Corporate banks aren’t reaping the full benefits of the Subscription Economy—yet
The subscription model is becoming more common in virtually every sector, already generating $650Bn and driving 18% annualized growth according to UBS. Yet, the financial industry is lagging behind and is just starting to ride the "subscription growth wagon".
Of all the businesses in the financial services sector, corporate banks are in the best position to transition their business models to capitalize on the opportunities of the Subscription Economy.
For this paper, we studied some of the top-performing subscription-based businesses in the world to uncover the key lessons corporate banks can follow to succeed, like: