• 454) Building Trust in Banking: The Modern Banker and the Wisdom Economy

  • Nov 19 2024
  • Length: 42 mins
  • Podcast

454) Building Trust in Banking: The Modern Banker and the Wisdom Economy

  • Summary

  • Trust, composed of both words and actions, is now harder to maintain as customers have become more knowledgeable and have a wide array of financial service options beyond traditional banks. The shift from a personal, relationship-focused banking experience to a more automated, regulation-heavy environment has eroded trust between banks and their clients.


    Jack Hubbard, co-founder of the Modern Banker and co-host of the Modern Banker Podcast, believes that adopting a trust-based selling approach where bankers act as resource managers will allow them to focus on solving customer problems rather than merely selling products. This requires a congruent message from the bank's leadership down to its culture and an emphasis on continuous education and development for bankers. Because the ultimate goal is to create a modern banker who is prepared to face the evolving challenges of the industry with wisdom, adaptability, and a customer-first mindset.


    Join us as we discuss:


    -The Modern Banker: Redefining Roles and Building Trust (07:18)


    -The Evolution of Trust in Banking (26:37)


    -The Future of Banking: AI and Trust-Based Selling (34:55)


    You can find this episode and many more by subscribing to Banking on Digital Growth on Apple Podcasts, on Spotify, or here.


    Hosted by Ausha. See ausha.co/privacy-policy for more information.

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