Community
Banks can’t predict user behavior with absolute certainty, but they can help frame their financial decisions by understanding how choices are made, and designing solutions around them. This group is for all things behavioral economics in the banking industry.
As the owner, you will also give up ownership if you leave this group.
Alex Kreger Founder & CEO at UXDA
Most people can remember a situation in their lives in which they experienced a huge amount of stress when dealing with money. Whether it was a bad encounter with online banking, a struggle when planning a budget or keeping track of spending, the majority of us can relate. But, how often do we wonder about how these situations can impact our lives...
25 March 2024 /people /retail
Luigi Wewege President at Caye International Bank
There are many reasons for establishing and growing offshore bank accounts. For some, the goal is to set aside resources for retirement. Others may have other plans, like funding their children's continuing education. Opting to set up offshore banking and investment accounts provides the ideal platform for this savings goal. You may even find it a ...
04 July 2022 /wealth /markets
Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
One recent trend that I have noticed, is the increasing use of Nudges in fintech & digital solutions. Nudges are very powerful, as they subtly guide users and prompt them towards action / transaction. They can also be used smartly to guide users through a journey / flow, making it less frictionless and error free. Nudges need to be contextual ...
23 December 2021 /people /retail
Achin Puri Co-founder and CEO at Catalyyze
When it comes to saving money, it doesn’t matter whether you are rich, poor or whatever economic class you belong to. Besides being the crucial thing for an economically backward class to save money for their food, clothing and shelter, it is also a necessary activity that needs to be cultivated by the economically stronger section. There is no gu...
28 August 2020 /wealth /inclusion
Retired Member
Let us begin with the current state. The consumer credit industry is flourishing, with a variety of players such as banks, niche banks, and sales financing companies ("buy now pay later") growing, this applies to both the absolute number of loans given and the average size of these loans. In a report from the Swedish FSA, unsecured cons...
29 April 2020 /retail /covid-19
Marcus Martinez Industry Advisor, Worldwide FSI at Microsoft
It’s a generally accepted concept that all physical materials decay over time. Rocks, food, metal, bones, etc… all of these things become weaker or decompose gradually, at different speeds. Scientists call this natural process “half-life”; a concept that can be applied to any area where the quantity or strength of something decreases over time. Th...
07 January 2020
Not for profit banking is a way of lending money that is not like traditional bank lending. Unlike how the local banks work, this form of banking comes from money that has been collected by the community. This would mean that select people of the neighborhood will have control or say-so of who is able to be lent some money. This has actually been ...
26 August 2019 /inclusion
Domile And Sustainable Finance, Impact Investing at Cyan Reef
Retail investors face long odds in the capital markets against well-informed, sophisticated, and specialised financial institutions. Based on the analysis performed by finance magnates it appears that 70 to 80 percent of retail clients are losing and that is the norm. There is very little that brokerage companies can do to stop their clients from ...
21 June 2019
Mike O'Keeffe General manager at Corlytics
The financial system has now recognised that global warming is a financial stability risk According to the World Meteorological Organization, record greenhouse gas levels are driving temperatures to "increasingly dangerous levels". The implications of this on people, business and society are far reaching, and financial services instituti...
07 June 2019
The password management service SplashData made a splash this past December when it posted its list of the 25 worst passwords of 2018. For the fifth year in a row, “123456” and “password” ranked first and second respectively. Around 3% of Internet users in North America and Western Europe used “123456” in 2018, based on five million hacked passwor...
26 February 2019 /ai
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