Summary
The twenty-fourth Meeting of Minds Bank and Brand Distribution of Retail Financial Services took place on 4 October 2018 at The Berkeley Hotel in Knightsbridge, London. This document summarises key issues raised in the topics discussed during the roundtables that took place on the day.
A Meeting of Minds Bank and Brand Distribution of Retail Financial Services is a strategic forum organised by Owen James. It is an opportunity for 70 senior level decision makers from the largest high street banks, building societies, affinity groups, product and service providers and industry experts to meet in a neutral environment where they can examine industry issues and opportunities and develop business strategies to address them.
Participants enjoy access to strategic insight, active involvement in shaping the industry and networking at the highest level.
At the core of these Meetings is a series of boardroom style sessions addressing a pre-researched and pre-agreed agenda, with open discussion led by objective and professional moderators. External speakers spark debate and encourage fresh and original thinking.
To find out more about taking part, please contact John Hall at Owen James: johnhall@owenjamesgroup.com or you can contact him at 01483 861334.
This Report
The Roundtable Sessions were moderated by:
- James Alexander – Accenture
- Lucile Knight – Clarasys
- Moira Clark – Henley Business Centre
- Rod Bryson – CapGemini Consulting
- Roderic Rennison – Rennison Consulting
- Sarah Collinson – AllClear Insurance Services
- Nabeel Irshad – Metro Bank
We are very grateful for the time and energy they have expended on making A Meeting of Minds Bank and Brand Distribution of Retail Financial Services a success and hope you will consider this report an interesting, thought-provoking and accessible read. As ever your feedback is much appreciated.
We would also like to thank the independent experts who were part of the sessions for sharing their knowledge and giving us their time and energy both in the run up and on the day.
The Sponsors
We would like to thank all our sponsors, without whom the event would not have been possible. The following groups took part in the Meeting and their motivation for taking part is threefold:
- To be, and to be seen as being supportive of the industry
- To understand the stresses and strains being placed on the industry and, where possible, respond to them
- To talk openly with these business leaders with a view to ensuring that their businesses are strategical.
The Findings
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Achieving Digital Intimacy to Create Devoted Customers and Advocates For Your Business
Three things are key – trust, personalisation and culture
A Meeting of Minds Bank and Brand Distribution of Retail Financial Services - October 2018
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Delivering Financial Wellbeing to the UK
Auto-enrolment has been a huge success and is a very good thing. Collectively, we should give ourselves a pat on the back for this: 9m individuals enrolled, and 90% of them have stayed with it
A Meeting of Minds Bank and Brand Distribution of Retail Financial Services - October 2018
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Disrupt or be disrupted. Attempts to create new, viable business models for the digital age will flounder unless people and organisations are willing
In financial services we are at the precipice of possibly the biggest revolution with the potential that open banking brings. No longer do the incumbents hold all the cards - figuratively and literally - you either embrace the change or deal with the consequences.
A Meeting of Minds Bank and Brand Distribution of Retail Financial Services - October 2018
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How do you acquire new clients? Give them free tickets to the cinema or farm their data?
Really understand what your customers want and segment them to be more personalised
A Meeting of Minds Bank and Brand Distribution of Retail Financial Services - October 2018
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Me, Me, Me!!! Branding – personal and corporate. Managing your reputation
For successful organisations, branding starts with the staff and getting their engagement, and that then provides the platform to drive everything else
A Meeting of Minds Bank and Brand Distribution of Retail Financial Services - October 2018