Banking Transformed Podcasts

Banking Transformed Updated Cover ArtAre you prepared to embrace change, take risks and disrupt yourself in response to the digital disruption in banking? Hosted by top 5 banking and fintech influencer, Jim Marous, the Banking Transformed podcast highlights the major leadership and cultural challenges facing the banking industry today. Featuring interviews with some of the best minds in business worldwide, this Top 10 Podcast in Banking explores the impact of digital disruption on the industry’s future.

Why Digital Transformations Fail

FEATURING: Tony Saldanha, President of Transformant & former VP, Global Business Services for Procter & Gamble.
February 18, 2020

Digital transformations have an exceeding high failure rate despite being one of the most important components of a firm’s long-term survival. Digital transformation requires must more than just a flashy mobile app or new technology.

To understand the dynamics of how to succeed with digital transformation, we are joined by Tony Saldanha, previous head of operations and digital transformation at Proctor and Gamble and currently the president of Transformant, a Cincinnati-based consulting firm focused on digital transformation.

As the author of the book, ‘Why Digital Transformations Fail‘, Tony shares his 5-stage framework that any company can follow to successfully navigate its own digital transformation. Tony discusses why the ultimate proof of an organization’s success at digital transformation is its cultural, not technical rewiring.


Cultivating a Disruption Mindset

FEATURING: Charlene Li, Founder and Senior Fellow at Altimeter and Author of The Disruption Mindset
February 11, 2020

We have often discussed the correlation between innovation and digital transformation, and the positive impact on consumer satisfaction, investment in advanced technology, the presence of top management support and the positive impact on revenues. But, while technology may enable the disruption required, it is often the application of existing technology in new ways that disrupts an industry. In addition, it is those firms that build a business around ‘future customers’ that are best positioned for growth.

We are very fortunate to have Charlene Li on the Banking Transformed show. Charlene is the founder and senior fellow at Altimeter, a Prophet company. She is the author of six books, including the New York Times bestseller ‘Open Leadership‘, and co-author of the book ‘Goundswell‘. Her latest book, ‘The Disruption Mindset‘ is the culmination of years of research and experiences in the field helping leaders and organizations transform.

On this episode, you will learn the secret of successful disruption, the importance of deep-dive research, the qualities of a disruptive leader, how to change existing cultures and where to start.


China: Emergence of a Tech and Innovation Superpower

FEATURING: Brett King, Bestselling author, radio host and founder of Moven
February 4, 2020

For part two of the discussion on my tour of China, I look into the debate about what region or city is the fintech capital of the world. Is the fintech capital London, New York, the Silicon Valley or elsewhere? Should the title go to the city with the most players, the greatest fintech investment or the largest number of users of challenger bank or bank challenger services?

My perspective on a possible candidate for the fintech capital definitely changed when I visited Shenzhen China recently. From the advancement of smart city technologies, to the deployment and use of digital technologies for payments, energy management, operational efficiency and even daily tasks like shopping and eating out, I have never experienced so many modern advancements than during my short week in China.

I am joined today by Brett King, author of many best selling books on the future of banking and the host of the number one fintech podcast, Breaking Banks. Brett and the president of Provoke Management, Jay Kemp, joined me for a VIP tour of Huawei Technologies. With a history steeped in manufacturing, Huawei now is the hub of new technologies that impact every Chinese citizen, from the phones they use to the services they use. They also are an example of how the combination of data, advanced analytics, digital technologies and a culture of innovation and R&D can propel a company into the future.


The Chinese Fintech Revolution

FEATURING: Matt Dooley and David Wallace
January 28, 2020

China is quickly becoming home to the largest fintech ecosystem in the world, benefiting from historically low use of traditional banking, high smartphone penetration, a changing demographic and a consumer acceptance of banking without traditional infrastructure. Dominated by giants like Baidu, Ant, PingAn and Tencent, combined with many highly successful start-ups like WeLab, the success in delivering both personalized financial services and an impressive level of financial inclusion is a model for the rest of the world.

