Editors Note: In this blog we discuss the growing opportunity that financial institutions have to provide their users with options for shared finances. In the Forrester report titled "Why Digital Teams at Financial Providers should Invest in Shared Finances", Peter Wannemacher goes over five steps that financial institutions can do to prepare their bank or credit union for success. We take a closer look at those five steps.
Editors Note: Shared finances is an evolving market for financial instituations. Peter Wannemacher of Forrester discusses the void of financial institutions serving the complex financial relationships involving family, business partners, etc. As Millennials become to gain more economic power, it will be critical for both financial institutions and businesses to not be reactive to demands such as these, but ancipatory and predictive for personalized services.