411 Results from /cloud
Retired Member
It’s no secret that traditional financial service providers have fallen behind businesses in other industries when it comes to digital transformation. This is because these large cumbersome businesses have found it difficult to part with legacy ways of working. But, with challenger banks and changing customer expectations, the tables have turned. ...
05 November 2021 /retail /cloud
David Villaseca Global Head of CX, Marketing & Sales at Oracle Financial Services Group
According to The Business Research Company, the financial services market—encompassing everything from insurance and payments to lending and money management—is expected to reach $28.5 trillion by 2025. This growth results from companies rearranging their operations and recovering from the impacts of the COVID-19 pandemic. HR teams need to provide...
05 November 2021 /people /cloud Artificial Intelligence and Financial Services
One of the impacts of the Covid-19 pandemic has been the increased urgency with which firms approach digital transformation. These initiatives aim to improve customer satisfaction, retention and acquisition through the development of modern applications to increase agility for faster delivery of products and services. Modern application developmen...
29 October 2021 /cloud /devops Innovation in Financial Services
The term Banking-as-a-Service, or BaaS features regularly in today’s financial technology headlines. Each week we’re hearing about new initiatives from banks, fintechs and other ecosystem players. Momentum is clearly building, but key questions remain: who will be the winners in this landscape and how will they succeed in monetizing the opportunit...
28 October 2021 /cloud Banking Strategy, Digital and Transformation
Vivek Singh Business Leader at Tech Mahindra
A successful demonstration of instantaneous clearing and settlement of securities using distributed ledger technology (DLT) by a Canadian consortium of Payments Canada, the Bank of Canada, TMX Group and R3, a couple of years back indicated that "Atomic transactions" in bilateral mode could save upto 30% of processing cost and cut T+3...
28 October 2021 /wholesale /cloud Blockchain Observations
Paul Fermor UK Solutions Director at Software AG
It’s been almost four years since the Payment Services Directive Two (PSD2) took effect. This new Open Banking legislation was rooted in the belief that enabling consumers to share their banking data with other financial providers would drive competition and result in better deals and services. More than three years down the road, it’s debatable w...
27 October 2021 /retail /cloud Open Banking
Kanika Hope Chief Strategy Officer at Temenos
Transformation challenges The widespread uptake of disruptive new technologies is exacerbating the pressures facing retail banking today, thereby driving a fundamental change in the structure of the industry: the digital-driven disintermediation of the banking value chain. The COVID-19 pandemic has rapidly changed consumer mindsets and circumstanc...
25 October 2021 /retail /cloud Banking Strategy, Digital and Transformation
Joan McGowan Banking Industry Expert at SAS
What's BaaS? A flock of sheep or another annoying but potent banking acronym? BaaS is a way to modernize and grow the banking industry. It is about an open financial services ecosystem and the API orchestration for customer attention by banks and nonbanks. But the industry has yet to land on an authoritative definition of what it is, so I cobbled ...
18 October 2021 /retail /cloud Analytics in Banking
It is safe to say that fintech technologies have been drastically impacted by open-source tech. A study from Research and Markets suggests that the open-source service market is set to grow by 24 percent by 2025, compounded by the adoption of the technology by larger institutions. Yet despite the rapid spike in growth, financial services and banki...
18 October 2021 /cloud /markets Banking Strategy, Digital and Transformation
René Schoenauer Director of EMEA Product Marketing at Guidewire Software
The enduring theme of conversation since the beginning of the COVID pandemic has been change. For the insurance industry, this has meant grappling with significant disruption as risk profiles were completely tipped on their heads. Since its inception, the insurance industry’s great skill has been understanding how to turn the risk data available t...
15 October 2021 /cloud /covid-19 Digital Insurance Trends
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