Community
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.
Riccardo Conte Founder at Virtus Flow
Banking Automation is the future of the financial industry. In 2017 McKinsey [1] reported that newer technologies were causing disruption in financial institutions and that companies adopting digital alternatives would increase their profits and productivity as a result. Accenture [2], reported that digitally focused and digitally active banks ha...
18 August 2020 /retail /wholesale
Retired Member
Even before the pandemic, SMEs were struggling to obtain access to the funding they needed, when they needed it. Outside of the Coronavirus Business Interruption Loans underwritten by a number of governments across the global economy, financial exclusion for SMEs has been a growing issue. Access to short-term funding often involves multiple hurdle...
14 August 2020 /inclusion
In a rapidly transforming digital payments ecosystem, Request-to-Pay (RTP) provides compelling functionality. From improved customer service to reduction in costs, fraud and friction, the benefits of this new way to request payment initiation are extensive. SEPA Request to Pay (SRTP), the Eurozone version of this initiative, allows digitalization o...
14 August 2020 /payments /inclusion
Thomas Pintelon Head of Strategy at Capilever
While credit origination is considered as a very customer-centric process, the credit servicing part that comes afterwards is usually considered as a purely operational, back-end process. However, substantial added value and competitive advantage can be reached by a more customer-centric approach during this credit servicing lifecycle. In an earli...
14 August 2020 /retail
Banks have had to adapt quickly to function during COVID-19. For many, digitisation was the preserve of a few operational processes, and the industry is still way to reliant on paper to operate effectively in a virtual environment. The pandemic has driven home the message that digitisation and automation aren’t optional; they’re essential for resi...
13 August 2020 /retail /covid-19
Andrew Beatty Head of Wealth, Retirement & International at FIS
“Every generation needs a new revolution,” Thomas Jefferson Digital banks are popping up everywhere. Many of these upstarts are the offspring of grown-up banks that may be careworn and lacking in agility. How will the older and wiser cohabit with such youthful exuberance? In this blog we consider how to close this “banking generation gap” befor
06 August 2020 /retail /covid-19
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Marketplaces are emerging in every sector and the financial sector is no exception to this trend. For every product or service, for which multiple parties interact, marketplaces unfold to better match the supply and demand and improve the cooperation between the involved parties. Marketplaces have however unique dynamics, due to their multi-facial...
02 August 2020 /startups /markets
“The limits of my language mean the limits of my world,” said noted philosopher Ludwig Wittgenstein. He understood that any language contains walls, and that speaking a language restricts your thought and mind to a specific format. In this blog we consider whether banking is limited by its own lexicon. The Inuits are said to have 50 words for snow...
30 July 2020 /payments /retail
In a recent post, we explored how Asset Servicing (AS) firms are grappling to meet their clients’ and investors’ fast-evolving digital service and real-time reporting expectations. The underlying reason that so many Transfer Agents (TA) and Fund Administrators (FA) are not in a position to offer appropriate digital services is as much cultural as i...
29 July 2020 /regulation /devops
Alex Kreger Founder & CEO at UXDA
As many as 78% of companies fail at their digitalization goals*. In the process of digital transformation the main focus usually is on the product, innovation and digital technology. But, in the digital age, customers are the ones who decide the product's fate. If it doesn't live up to their expectations, it will be quickly replaced with a user-ce...
28 July 2020 /retail /covid-19
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