – How to make money and diversify your revenues in a zero interest rate economy‘.
The webinar is hosted by Manifesto’s Jo Levesque with panellists including Director of Change, Data & Analytics of Nationwide, David Leon and Fintech & Innovation Advisor Alexa Fernandez.
For more information and to register click here: Manifesto Webinar: The New Economics of Banking – How to make money and diversify your revenues in a zero interest rate economy’.
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