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A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.
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The raising prominence of Data privacy: As per the market stats published by Statista, the amount of data/information generated, gathered, copied, and consumed is expected to reach 180 zettabytes by 2025! And a majority of the data generated is on customer and customer only! All of this can be used to infer valuable insights and patterns on the cus...
16 February 2023 /regulation
Satinder Lala Director of Marketing at Capium
Is AI really the future of accountancy? Artificial intelligence (AI) has been subject to a great deal of both hype and scepticism throughout its history. It’s a technology that sparks most people’s imagination – or fear – by calling to mind futuristic, sci-fi concepts. In the accounting industry, an ongoing debate surrounds AI’s ability to carr...
18 January 2023 /inclusion /predictions
Steve Morgan Banking Industry Market Lead at Pegasystems
AI & ML Harnessed in Fight to Build up Customer Financial Resiliency Financial institutions are under intense pressure to look after their customers as economic uncertainty and recession hits people’s lives and livelihoods. What has happened already in the UK in 2022 suggests it may get uncomfortable for some in the industry who do not do enou...
06 January 2023 /predictions
Yuliya Barabash Managing Partner at SBSB Fintech Lawyers
In 2021, a friend of mine bought an NFT for €1800. Today, it costs €10. The difference is impressive. With the market decline, all token purchases made a year ago lost 80–90% of the margin. The loudest story is connected with Logan Paul, an American YouTube blogger. In 2021, he purchased an NFT called K4M-1 #03 from the Azuki Bumblebee collection....
06 December 2022 /crypto /markets
Rajesh Tengshe Consultant at TCS
Metaverse is the new buzzword in the world of business. It promises to transform customer engagement and deliver a captivating and immersive experience to users. The metaverse exists at the intersection of the physical and virtual worlds. While the concept of virtual world gained popularity with advent of video games, other industries are quick to...
05 December 2022 /retail /predictions
Sergio Barbosa CIO of Global Kinetic, and CEO of FutureBank. at Global Kinetic and FutureBank
Businesses are losing billions due to poor quality software. And, as the economy tightens and skills remain scarce, this is likely to get worse, forcing them to pay to fix avoidable problems and resulting in stalled growth. According to the Consortium for Information & Software Quality (CISQ), poor software quality cost US organisations $2.08...
29 November 2022 /devops /predictions
Rising inflation across the US, UK and the Eurozone is creating massive pressures across global markets. We’re seeing a reduction in the breadth of credit products, like mortgages, as they become more unaffordable, which leads to a reduction in volume and profitability as net interest margins are squeezed. Defaults are increasing – and will continu...
23 November 2022 /markets
Chris Principe CEO at APB, Inc.
eTRADE eMBRACEING eCOMMERCE Trade, acquiring things we need and want, is the oldest profession known to man. Now I know what everyone thinks of as the oldest profession, but that would not be possible without trade. Over many centuries trade has evolved and adapted to our changing world. Trade is still alive in all its forms. From barter to bargai...
24 October 2022 /payments /wholesale
Justin Van Til SVP of Product, Marketing & Strategy at QUODD
The inflationary environment is hitting all corners of the economy. Yes, even financial services companies. Perhaps nowhere is this more evident than in the cost of market data. The challenge for financial institutions – and by extension, their wealth management servicing platforms – is that this information is not a discretionary purchase that th...
13 October 2022 /wealth /predictions
Gilbert Verdian Founder and CEO at Quant
New rules, like the UK’s Financial Services and Markets Bill and the EU’s Crypto-Assets Regulation (MiCA), should be welcomed, argues Quant’s Founder and CEO, Gilbert Verdian. Republished with the permission of Thomson Reuters Regulatory Intelligence. Over the last five years, investment in cryptocurrency increased from $100 billion to a market cap...
11 October 2022 /regulation /crypto
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