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Neobanks vs. Tradition: Why Execution, Not Tech, Sets Leaders Apart | Meniga’s Raj Soni and BCG’s Michal Panowicz
Raj Soni, Meniga and Michal Panowicz, BCG chat about how neobanks have changed the game when it comes to what people expect from digital banking. Michal shares his own experience with Revolut, where he opened an account and got both a credit and debit card in just two minutes. This kind of speed is a stark contrast to the slow processes that many traditional banks still have.
They point out that traditional banks are not just lagging in tech; they miss the mark on digital transformation overall. Even though they have loads of customer data, they haven’t figured out how to turn that into the personalized experiences today’s consumers want. Neobanks, while maybe not as well-funded, often provide a way better user experience.
Raj and Michal believe the problem isn’t about regulations or lack of money, or even being far from Silicon Valley. It’s really about execution, including how decisions are made, the talent they have, tech management, and keeping things in check internally. Banks need to rethink their governance and how they create and deliver digital products instead of just adding new features to old systems.
Interestingly, they note that the most digitally advanced banks aren’t in the US or the UK. Countries like Spain, Turkey, Poland, and India are taking the lead. In these places, banks have been quicker and more focused on modernization—they’ve adapted better without waiting for perfect conditions.
The takeaway for financial institutions is clear: to keep up with digital-first competitors, they need to do more than just upgrade their tech. They have to rethink their culture, governance, and delivery at all levels.
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Prosci: Mitigating Human-Side Friction: Deploying Research-Backed Change Management and Executive Coaching Rails
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Driving Sustainable Profit in Fintech with Torus, payabl., and Raiffeisen Bank International
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Eastnets: Navigating the New Era of Instant Payments and Global Fraud Prevention
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The Dual-Edged Sword of Artificial Intelligence: Structuring Governance Protocols for High-Velocity Financial Solutions
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AutoRek: Simplifying Real-Time Reconciliations and Data Integrity
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How Banks Can Maintain Core Stability While Driving Innovation
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Intimate Data Enrichment: Powering Hyper-Personalized Portals and Risk-Mitigated Lending Rails
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TradeStation Expands into Europe, Unlocking Full U.S. Trading Experience for Retail and Institutional Investors
TradeStation Group, Inc. (“TradeStation”) today announced the launch of TradeStation Europe B.V. (“TradeStation Europe”), a fully licensed MiFID Investment Firm in the European Union, regulated by the Dutch Authority for the Financial Markets (AFM) in the Netherlands, to operate as an investment services firm in Europe.
ING Hires Aled Patchett to Lead UK Sector Strategy
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Prosci: Mitigating Human-Side Friction: Deploying Research-Backed Change Management and Executive Coaching Rails
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MNP and Caseware Partner to Build the Future of Agentic Audit
Caseware, the leading AI platform for assurance and financial reporting, today announced, two major milestones with MNP, one of the largest professional services firms in Canada. MNP has selected Caseware to further its audit transformation, deploying Caseware’s full Cloud Engagement Solutions suite across its practice. Simultaneously, MNP has joined the Caseware Agentic Pioneer Program as a founding member — a strategic co-development partnership that will see MNP build and deploy firm-specific AI agents on Caseware’s governed AI platform. Together, these agreements mark a significant step in MNP’s evolution into a cloud-first, AI audit practice.
Driving Sustainable Profit in Fintech with Torus, payabl., and Raiffeisen Bank International
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Eastnets: Navigating the New Era of Instant Payments and Global Fraud Prevention
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The Dual-Edged Sword of Artificial Intelligence: Structuring Governance Protocols for High-Velocity Financial Solutions
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