244 Results from 2022, /retail
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Banking in Finland was hit very hard by an economic recession of unseen proportions in the early 90s. One unfortunate aspect was that local banks before that had hastily been deregulated and massed into commercial lending without the needed experience. This might still have been manageable - but the unrealistic attempts to keep the Finnish Markka ...
31 December 2022 /payments /retail Innovation in Financial Services
Especially in the Nordea Bank stage we started to think that the then 4 million strong e-Banking user habit and trust should be reused for other interaction purposes than traditional payments and other banking services. With 10 million private and 1 million corporate customers there must be an enormous customer and societal value in interacting al...
29 December 2022 /retail /identity Banking Strategy, Digital and Transformation
So once we in the early 80s saw how customers - with delight - started to use e-banking for bill payments and balance checking, we started to ponder what other services could be built on the economy of trust and economy of habit created. Adding economy of scope (buy more in one-stop shopping) and economy of repetion (learn once - use for more servi...
28 December 2022 /wealth /retail Banking Strategy, Digital and Transformation
Retired Member
Projects sometimes fail. But when there are lots of headline collapses in a short period, it’s time to look for patterns. Was it all hanky panky or was there a more legitimate reason for failure? In this exploratory piece, I unpack five projects in the distributed ledger technology (DLT), more specifically, the blockchain space whose collapse made ...
27 December 2022 /retail /crypto Blockchain in Banking and Financial Services
Why should I jot down some notes from my digitalisation and leadership journey? Because I think that this experience from innovation ladders (one thing leads to another - and eventually to a new level - base for the next ladders) and engaging people for good-for-society-at-large actions (start with WHY - a purpose) can still be useful. It started
27 December 2022 /payments /retail Banking Strategy, Digital and Transformation
Joris Lochy Product Manager at Intix | Co-founder at Capilever
In Retail banking most account flows are relatively easy, as usually there is only 1 account holder and in the rare case there are multiple account holders each account holder has full access rights to the account. This contrary to business banking, where much more complex mandate rules are in place. Unfortunately this simplicity in Retail banking,...
26 December 2022 /people /retail Banking and Lending Solutions
Dhanasekar P Cloud Architect at TCS
Most industries have migrated applications and data to cloud to stay competitive in the market, revamp current IT landscape, create innovative products & services, increase revenue generation, reduce infrastructure capital, consolidate, and monetize enterprise data through advanced analytics capabilities. Financial services industry is relativ...
22 December 2022 /retail /cloud Digital Banking
Dmitry Dolgorukov CEO at GiniMachine
The past couple of years have been marked by uncertainty both in the financial industry and beyond, with a shift toward remote working, digital-first strategies and a growing e-commerce industry—increasing from $3.46 trillion in 2019 to $5.7 trillion in 2022. For lending organizations, this means that the way business is conducted has changed sign...
22 December 2022 /retail /markets Innovation in Financial Services
Maria Schuld Head of Regional and Community Banking at FIS
Getting to common ground According to the Oxford dictionary, sustainability is: The avoidance of the depletion of natural resources in order to maintain an ecological balance. This definition often takes the form of strategies within organizations and businesses looking to make a greener, better world as they communicate to stakeholders their sense...
19 December 2022 /retail /sustainable Banking Strategy, Digital and Transformation
Nick Green Director at Purple Patch Broking Ltd
Today, consumers can easily apply for credit online through innovative credit solutions like buy now pay later (BNPL). But consumers need to know what they are signing up for and how much they eventually have to repay. This is what’s sparked regulatory reviews. To bring more clarity to consumer credit, the Council and European Parliament have re...
16 December 2022 /regulation /retail Fintech
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