This is not a story of disruption of legacy banking as much as a story of filling a previously unmet need for advanced financial services supported by smartphones.

To discuss how fintech firms have benefited from open access to data, and how the Chinese consumer benefits from value added services not available to most in the world, I am joined by my friend, Matt Dooley, founding board member of the Fintech Association of Hong Kong and founder of Connected Thinking Ltd. who guided a tour of Shenzhen for myself and the former global CEO of HeathWallace, Dave Wallace.


State of Digital Banking Transformation

FEATURING: Alan Trefler, Founder and CEO of Pega
January 21, 2020

The Digital Banking Report has just released a report on digital transformation in the banking industry entitled, The State of Digital Banking Transformation. This research, sponsored by Pega, not only looks at the digital transformation maturity of banking today, but also the components of digital transformation leader organizations.

The research found that there is still more hype than reality when we look at the progress of digital transformation in banking. While the focus in on improving the customer experience, few organizations have leveraged intelligent technologies to deliver on this mission.

To discuss this research report and the implications of the findings, I am joined by Alan Trefler, Founder and CEO of Pega. Alan not only provides his perspective on where the industry is from a technology perspective, but also discusses the challenges of embracing new business models, finding the right talent, changing internal cultures and creating customer engagement.


The Technology Fallacy

FEATURING: Gerald (Jerry) Kane, visiting scholar at the Harvard Business School and professor at the Boston College Carroll School of Management
January 14, 2020

Digital technologies are disrupting organizations of all sizes, leaving leadership scrambling to find the right technologies to keep pace with market demands. Unfortunately, simply buying the best or newest technology will not create digital transformation success by itself.

Beyond technology, it is imperative to implement the right organizational changes that can harness the power of the new technologies. In other words, digital disruption is primarily about people, organizational dynamics and culture.

Today’s podcast features Gerald (Jerry) Kane from Boston College. Jerry is one of the 4 authors of the exceptional book, ‘The Technology Fallacy’. This book draws on 4 years of research between MIT Sloan Management Review and Deloitte that surveyed 16,000 people and included interviews with companies like Walmart, Google, Salesforce and several other top brands.

Kane emphasizes that every organization needs to understand its “digital DNA” in order to stop “doing digital” and start “being digital.” He proposes that the best way to respond to digital disruption is by changing the company culture to be more agile, risk tolerant, and experimental.


Banking Distribution Strategies for the Next Decade

FEATURING: Kevin Travis, Executive Vice President of Novantas
January 7, 2020

Should an existing financial services organization attempt to transform their current institution into a more agile, responsive organization with a completely new digital foundation, or should banks and credit unions consider building an entirely new organization outside the parent company?

The ability to compete in the future will require new systems, new processes and a new culture. One option is to build a successor bank that would be a network of only a few branches or a completely branchless offering separate from the legacy organization. Even if a bank or credit union decides to ‘stay the course’, the future will require differentiation defined by customer experience and innovative offerings similar to what is being offered by fintech and big tech organizations.

To get a perspective on the need to disrupt current distribution paradigms, I interviewed Kevin Travis, EVP of Novantas’ financial services consultancy. Kevin discusses distribution alternatives for the financial services industry and the cost of inaction by the industry.


How to Win Tomorrow’s Digital Consumer

FEATURING: Blake Morgan, Keynote Speaker, Bestselling Author and Futurist
December 31, 2019

Consumers insist on experiences that are personalized, friction-free and that make their lives easier. It’s no longer enough for organizations to state they are making improved customer experiences a priority. The consumer needs to feel that the companies they buy from know them, look out for them and are willing to reward them.

To get a perspective on how advanced technologies are impacting customer experience strategies, I am fortunate to be joined by Blake Morgan, author of the new book, “The Customer of the Future”. Blake is considered one of the leading authorities on the changes occurring in the world of customer experience. She has worked with some of the most prominent global brands and is a contributor to Forbes and the Harvard Business Review. She is also the host of the podcast, The Modern Customer.


