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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.
Retired Member
Banks today are looking beyond ‘product and pricing innovation’ for differentiation and competitive advantage. The new aspiration is to champion the trifecta of Customer Experience (CX), Omnichannel engagement and a Platform business model. Technology has a vital role to play in building each one of these economic moats. Banks recognize this fact a...
21 May 2020 /sustainable
Alessio Balduini CEO at Crif Business Solutions
The latest data from Bank of England projects a contraction of 14% of GDP on an annual basis with an astounding 25% contraction in Q2 alone. This could result in a loss of 15-20% - or up to a million - Small and Medium Enterprises. Needless to say, these are unprecedented and troubling figures. The graph below is unique as it is based on open bank...
14 May 2020 /payments /covid-19
Andrew Beatty Head of Wealth, Retirement & International at FIS
“The only certainty is that nothing is certain,” wrote Pliny the Elder about two millennia ago. Few would challenge this sentiment, particularly these days – in fact this perspective may be more relevant now than ever. In the business of banking there’s a continuous flow of new regulations, advances in technology, and shifting customer expectations...
07 May 2020 /retail /cloud
Digital payments are already here, whether we are ready for it or not. With every passing day, there are FinTech companies continually pushing the digital payment envelope. New ideas and services are created all the time. We also see nontraditional FinTech companies enter the digital payments space, examples are Facebook and Apple (just to name a ...
06 May 2020 /payments
Disclaimer: I am not affiliated with any of the reviewed companies Everyone who uses online banking and fintech services (pretty much all of us these days) might have noticed changes in their interfaces and communication: pop-up notifications, COVID-19 related FAQs, special offers, social awareness campaigns, and more. Acknowledging the severity
05 May 2020 /retail /covid-19
Tim Simon CEO at Madiston plc
Consider the positives in the way that we do things, against the background of the current pandemic. For the sake of us all, it is important to try to keep things going, learn and make all the positive moves for improvement that we can during this lockdown. For most companies, the time to make radical changes is when business is quiet or depressed...
04 May 2020 /retail /covid-19
In the banking industry, the core system contains vital records for the business. It is the beating heart of the operation, so its “life expectancy” had better be built for the long haul. McKinsey estimates that about 70% of banks are reviewing their core platform to enable real-time processing and remain relevant in a digital world – but with the...
23 April 2020 /retail /sustainable
Few people could imagine going back to a life without binge-watching Netflix, creating Spotify playlists, or backing up files on Dropbox, Drive, or iCloud. However, there is a flipside to subscriptions and recurring payments. The explosive growth of subscription services, people are losing track of what they have. A 2019 study by Minna Technolo...
21 April 2020 /payments /retail
Nick Ogden Chairman at Ogden Research
The announcement this am that the UK Government is supporting tech startups with up to £1.2Billion is great news, and as I predicted last week, matches the existing approach used by the BCR, the Banking Competition Remedies Scheme. That scheme albeit still in its early days is showing real results amongst its fintech participants. This scheme ann...
20 April 2020 /payments /covid-19
Unprecedented measures taken by government to contain the spread of coronavirus have triggered the worst social and economic crisis since 2009, jeopardizing the global financial system. It might seem like we have already hit the bottom, but the situation will likely become worse in the months to come. If previous crises has taught us something, he...
17 April 2020 /retail /wholesale
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