Citigroup CEO Believes Customers Should Set The Pace With Technology

While digital banking is becoming more popular with consumers, the CEO of Citigroup believes that traditional banks shouldn’t move too fast when it comes to technology. Michael Corbat used his own family as an example. “I often talk about my family and think about my 94-year-old father who forgets his pin by lunch every day, or my children who never go to a [bank] branch, and then there’s my wife and I who are in the middle of this somewhere,” Corbat said at the World Economic Forum in Davos, Switzerland, in a session titled ‘Shaping the Future of Financial and Monetary Systems.’...