Banking Industry
Trends and impact of future mobility
The future of mobility and the impact on the technological progress of various industries are the subject of this comprehensive study by msg Plaut.
Banks need to adapt to technological advances in mobility to remain competitive.
They need to change their business model from a product-oriented to a service-based model in order to become a comprehensive mobility provider. One way to achieve this would be to expand traditional car financing to include insurance, maintenance, and repair services.
Banks also need to find alternative distribution channels as well as limit their relationship with car dealers to interact directly with customers.
Digitalisation is another key focus area, which includes moving to cloud-based solutions and providing digital services to offer a seamless and convenient customer experience.
Ultimately, banks need to find ways to use data from modern cars to grow their business.
Our study highlights the important skills that businesses and institutions need to succeed in the rapidly evolving mobility sector. These include: Embracing ecosystem thinking, business model agility, digitalisation, complexity management, effective use of data, focus on customer centricity and environmental sustainability.
Implementing these capabilities can lead to creating new revenue streams, increasing customer loyalty, and driving innovation. The goal is to assist in better understanding the issues at hand and provide them with valuable insights and solutions that will enable them to succeed in this rapidly evolving landscape.
Learn more about the findings of our study and how companies and institutions can prepare for the mobility of the future.
Specific industry whitepapers
In a series of whitepapers, we look at the challenges ACES poses to the automotive industry, the public sector, and the insurance and banking industries.
By understanding the challenges and potential solutions outlined in this whitepaper, industries can navigate and thrive in the future of mobility without uncertainty.