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.
Huzefa Cutlerywala Director, System Implementations at Fiserv
The first bank to introduce ATM was Barclays in UK some five decades back. In last 50 years, the Retail Banking industry across the globe embraced it as must to have cash dispensing outlet with more than 3 million ATMs operating as of date. Because cash remains a crucial part of most people’s day-to-day lives even today, ATMs are considered to be...
10 April 2019 /retail
Nancy Weir Industry Principal at Pegasystems
A long, long time ago…. well, actually not so long ago, in the land of KYC, the customer was at the end of the food chain in the eyes of those operating in the KYC space, the Compliance and Back Office staff charged with preparing and approving the KYC due diligence cases. “A necessary step to getting the work done” or “the reason for not complet...
09 April 2019 /regulation
Barley Laing UK Managing Director at Melissa
Recent research points to an increase in financial crime as criminals take advantage of access to billions of compromised data records for sophisticated application fraud attacks targeted at financial institutions. The research we carried out with the AITE Group in 2018 found that 13 billion data records were stolen or lost in the US since 2013, wh...
08 April 2019 /regulation
Retired Member
Looking across the complexity of Trade Finance the notion of a problem child description comes to mind from another era. Today our methodologies are starting to become agile. With the abundance of technology we can link activities, end to end, across the parties involved in every trade. The arrival of standard APIs, used locally, can accelerate t...
08 April 2019
The rapidly expanding realm of artificial intelligence (AI) presents a powerful tool for meeting the requirements of regulatory oversight. But like any powerful tool, using it incorrectly can lead to disaster. I have seen firms allocate large budgets to onboard extremely advanced technology to solve a particular challenge, but their efforts are no...
05 April 2019 /ai /regulation
Pooja Golakonda Lead Consultant at Edgeverve
I vaguely remember reading about classification as living and non-living things in my childhood days, but now with IOT, we can visualize redefining them, and comfortably say, I can have a chair that communicates, shoes that connect to a network, door lock that can sense me walking close by. This technology enables the things around you to sense, c...
05 April 2019
Across the globe, banks are facing major issue with digital banking, cyber security, regulatory audit and compliance issues. Further, any lapses found during internal / external or regulatory audit of the bank would lead to regulatory fines levied based on the issues ascertained. The reputation of Bank is founded on trust from its employees, clie...
03 April 2019 /ai /retail
Continuing my blog series looking at Accenture’s 2019 banking trends, this time I’m exploring how improved adoption of cloud and data analytics will enable banks to raise the bar in the way they deliver retail financial advice. We’ve seen some exciting advancements in banking over the past few years with regard to digital assistants. With many ban...
02 April 2019 /retail
It’s no longer enough to have well-situated branches with helpful, friendly staff. Technology has made building your brand more complicated - and potentially more profitable. But leveraging that new opportunity also comes with challenges since it has brought new competitors into the sector - fintechs, neo banks, etc. And you can’t build out a tech ...
29 March 2019
Across the globe, banks are adopting to new technology for secured Banking in payments area. As Corporate Banks / Financial Institutions seeks to have safe and secured network to perform remittance transactions. Blockchain network have the capabilities to meet the technology demands of bank and Financial Institutions with secured network and enab...
28 March 2019
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.