To stay ahead of new disruptive competitors, banks must understand the value of the data produced from daily transactions across email, mobile and online channels by digitally-led customers and use them to build on their strengths. High street banks and private financial service organizations give customers potential to develop new initiatives with cross-marketing events, loyalty programs. Bank must adopt a mobile-first strategy which engages with customers to maximize longevity. They must deploy mission-critical analytics tools with access to real-time data. Also, more flexible and intelligent OS harnessing the use of big data must be used. By using sophisticated analytics features, banks’ risk management departments can access information on customer-purchasing behavior enabling them to make immediate adjustments to individual customer credit limits or lending rights. Read more about it at: https://channels.theinnovationenterprise.com/articles/7749-how-is-data-remodelling-the-fs-ecosystem