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Emotional Banking

Fixing Culture, Leveraging FinTech, and Transforming Retail Banks into Brands

Authors: Blomstrom, Duena

  • Develops a unique concept (“Emotional Banking”) that speaks to the core of what is broken in banking today
  • Showcases a series of real-life examples of brands that have achieved success as case studies
  • Features interviews with bankers, commentators, and founders of FinTech
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Buy this book

eBook £21.99
price for United Kingdom (gross)
  • ISBN 978-3-319-75653-0
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £27.99
price for United Kingdom (gross)
  • ISBN 978-3-319-75652-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Banking is under threat. Despite access to fast-paced technology known as FinTech, an antiquated business model and internal organizational paralysis do not allow for the creation of a truly beloved brand and are stifling change. To survive and thrive when their competition is catching up, banks must understand the principles behind Emotional Banking—a cultural change concept that brings the consumer to the center of rethinking banking products and delivery.

This book starts with a history of the space then moves into an overview of what FinTech is. After discussing the state of banking today including stories from the biggest names in the industry, the concept of Emotional Banking and Brand are introduced as an answer to the problems outlined above. It concludes with examples of best practices and a hands-on approach on how to change the inertia, become a brand and make customers fall in love with their bank.

Some of the questions this book tackles include:

  • ·         Why don’t banks “care”?
  • ·         How many banks will survive?
  • ·         What is FinTech and why does it matter?
  • ·         Can Banks become beloved brands and find their way to the consumer’s heart?
  • ·         Why is there a disconnect between what we say and what we do in the industry?
  • ·         Is inertia in banking a result of broken internal culture?
  • ·         Which big brand or challenger will be at the top in 5 years?

About the authors

Duena Blomstrom is a well-respected thought leader in FinTech with a large Twitter and LinkedIn following, an independent digital banking and CX consultant, an entrepreneur and angel investor, a mentor to startups, a blogger with cutting edge opinion style named as one of LinkedIn’s Top Voices, a public speaker at industry events and the inventor of the Emotional Banking and EX concepts. With a background in Psychology as well as Business, she is intensely passionate about getting banks to think of the concept of “Emotional Banking” or how to stop thinking feature set and start thinking customer’s feelings. She is working with corporations on deep cultural change programs that enable them to become truly Human Design-led organisations and put experience at the heart of the organisation to build strong brands.

Table of contents (12 chapters)

  • The Relationship Between Financial Services and Technology

    Blomstrom, Duena

    Pages 3-16

  • FinTech—Trends, Players, Challengers, and Bubbles

    Blomstrom, Duena

    Pages 17-30

  • Products vs. Money Moments

    Blomstrom, Duena

    Pages 31-45

  • Let’s Get Real—Anecdotes from FinTech Titans Experiencing Banking Products

    Blomstrom, Duena

    Pages 47-67

  • What Is Emotional Banking

    Blomstrom, Duena

    Pages 71-83

Buy this book

eBook £21.99
price for United Kingdom (gross)
  • ISBN 978-3-319-75653-0
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £27.99
price for United Kingdom (gross)
  • ISBN 978-3-319-75652-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Emotional Banking
Book Subtitle
Fixing Culture, Leveraging FinTech, and Transforming Retail Banks into Brands
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-75653-0
DOI
10.1007/978-3-319-75653-0
Hardcover ISBN
978-3-319-75652-3
Edition Number
1
Number of Pages
IX, 159
Number of Illustrations
6 b/w illustrations
Topics