3676 Results from /retail
Martin Bailey Technology Product Director at Temenos
Some things are very easy to put a value on such as a loaf of bread or a pint of milk. Services are harder to value and prices can vary wildly especially in different geographies. How much should we pay for financial services? I am lucky enough to live in the UK where free retail banking is de rigueur. For the most part, unless you want to dip into...
30 July 2012 /retail Transaction Banking
Retired Member
Asda is the latest supermarket to follow the trend and raise its profile in the personal finance sector. The UK supermarket giant recently announced its new brand, Asda Money, which offers its millions of customers an unlimited cashback credit card. This move follows a spate of supermarket and financial service provider collaborations, such as Mar...
27 July 2012 /payments /retail
Hans Tesselaar Executive Director at BIAN
The past couple of years have proven to be a testing time for retail banks. Not only is customer trust and loyalty at an all time low, but the ecosystem itself is changing. Traditional banking practices are being questioned, with the regulators leading the charge. New regulatory demands, while necessary for the rebuild of the banking industry, p...
24 July 2012 /retail
So finally the dam has broken and we have a new substantial national contender in High Street banking with the Co-operative winning the prize of 600-plus Lloyds TSB branches. Or do we? To paraphrase, this is only the start of the beginning for the “new” bank and not yet the beginning of the end. Reports suggest that the Co-operative Bank has had ...
20 July 2012 /retail
Competition for high net worth (HNW) clients is pushing banks to innovate around new product offerings. A huge influx of wealth & private banking businesses has sprung up in the region, focusing on the wealth that is being generated domestically. This is typically new money, first generation wealth and therein lays the challenge for establishe...
20 July 2012 /retail Innovation in Financial Services
According to research released a few months ago by Infosys and Ovum, around three quarters of European banks are using outdated core systems. Given the great costs associated with core system renewal, this will come as no surprise to banking IT professionals. We should, however, be concerned at the survey's findings that suggest these systems are ...
12 July 2012 /retail
A French friend of mine recently boasted about his "ultra-secure" credit card issued by his local bank - that card required SMS-based authorization of every transaction. There is nothing secure about SMS-based systems (SMS forwarding attacks were first reported six years ago), but that's not the point. I got my iPad out and in less than ...
11 July 2012 /retail Innovation in Financial Services
Core banking systems were built for a slower technological pace, where code changes were rare and stability and security were paramount. Now, legacy core banking systems are an impediment to innovation. In today's faster moving world, banks have to meet the changing risk appetites and product bundling profiles of a wired generation that has grown ...
09 July 2012 /retail /wholesale Innovation in Financial Services
Viewing a balance is by far the number one transaction conducted in Mobile banking. Eighty per cent of the time it is the only activity done by a customer after they login. That’s right. Eight out of ten times a customer logs in; they view their balance and log right back out. The other 20 per cent of activity is made up of viewing transaction...
08 July 2012 /retail Innovation in Financial Services
Nikhil Mittal Financial Crimes Consultant at Wells Fargo
In one of my recent interaction with cluster and branch heads of India's top three private national banks, a startling fact emerged that the majority emphasis is purely on selling the maximum possible retail portfolio to the customer with the underlying mandate of growing as much CASA as possible. The instructions are to beg-borrow-steal as much C...
02 July 2012 /retail
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.