The Evolution of Business Banking

The Evolution of Business Banking

March 29, 2022 | Read Time: 1 minute

March 29, 2022 | Read Time: 1 minute

Just like other segments, business banking is moving toward a digital-first paradigm. Curinos is pleased to present key results from our Business Banking Shopper & White Space Research which was conducted in the fourth quarter of 2021 and included 2,400 respondents.

Physical locations are becoming less important.

2018 Drivers of Convenience

35%

Branch or ATM nearby

37%

Strong digital capabilities

2021 Drivers of Convenience

26%

Branch or ATM nearby

45%

Strong digital capabilities

With the shift toward digital channels, businesses are looking for…

Curinos has identified six segments of businesses that have distinct needs.

As a result, the strategy for each segment should be distinct.

Business Banking Segments by Relative Size and Churn 2021

Financial institutions can deliver true partnership for business customers.

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