Marketing is Losing Power. Digital Banking Success Relies on User Experience(uxdesignagency.com)

over 1 year ago from Alex Kreger, CEO/UX Strategist at theuxda.com

  • Alex KregerAlex Kreger, over 1 year ago

    According to CB Insights research of 101 startup failure post-mortems, 42% failed because they lacked market need. It's not only about “inexperienced” startups, this happens even to the “best of us”. Google failed with Google+ and Google Wave, despite enormous marketing budgets and award-winning ads. We see the same happening in digital banking. So, the question is - is it a good idea to first create a digital financial product and then stimulate a market need with tons of advertising?

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