Biggest Fintech Winners of 2019

FEATURING: Ron Shevlin, Director of Research at Cornerstone Advisors
December 24, 2019

Automation and digital technology aimed at improving financial services continues to impact the banking ecosystem. From mobile payments to digital lending and budgeting services, fintech and big tech providers are revolutionizing how consumers and businesses handle manage their financial relationships.

To get a perspective on the past and future of fintech applications and their impact on traditional banking, I am joined today by my very good friend, Ron Shevlin. Ron is not only one of the foremost authorities on what is happening in the banking industry, he is also a personal mentor and one of the people who was most responsible for my professional transformation a decade ago.

Ron is the Managing Director of Fintech Research at Cornerstone Advisors, author of the book Smarter Bank and senior contributor on Forbes with his weekly Fintech Snark Tank articles. Ron is ranked among the top fintech influencers globally, and is a frequent keynote speaker at banking and fintech industry events.


The Future of Fintech Investments

FEATURING: Dan Rosen, Founder and DEO of Commerce Ventures
December 17, 2019

After a record-breaking 2018, fintech investment activity continues strong in 2019, as new start-ups take aim at traditional banks and credit unions that are slow to update back offices, change outdated business models, embrace advanced analytics and keep up with consumer expectations.

For a perspective on the changing fintech investment marketplace, we are joined by Dan Rosen, Founder and General Partner of Commerce Ventures, a VC firm focused on fintech, payments and commerce ecosystems. We discuss the continued growth in funding by venture capital investors, private equity firms and even traditional banks interested in the newest technologies in payments, banking and wealth management.


The Importance of Customer Success Management

FEATURING: Janine Sneed, Chief Digital Officer, VP of Customer Success IBM
December 10, 2019

Buying the right technology solution is only the beginning of the digital transformation journey. Organizations need onboarding support from solution providers to ensure the intended benefits of new technologies are realized. This entails looking beyond the technology, to include the vast human and cultural aspects of digital transformation.

In this episode, we discuss how businesses can optimize the outcomes of their digital initiatives with the support of a customer success management process. For a perspective on customer success strategies, I’m joined by Janine Sneed, Chief Digital Officer and VP of Customer Success at IBM. Janine shares how she has build a Customer Success Organization at IBM and how she has brought together multiple functions at IBM to help clients succeed.

Janine also discusses her role in promoting internal career support for women and minorities at IBM, and how diversity in the workplace can become an organizational priority.


Keys to Becoming a Digital Bank

FEATURING: Chris Skinner, CEO of The Finanser, author, global speaker
December 3, 2019

Digital transformation in banking cannot occur without rewiring back-office processes, including streamlining operations and integrating data sets. But the most important transformation that must occur is with the culture and leadership at traditional financial institutions.

A digital culture is customer-centric, with latitude given for employees to make decisions on behalf of the customer. A digital culture also supports creativity and innovation — again, on behalf of the customer.

To get a great perspective on how legacy banks must disrupt themselves, we spoke to Chris Skinner, best-selling author and one of the most sought after and respected financial services influencers. Chris discusses his recent research into the traditional financial institutions that are setting the pace for others to follow.


Reinventing the Customer Experience in a Digital World

FEATURING: Sophie Heller, Group Chief Operating Officer for Retail Banking at BNP Paribas
November 26, 2019

Organizations in all industries need a new operating model that puts the customer’s needs at the center of all digital transformation strategies. This can be achieved by redesigned customer journeys, new products and services, and the agile delivery of insights and contextual solutions across channels.

To better understand how legacy financial institutions can better position themselves against digital pure play organizations such as Google, Amazon, Facebook, Apple and Alibaba, I sat down with Sophie Heller, Group Chief Operating Officer for Retail Banking at BNP Paribas. Sophie discusses the critical elements required to launch an integrated operating model organized around end-to-end experiences in an open banking environment.


The Power of Design in Digital Transformation

FEATURING: Alex Kreger and Monika Cālīte from financial services design agency, UXDA
November 19, 2019

Digital transformation is a challenge for organizations due to legacy infrastructure, internal silos, lack of a clear vision and resistance to change. Design thinking can help firms overcome many of these challenges, accelerating the transformation timeline. Done well, design thinking is a consumer-centric collaborative effort that can drive change internally and externally.

