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Trends in Financial Services

A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.

Sheza Gary

Sheza Gary Project Strategiest at Self Employed

Brexit Vote Fallout: Here’s What It Could Mean for the Pound

After shocking the global community in 2016 with a referendum to leave the European Union, the United Kingdom is nearing its departure date from the EU. Now, more than two years after the initial vote, Prime Minister Theresa May and the EU have come to an agreement for the terms of a such a divorce. However, back in London, UK Parliament is still ...

Retired Member

Retired Member 

Using travel to establish a brand at the heart of a customer’s affections

The travel industry is bracing itself for a rough ride this year as uncertainties around Brexit are impacting consumer confidence. Euromonitor International has predicted that Brexit could drastically affect the number of outbound holidays booked over the next three years and increase staycations. With travel habits changing, could this have a ...

Rik Coeckelbergs

Rik Coeckelbergs Independent Advisor, Opinion Maker and Consultant at The Banking Scene

The war on cash: National Banks Strike Back

Last week I blogged about contactless cards. The title started with “The war on cash”. This confused quite some readers, according to the comments when discussing my blog of last week. Interesting stuff, and good inspiration for a new blog. My new post will be dig deeps in these comments and concerns on the increasing digitization of payments. What...

/payments

Retired Member

Retired Member 

Migration & Remittance: Inextricably linked cogs in the wheel of the global remittance industry

In the year 2000, statistics revealed that 173 million people lived as migrants across the world while in 2017 there were 258 million migrants living in different parts of the world. In 17 years, migrant population increased by 49%. As a logical consequence of increase in migration there has been a stupendous rise in global remittance flows. In...

/payments /inclusion

Shailendra Malik

Shailendra Malik SVP - Tech Delivery (Data Platform) at DBS Bank

Data Science, AI and Hype cycles

When in industry more than 50% of new roles are driven towards a specific skill set and when projections from various recruiting companies shows the world being short of certain skilled people and employers are scrambling to find certain type of resources in the market and are willing to pay a premium to get them on-board then it is a clear sign t...

/ai

Bob Lyddon

Bob Lyddon Consultant at Lyddon Consulting Services

Turkish bank Non-Performing Loans soon to hit World Class levels

Turkish bank Non-Performing Loans (“NPLs”) will soon be reaching World Class levels, even if the bar has been set very high by the banking systems of Greece and Cyprus: only NPL levels of 40-45% of total loans gets you into this elite club. This is where a main result of the decline in the value of the Turkish lira will play out, and we have to be ...

/wholesale

Shailendra Malik

Shailendra Malik SVP - Tech Delivery (Data Platform) at DBS Bank

From Black Box ML to Glass Box XAI

One of the difficulties in stepping into a red-hot technology space is you’re not sure what to expect. As you’re grappling with unexpected technical curve balls what if your own stakeholders beat you to death after seeing the results which are wrong by their expectations or understanding. The current nascent implementation of Artificial Intelligen...

/ai /regulation

Retired Member

Retired Member 

What the rest of the financial world can learn from its remittance counterparts

Almost all inventions in every industry have been designed to make our lives more comfortable or convenient in one way or another. But one sector which hasn’t always been known for its continuous innovation is the financial industry. In the past, the core financial institutions have controlled the rate of innovation, deciding how consumers accessed...

/inclusion

Shailendra Malik

Shailendra Malik SVP - Tech Delivery (Data Platform) at DBS Bank

Troubles with black box AI or ML models

One of the difficulties in stepping into a red-hot technology space is you’re not sure what to expect. As you’re grappling with unexpected technical curve balls what if your own stakeholders beat you to death after seeing the results which are wrong by their expectations or understanding. The current nascent implementation of Artificial Intelligen...

/ai

Shailendra Malik

Shailendra Malik SVP - Tech Delivery (Data Platform) at DBS Bank

Gig Economy - A Financial Services Nightmare

The idea of Gig economy is not new. In fact it exists in its rudimentary form by the name of Daily Wage worker. With digitisation of work and remote working ecosystem advancing to next level, Gig economy is now a very viable option for knowledge workers. I remember the website Rent-a-coder website, all the way back in 2002 when I was looking for o...

/regulation

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