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.
Vasyl Soloshchuk CEO at INSART, WealthTech Club
Any robo-advisor would like to access the huge client base that banks have at their disposal. This explains why many WealthTech platforms seek partnerships with banks. However, the news is full of reports that banks, especially global ones, are investing in WealthTech platforms themselves. In 2017, MyPrivateBanking (now acquired by Cutter Associat...
28 May 2019
Retired Member
Artificial intelligence (AI) is being used throughout digital transformation initiatives and is changing how banks perform client on-boarding, anti-money laundering (AML) and know-your-customer (KYC) compliance. Additionally, for the purposes of anti-money laundering, artificial intelligence systems can mine large amounts of transaction data and i...
24 May 2019 /ai /regulation
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Banks struggle to evolve to the changing customer needs and expectations and to introduce latest technologies. In a world where cost, time to market and flexibility are key business drivers, it is painful to see that the time and price for implementing changes in banking applications has increased compared to 10 years ago. This lack (and drop) of ...
23 May 2019
Fintech companies are well known for disrupting the banking industry and forever changing the way it operates. Now these organisations must embrace technologies like Artificial Intelligence (AI) and voice recognition to transform the way they communicate with their customers. When consumers ring businesses it is more often than not because they ha...
21 May 2019 /ai
Chris Principe CEO at APB, Inc.
System D: The Gray Economy System D is the underground or gray economy where approximately 20% of the world’s population works and is about 20% of the world’s total economic activity. The term System D is adapted from the French word débrouillard. A débrouillard is a resourceful and self-reliant person that can figure out how to get what they need ...
20 May 2019 /ai
Barley Laing UK Managing Director at Melissa
In an increasingly competitive mobile-first world, it’s time for banks to be ethical with the data customers entrust to them – obeying relevant rules and regulations, as well as leading the way in delivering best practices in customer service and convenience. Otherwise, customers will vote with their feet and take their business to those financial...
20 May 2019 /regulation
Andrew Beatty Head of Wealth, Retirement & International at FIS
Fintechs are an integral part of the Commercial Banking value chain. Business customers want and need to manage their cash flows, including making payments, receiving payments, getting information, investing funds and borrowing funds. Banks provide Treasury Management and Lending products to meet the customer mandate. Fintechs deliver end-to-end so...
16 May 2019
Ambrish Parmar Digital Leader, Strategist, at Thought leader and Start-up Advisor
Dear all Sharing a summary of UK Business Plan priorities from the CMA, FCA and PRA. Competition and Market Authority 2019/2020 priorities: •Protecting vulnerable consumers •Improving trust in markets •Promoting better competition in online markets •Supporting economic growth and productivity Financial Conduct Authority 2019/2020 priorities: •With...
13 May 2019 /inclusion
Shailendra Malik SVP - Tech Delivery (Enterprise Search) at DBS Bank
Introduction In the last 3 years, I have come across a lot of companies trying to build their data platforms. Unique approaches, aggressive architectures, and varied use cases underline the different features of each of the proposed solution. It is great to see, that industry is embracing the Big data age and even post big data evolutionary cycles...
10 May 2019 /devops
Bartlomiej Szymanski Business Consultant at Ailleron
Recently, customers have broad access to knowledge regarding banking products and services. However, when browsing a bank’s website, they often rely on support through remote channels i.e. chat, audio / voice or video. Incorporating virtual branch banking into digital customer journeys mitigates the risk of difficult navigation which can lead to cu...
29 April 2019 /retail
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