Senior executives at retail banks are motivated to begin offerings available, but are held back by cyber security concerns, according to a new study. Cisco’s report Roadmap to Digital Value in the Retail Banking Industry report pegged the value that retail banks could gain by launching digital services similar to those services offered by fintech competitors at $405.3 billion between 2015 and 2018. Another Cisco report, Cybersecurity as a Growth Advantage, found that 71 percent of senior finance executives surveyed said cybersecurity risks slow technology innovation at their company.
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ORIGINAL SOURCE: SC Magazine
