162 Results from 2018, /retail
Yogesh Mantri GM at IT services & business solutions provider
Yogesh: “Hey Siri, can you create a savings account, transfer 100 Bitcoins from my wallet to the account”. Siri: “Hi Yogesh, sure, let me do it right away.” After 30 sec…. Siri: ”Hi Yogesh, Savings account created in Yogi Bank. Your account no is YXM007, anything else you want me to do?” Yogesh: “That was quick, great, Thanks a lot Siri” Siri: “Alw...
14 April 2018 /retail Digital Banking Trends
Retired Member
Open Banking has been the topic du jour for some time and one aspect that comes up again and again is that of marketplaces. The theory goes that big banks, keenly aware of the threat of disintermediation, will partner with Trusted Third Parties to offer a whole raft of services that are of benefit to their customers. These third parties - assumed ...
13 April 2018 /retail
Matthew Phillips Head of Banking, UK and Ireland at Diebold Nixdorf
What's more important – the payment method or having a choice of how to pay? For me the choice is important and how I pay will often be dictated by the transaction type. I regularly use cash, and it seems I'm not alone as our love affair with cash continues and physical notes retain a welcome place in our wallets. Even with the growing popularity ...
12 April 2018 /payments /retail
The term "Digital" is not just a buzzword in today’s business lexicon, it is suggestive of a New Economy riding the digital computing wave of technologies transforming processes, transactions, operations and business models. In financial services we should expect digitalisation to revolutionise banking. But, what could the next-generatio...
11 April 2018 /retail Digital Banking Trends
David Donovan Executive Vice President at Publicis.Sapient
Seventy percent of all legacy applications in large corporations still leverage COBOL, according to recent study by Information Week. What’s more, many core applications within financial services continue to run on mainframes (e.g., AS/400s). Applications that were “modernized” in the 1990s used proprietary systems like Powerbuilder, where the pr...
06 April 2018 /retail Fintech
Willem Lambrechts Managing Director at Drebbel
Financial news in Flanders : clients of Argenta bank are unable to use their banking app or the online banking portal after a software upgrade. The problem did not last for a couple of minutes (which would have been quite bad) , no it has been going on for days. Can you imagine? The explications given by their CEO in today's Flemish financial news...
04 April 2018 /retail Innovation in Financial Services
Last year, retail banks increasingly debated how they would cope in a post-Payments Service Directive II (PSD2) world. The directive (which came into force on 13th January 2018 in the UK) is shaking up the financial industry, as high street banks look set to go head to head with tech giants and FinTech start-ups. In a move designed to create a mor...
03 April 2018 /retail
Uma Pasupathy Lead Consultant at Edgeverve
On an average, a financial literate person has a minimum of two banking accounts. Now, that bank which caters to most of the banking needs of the customer reaps greater business benefits. Customer retention and also acquisition of new business is guaranteed when a bank ensures that its customers have their banking accounts as primary banking accou...
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
As soon as my daughter was born, I opened a bank account in her name. As a minor, her account was held jointly in her parents' name all these years. My daughter turned 18 recently. I went to the bank to change the account status to "major" and apply for a credit card in her name. This is what happened. Majority My daughter and I had to ma...
01 April 2018 /retail
Mark Cresswell CEO at LzLabs
The Challenge for Traditional Banks The challenge for many financial organisations, when enhancing digital services, is that the well-established portion of the financial industry, much like the global public sector, remains awash with legacy systems born during the first financial tech revolution of the 1960s and 1970s. These systems continue to ...
22 March 2018 /retail Open Banking
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