In this episode, we sat down with Alex Kreger and Monika Cālīte from the financial services customer experience design agency, UXDA to discuss how organizations can use design thinking and applied insights to improve internal processes, develop better products and services, maximize the impact of content and enhance the digital consumer experience.


AI and the Voice-First Revolution

FEATURING: Brian Roemmele, voice-first expert and president of Multiplex
November 12, 2019

The power of voice-based interactions has grown exponentially with the addition of always-on systems, combined with advanced analytics (AI), cloud-based computing and optimized multichannel delivery of insights. The voice-first paradigm will move beyond providing answers to questions – using data and insights to proactively provide insights and guidance that will simplify life for consumers.

In a voice-first world, advertising, commerce, payments and interacting with others around us will change dramatically. To get a perspective on the future of voice, we reached out to Brian Roemmele to discuss his vision of a highly personalized AI assistant that will keep data secure, while connecting to the outside world on an as needed basis to simplify a consumer’s daily interactions.


One-to-One With Apple Co-Founder, Steve Wozniak

FEATURING: Steve Wozniak, Apple Co-Founder, entrepreneur, philanthropist
November 7, 2019

A Silicon Valley icon and philanthropist, Steve Wozniak helped shape the computing industry by co-founding Apple Computer with Steve Jobs in 1976. Since leaving Apple in 1985, Wozniak has been involved in various business and philanthropic ventures, focusing primarily on computer and technology education.

I had the unique opportunity to sit down with ‘The Woz’ as part of the Novathon innovation event in Budapest last week. The event, presented by the Italian bank, Instesa Sanpaolo featured Wozniak as well as other industry speakers including myself discussing digital transformation, innovation and competition in banking. In our interview, Steve discusses his personal life, his focus on education, recommendations for entrepreneurs, the state of innovation and his memories of Steve Jobs.


Personal Growth During Times of Digital Disruption

FEATURING: Brian Solis, Digital analyst, author, keynote speakers
November 5, 2019

Digital disruption is impacting today’s worker more than ever, with sociologists believing that today’s worker will need to ‘reinvent themselves’ several times during a career in the future. While maintaining the status quo provides a temporary comfort zone, personal disruption can dramatically improve chances of finding financial, social, and emotional success. This personal transformation requires a new perspective.

In this episode, we discuss the importance of personal and professional growth with Brian Solis, digital anthropologist, global speaker and author of the new book, ‘Lifescale: How to Live a More Creative, Productive and Happy Life‘. Brian discusses his scientific findings, and provides insights that can help any person dissect where they are today, what could be holding them back, and how to be better positioned for long-term success and satisfaction.


Principles of Becoming an Algorithmic Leader

FEATURING: Mike Walsh, Futurist, speaker and author of the book, The Algorithmic Leader
October 29, 2019

Digital transformation is much more than just new technologies. Leadership and cultural changes are required to respond to a new business paradigm. How can leaders make better decisions at a time of digital disruption … embracing change, taking risks and leveraging technology in partnership with humans for a better consumer experience?

In this episode, Mike Walsh provides insights on how to survive and win during a time of digital transformation. His ability to synthesize the core principles of personal transformation that are needed for the future are both exciting and a bit unnerving. Referencing his newest book, The Algorithmic Leader, Mike discusses the keys to algorithmic leadership, cultural change and the future of work.


The Power of Open Innovation Platforms

FEATURING: Kris Kovacs, President and CEO at Constellation Digital Partners, LLC.
October 22, 2019

Every financial institution is looking for the next ‘big idea’ or ‘next generation’ digital app that will differentiate an organization by making banking easier and deployment of products and services less costly. With most banks and credit unions unable to build this type of digital capability internally, it is vital to be able to reach out to the largest possible number of creative thinkers. In banking, one way to accomplish this is through a pool of fintech firms who are working on behalf of a community of financial institutions to deliver custom solutions that can be deployed at scale.

