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Latest thinking in respect to Banking Strategy, Digital and Transformation. Harnessing our collective wisdom to make banking better. Ambrish Parmar
As the owner, you will also give up ownership if you leave this group.
Moises Cohen Chief Banking Officer & Co-Founder at The Floor
Covid-19 has been a transformative experience for banks. With lockdowns and limits on in-person service, banks were forced to quickly arrange for an increased volume of online services. As a result, an influx of customers who formerly did most of their banking at in-person branches have shifted to digital banking, in many cases, for the first time...
05 January 2021 /covid-19 /predictions
Akhil Rao Director at Nth Exception
The main reason to switch is that ISO 20022 payments messages carry much richer information than the redundant SWIFT MT messages and other legacy formats commonly used today. Also, the information in an ISO 20022 message can be grouped together based on common data components from different payment methods and can be further reused, resulting in i...
23 December 2020 /payments /retail
Paul Farrington
December is often a reflective month, when organisations take stock of what’s been achieved over the past year and outline their ambitions for the year ahead. It’s obvious that 2020 has been a year like no other, not just in the world of application security. So how are banks faring and what’s next in 2021? The pandemic caused banks to rethink the...
21 December 2020 /security /cloud
Nikunj Gundaniya Product manager at Digipay.guru
When the coronavirus pandemic hit the world, banks and finance companies rushed to make their transactions digital. All the countries started imposing lockdowns to protect their citizens. Due to this, businesses shifted to work from home mode. They have shifted their daily transactions to mobile apps and online portals. Banks and financial institu...
21 December 2020 /payments
Steve Morgan Banking Industry Market Lead at Pegasystems
We are seeing a state of flux in several areas of banking: customer needs, environmental obligations, banking requirements and more. Until now, it has been a struggle for banks to keep up and manage every single aspect of this transformation – from the individual level right up to the corporate level. For example, the proliferation of government-b...
18 December 2020 /retail /covid-19
Andrew Beatty Head of Wealth, Retirement & International at FIS
In the words of famed singer-songwriter Bob Dylan, “The Times, They Are A Changing.” In this blog we examine how pricing models are changing and emerging, both in terms of consumer behavior in general, and for the banking industry in particular. Pricing models are changing before our eyes. On-demand, consumption-based pricing is seemingly everywher...
17 December 2020 /retail /predictions
Stephen Stantiall Senior consultant at Capco
This blog was co-authored by Daniella Chrysochou, Senior Consultant & Steve Stantiall, Senior Consultant at Capco Many financial services organizations are transforming the way in which they deliver change by adopting new ways of working and leveraging models such as Modern Delivery, Scaled Agile and Value Streams. But what do these (latest) a...
16 December 2020 /people
Retired Member
As we approach 2021, access to money represents both a challenge and opportunity. Companies need access to capital and in the short term, to loans. The latter may be required at increasing frequency if healthcare problems on the ground overwhelm societies. Resilience and responsiveness are key. There is a general consensus about digitisation. But ...
14 December 2020 /covid-19 /predictions
Dmitry Dolgorukov CEO at GiniMachine
A strong credit risk management system in combination with AI and ML technologies can not only mitigate financial risks but also level up the effectiveness of decision-making processes, increasing a company’s profit. According to Statista, the number of only FDIC-insured commercial banks in the U.S. over the last 20 years reduced by half. It sugg...
14 December 2020 /startups
Joaquin De Valenzuela Muley SVP & Global Infinity Business Line Director at Temenos
As covid-19 accelerates the take-up of digital banking services, banks have a unique opportunity to address two of the biggest problems facing the sector: customer satisfaction and trust. When the coronavirus struck, banks reacted like every other sector, by focusing on business continuity. They had to keep their infrastructure going and sustain t...
10 December 2020 /retail /covid-19
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