3691 Results from /retail
Steve Morgan Banking Industry Market Lead at Pegasystems
In 2017, the UK introduced open banking, a concept born from an initiative by the Competition and Markets Authority (CMA) aimed at improving retail banking. The CMA required the nine largest retail banks in the country to open up customer data sharing through secure data portals. As of September 2024, this initiative achieved a significant milesto...
30 September 2024 /payments /retail Open Banking
Nick Green Director at Purple Patch Broking Ltd
Many financial institutions shy away from multi-bureau strategies, fearing complexity and cost. What if we told you that not only is a multi-bureau approach achievable, but it can also significantly enhance your AI model performance while potentially reducing costs? In this post, we'll show you how to maximise your AI's potential with multi-bur
26 September 2024 /ai /retail Banking and Lending Solutions
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
I have a long experience of driving (some say nagging about...) implementing digital standards based competition driving infrastructures. It started in the early 80s with payments in e-banking, followed by all other traditional banking services, then in the 90s with interconnecting customers with e-id- e-signing, e-invoicing and e-salary services....
26 September 2024 /retail /identity Innovation in Financial Services
Jelle Van Schaick Head of Marketing at Intergiro
Fintech start-ups are uniquely positioned to disrupt traditional banking but face significant challenges, from regulatory hurdles to competition with established institutions. To succeed, they must move quickly, launch quickly, and adapt to ever-evolving customer needs. But how can start-ups validate their product ideas early on to ensure they mee...
25 September 2024 /retail /startups Embedded Finance
Jakub Piotrowski VP of Product at Bud Financial
Legacy structures as an AI opportunity Having overcome numerous challenges, digital retail banking is in its best-ever state. Online banking, instant transfers, quick onboarding and a variety of products make banking more convenient and accessible than ever before. However, if we dig deeper, we’ll likely discover that underneath the layer of moder...
24 September 2024 /ai /retail Artificial Intelligence and Financial Services
Just because your firm can use your existing data for AI risk modelling doesn’t mean you should. There’s a perception that AI can create accurate predictions based on any data set. That’s not always the case. AI models are only as good as the data they're fed. Quality data is key to effective AI risk modelling. Without it, even the most sophistic
24 September 2024 /ai /retail Banking
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
As the digital payments landscape rapidly evolves, user experience (UX) design has become a crucial factor in differentiating financial institutions. Customers now expect seamless, intuitive, and personalized experiences that not only simplify transactions but also provide value through insights and ease of use. In this article, we explore key UX
23 September 2024 /payments /retail Innovation in Financial Services
Eric Bierry CEO at SBS
Digital transformation has become a top priority for banks in recent years as they've looked to capitalize on new streams of revenue, customer experiences and market expansion. As part of this, over 90% of banks have started the process of moving away from legacy systems to more flexible and modern cloud-based infrastructures. With these projects ...
23 September 2024 /retail /cloud Banking Strategy, Digital and Transformation
Karol Andruszków CEO at Ulan Software
In my conversations with traditional banks, it's common to hear about their efforts to tailor solutions for specific target groups - doctors, lawyers, programmers, and other professionals with relatively stable income streams. However, one key segment that often seems overlooked in these discussions is the gig worker. This is a critical oversigh...
23 September 2024 /retail /predictions
Lissele Pratt Co-founder at Capitalixe
SWIFT handles +44 million transfers, also called encrypted messages, daily. It is the most used system to transfer funds globally. Whether you're a finance professional or simply someone who occasionally sends money abroad, understanding SWIFT codes is important. In this article, you can explore the ins and outs of SWIFT codes, how to fin
23 September 2024 /payments /retail Banking
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