For a perspective on this relatively new way for fintech firms and financial organizations to partner, we’re joined by Kris Kovacs, president and CEO of Constellation Digital Partners. Kris and his team have built an organization focused on open innovation solutions for traditional financial institutions. In this episode, Kris will discuss his organization’s mission and the benefits of open innovation for fintech firms, financial institutions and the consumer


A Practitioner’s Guide to Digital Transformation

FEATURING: Sonia Wedrychowicz, Previous digital transformation leader at JP Morgan Chase and DBS Bank
October 15, 2019

Many people talk about digital transformation in financial services, but few have actually built a digital banking organization from the bottom up. What are the strategies and components of success? What are the challenges and barriers that can derail a digital transformation journey? And, why are so few traditional financial institutions able to effectively compete with new fintech firms and large techfin corporations?

In this episode, Sonia Wedrychowicz, previous head of digital transformation at both JP Morgan Chase and DBS Bank, shares how she helped build one of the most successful digital banks in less than a year. In addition to discussing the importance of a ‘digital culture’, she shares her perspective on agility, how to humanize a digital experience, and leadership lessons she learned on her path to becoming a black belt in kickboxing.


How Mobile Banking Drives Digital Transformation

FEATURING: Thomas Hogan, President of North America, Temenos
October 8, 2019

Mobile initiatives are aligning with emerging technologies to become the centerpiece of most enterprise-wide digital transformation efforts at banks and credit unions. The proliferation of mobile devices has moved mobile apps beyond a transactional entry point, with an increased emphasis being placed on creating exceptional customer experiences that boost productivity, loyalty and contextual engagement regardless of the device or operating system.

For a perspective on the changing dynamics of digital engagement and the importance of the mobile channel, Thomas Hogan, president of North America for Temenos, shares how organizations of all sizes can now build world-class mobile apps. He also discusses the importance of agility, mobile design and how a digital culture can enable the deployment of digital solutions at the pace of change.


Building One-To-One Digital Relationships

FEATURING: Don Peppers, Bestselling author, global authority on customer focused strategies
October 1, 2019

It is imperative to build and maintain a customer-centric business during periods of digital transformation. To accomplish this, firms must focus on the customer experience, leveraging corporate culture, strategy, technology, and data analytics. Which firms are the best at being able to accomplish this objective? Which firms are failing to live up to customer expectations … and why?

In this episode, world renowned bestselling author and customer experience guru Don Peppers shares his insights on what is needed to be a customer-focused leader in a digital world. He also looks back 25 years and discusses how the lessons from his first book, ‘The One to One Future’ still apply today.


A Futurist’s View of Banking and Technology

FEATURING: Brett King, Bestselling author, radio host and founder of Moven
September 24, 2019

Digital disruption is occurring globally, impacting not only the way products and services are consumed, but how they are marketed and delivered using modern technologies. The impact is felt in all industries, but especially in banking, where legacy systems and culture work counter to most transformation efforts. One of the biggest challenges is how these changes are impacting the future of work and the potential displacement of millions of workers due to automation, robots and the restructuring of organizations.

In this episode, Brett King, bestselling author, founder of neobank Moven, and host of the weekly radio show, Breaking Banks, discusses the threat of new competition in banking, some potential solutions, and the potential for global unrest caused by the impact of automation and new technologies.


It’s Time to Rethink the Innovation Process

FEATURING: Rohit Bhargava, Professor of Global Marketing at Georgetown University
September 17, 2019

The future of innovation is not defined by technology. Innovation is defined by doing something new and different that works. Organizations hoping to succeed in their digital transformation journey must avoid simply adding something new, and consider the elimination of old paradigms.

In this episode, we interview Rohit Bhargava, Author and Professor of Global Marketing at Georgetown University about the importance of innovation and why so many organizations fail because of ‘innovation envy’, not looking outside their own industry or not applying data effectively.


