Finance Monthly August 2019 Edition

stockpiles of data they’ve gathered from their customers. If financial institutions want to compete, they must be able to access and leverage their own stockpiles, rather than letting data sit in silos, inaccessible and unusable. To do this, banks must embrace both a single solution to store clean, ready to use data and a single platform that can actually deliver value from that data. Knowledge is power, but only if you know where to find that knowledge and how to use it. Next, banks and credit unions must go digital. Today’s customers are used to a world with Amazon, Netflix and Uber, where they can get whatever theywant, immediately and on-demand. Financial institutions must offer the same options by Jeff Bezos CEO & Founder Amazon 12 www.finance-monthly.com FRONT COVER FEATURE - BANK OF AMAZON