179 Results from 2017, /retail
Sameer Singh Jaini CEO at www.TheDigitalFifth.com
Fintechs have started collaborating with banks across multiple areas and have begun helping the bank in building innovative products / services. This collaboration is happening across lending, deposits, payments (UPI leads the way), investments etc. This new relationship amongst Banks and Fintechs is creating immense pressure on bank’s internal sys...
24 May 2017 /retail Fintech innovation and startups
Retired Member
The reality for many banks is that data lakes are becoming data swamps, with business users unable to access the large volumes of machine-generated, clickstream, and externally generated data that lives amongst their depths. Regardless of their good intentions, data lakes have become bottlenecks at most banks simply because it’s too difficult for b...
23 May 2017 /retail Data Management 101
It’s no secret that the vehicle finance industry is continuing to grow; in fact, in terms of lending, vehicle finance is second only to the mortgage market. It’s the scale of the growth that has taken many analysts by surprise – growing from an estimated £32.7 billion in 2014, to over £41 billion in 2016. Despite the colossal growth, the process b...
22 May 2017 /retail Fintech
“In many ways, we see ourselves as a technology company with a banking license.” Michael Corbat, Citibank CEO Consulting firms over last two decades have guided Banks to “Outsource Technology to Technology Providers”. This has helped the banks in focusing on their core competency, which is “Banking”. Based on this approach, technology teams within ...
22 May 2017 /retail Finextra site news
There was once a time when the mobile smartphone market was dominated by BlackBerry handsets. In recent years BlackBerry’s sales have plummeted and it seems unlikely they will ever regain the level of dominance and market share they once enjoyed. The company has been eclipsed by the likes of Apple, Samsung and Google’s Android who disrupted the mar...
18 May 2017 /retail
David Donovan Executive Vice President at Publicis.Sapient
“Rolling in my Uber, that's just how I use my time” – Travis Scott, Uber Everywhere Remix. Welcome to the world where hip hop artists talk about companies created in the digital economy powered by application program interface (API), a term once buried deep in the lexicon of software programmers and tech geeks. APIs have enabled an ecosystem for c...
17 May 2017 /retail Digital Banking Trends
Stacey Small Business Development at The Glue
Digital transformation in finanial services is frought with challenges. Forget all of the technology headaches and look closer to home. An enlightened CEO is the first step on the journey. Digital Transformation is no longer a pipedream, it's one of today's top imperatives. if you want to compete effectively in a financial services industry awash w...
12 May 2017 /retail Digital Banking Trends
The banking sector simply isn't lending. And when they are, lending to the wrong businesses. Access to finance continues to be a significant concern for small to medium sized enterprises (SMEs) compared with large enterprises. More SMEs experience issues with bank loan financing compared with corporates. This is worrying considering for two reason...
11 May 2017 /retail /startups Fintech innovation and startups
As open APIs begin to shape a new banking landscape, banks’ immediate focus should be on improving core differentiating services, taking advantage of their access to infrastructures and networks. The introduction of open banking APIs in the U.K. in less than a year raises the possibility of separating the banking market into two distinct parts: a p...
10 May 2017 /retail
Trying to predict what the bank of the future will look like is an almost impossible task as there is no definitive single answer. What can be said with some degree of certainty is that there is a revolution taking place within financial services. The expectation of customers are rapidly changing as a result of technology; this naturally is now hav...
09 May 2017 /retail
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