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43% of financial institutions cite nonbank competitors as a critical driver of digital asset investment

PYMNTS says the pressure is coming from outside banking. FIS executive Jon Eisenstein says banks have the advantage of customer trust “for now.”

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1 Source, 12h ago, first seen 12h ago

TLDR

PYMNTS says 43% of financial institutions call nonbank competitors a critical driver of their digital asset investment, compared with 24% that point to other banks. FIS executive Jon Eisenstein says banks have the advantage of customer trust “for now.”

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1 Source, first seen 12h ago

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Combined views

498

1 Source, first seen 12h ago

4 likes2 saves

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1 Source

@pymnts"Banks have the advantage of customer trust ... for now," says Jon Eisenstein, senior vice president, product, digital assets and embedded finance at @FISGlobal. The pressure is coming from outside banking. 43% of financial institutions say nonbank competitors are a critical driver of their digital asset investment, compared with 24% that point to other banks. The latest Global Payments Tracker® from PYMNTS Intelligence and FIS shows what banks need to build now to stay at the center of how digital money moves. https://hubs.ly/Q04yJ_LC0
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    @pymnts"Banks have the advantage of customer trust ... for now," says Jon Eisenstein, senior vice president, product, digital assets and embedded finance at @FISGlobal. The pressure is coming from outside banking. 43% of financial institutions say nonbank competitors are a critical driver of their digital asset investment, compared with 24% that point to other banks. The latest Global Payments Tracker® from PYMNTS Intelligence and FIS shows what banks need to build now to stay at the center of how digital money moves. https://hubs.ly/Q04yJ_LC0
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