The Magic of Digital Transformation at Disney

FEATURING: Doug Lipp, Consultant and Author of the Book, “Disney U”
September 10, 2019

Disney is a great example of an organization that has changed tremendously through the years, leveraging data and new technology without forgetting their legacy or relinquishing their brand. At a time when financial institutions are caught between legacy cultures and the demands of a digital consumer, Disney has found a way to integrate modern technology with a personalized human touch. They have accomplished this through strong leadership, innovation, an emphasis on hiring the right people, extensive training and some Disney ‘magic’.

In this episode, we talk to Doug Lipp, consultant and author of the book, “Disney U” about the importance of building a digital culture from the inside-out, leveraging training and continuous reinforcement to encourage a magical mix of modern technology and human engagement.


Contextual Data is Changing the Future of Banking

FEATURING: Hossein Rahnama, CEO and Founder of Flybits
September 3, 2019

The financial services industry has seen a great deal of disruption from digital-based alternatives. Many of these challengers use advanced technology and expanded data sets to offer apps that provide financial solutions at a lower cost, with less friction and greater personalization than traditional bank or credit union offerings. Toronto-based startup Flybits believes that the best way to compete in the future is not just by developing innovative products and services, but by becoming the repository of choice for data in addition to money.

In this episode, Hossein Rahnama, CEO and Co-Founder of Toronto-based Flybits, discusses how the future of financial services will be based on the ability of institutions to use contextualized insights to enrich consumers’ daily lives inside and outside of banking.


Abigail Posner profile pictureHow to Humanize Digital Experiences in Banking

FEATURING: Abigail Posner, Director of Strategy for Google
August 9, 2019

In a digital world, consumers can acquire enough information about a product or service on a smartphone or online to make a purchase decision without ever asking a question of a customer service representative or walking into a physical store (branch). Whether a consumer wants to buy a protein bar or new automobile, they can now leverage digital channels at each step of the customer decision journey, bypassing the traditional step-by-step sales funnel behavior.

In this exclusive interview, Abigail Posner, Director of Strategy for Google’s Brand Unit, discusses the importance of having an in-depth understanding of consumers in the digital space and translating these insights into personalized strategies for creative and content development.


Gary Vaynerchuk profile pictureStatus Quo Is Not an Option

FEATURING: Gary Vaynerchuk, CEO of VaynerMedia
August 2, 2019

Gary Vaynerchuk (Gary Vee) is a serial innovator, social media icon, chairman of VaynerX, and the active CEO of VaynerMedia. He wants you to have a proactive approach to marketing and be willing to disrupt yourself to avoid obsolescence. In this interview, Gary discusses the use of social media, the need for supportive culture and leadership and the importance of a personal brand.

During this interview, you quickly realize that his level of engagement and passion for what he does and communicates is no act for social media. He is a huge believer in the value of hard work, testing new ideas, helping others succeed and disrupting oneself.


Jeffrey Hayzlett profile pictureLeadership Lessons for Bankers from the Former CMO of Kodak

FEATURING: Jeffrey Hayzlett, former CMO of Kodak
July 26, 2019

In this exclusive interview, Jeffrey Hayzlett, the former CMO of Kodak, discusses the importance of strong leadership, the need for a well-defined culture, and the risk of being passive when your industry is facing massive disruption.

Hayzlett challenges bank and credit union executives to examine their values and behaviors while aligning values with an organization’s overall mission. He also stresses the importance of embracing new technology and the need for leaders to not become passive.


Jim Marous Profile PictureAbout Jim Marous

Named as one of the most influential people in banking, Jim Marous is an internationally recognized financial industry strategist, co-publisher of The Financial Brand and the owner and CEO of the Digital Banking Report. The Digital Banking Report is a subscription-based publication that provides deep insights into the digitization of banking, with over 150 reports in the digital archive available to subscribers.

As a sought after keynote speaker, author and recognized authority on disruption in the financial services industry, Marous has been featured by CNBC and CNN, Cheddar, The Wall Street Journal, New York Times, The Financial Times, The Economist, The American Banker and has spoken to audiences worldwide. Jim has also advised the White House on banking policy.

You can follow Jim on Twitter and LinkedIn or visit his professional website.