3830 Results from /retail
Retired Member
We’ve all heard the joke about the tortoise who goes into the police station to report that he’s been mugged by a gang of snails. “Calm down and tell me everything,” says the policeman and the tortoise replies, “I’m sorry – it all happened so fast!” So it appeared with HMV recently. Once a stalwart of the high street, HMV was the Saturday shopping ...
07 May 2013 /retail Disruption in Retail Banking
Olivier Berthier CEO at Moneythor
The adoption of Personal Finance Management (PFM) tools is widely reported as being subpar. Most of the data on the subject is US-based so far. Analysts from Celent said some time ago that only 3.8% of all online banking users are active users of PFM solutions, the Federal Reserve said in a 2012 report that 21% of consumers currently use a PFM t...
06 May 2013 /retail Online Banking
With toddlers becoming so addicted to iPads that they need therapy and remote workers now carrying an average of 3.5 mobile devices per person, it is not surprising that IT giant, Cisco, recently found customers are placing more and more trust in virtual banking. However, with the majority of online banking still being done on desktop PCs and lap...
30 April 2013 /retail
Reghunathan Sukumara Pillai Consultant at Infosys
The idea of a world ruled by machines has inspired many a work of science fiction. That’s just one manifestation of man’s machine fascination. Another – which is both more real and meaningful – is the increasing device dependence of each generation. The advent of computers has further accelerated this process and it is, today, impossible to think ...
19 April 2013 /retail
Jim Marous Publisher at The Financial Brand
Much of the noise in the US is around the concept of 'Too Big to Fail' (TBTF) at a time when there could be a larger issue on the horizon . . . 'Too Small to Succeed' (TSTS). With increasing regulatory capital requirements, declining interest margins, a greater need for investment in innovation and new competition, there are many in the industry wh...
17 April 2013 /regulation /retail Disruption in Retail Banking
Mukesh Gupta Director at SAP India Pvt ltd
Fifth Third Bank and NextJob came together to address a challenge faced by most retail banks - Mortgage defaults. According to the press release from the company, Steven Alonso, executive vice president and head of Fifth Third Bancorp says - "Up to half of mortgage delinquencies are due to job loss. With NextJob, we immediately recognized an o...
17 April 2013 /retail Innovation in Financial Services
In my previous post we highlighted the opportunity that an increasingly prosperous Africa presents for fast moving consumer goods companies (FMCGs). This opportunity is particularly big for the brewing industry. Africa’s beer market is already relatively large - estimated to be $11bn annually -and is growing rapidly. With a favourable confluence o...
11 April 2013 /retail
Compliance and productivity in retail and investment banking. My colleague Robert Simpson was recently able to bring together a very interesting group of people, to discuss the regulatory environment for financial institutions operating both here and in the US. These included compliance leaders from financial institutions, analysts, broadcasters...
09 April 2013 /regulation /retail
Amit Agrawal NA at in transit
P Chidambaram’s budget (Indian Finance Minister) gave the biggest surprise in his Budget speech by announcing a public sector bank exclusive for women. Currently in India as per 2012 World Bank Study, only 26% of women in India have an account with a formal financial institution. It is known fact in India women are discriminated against the loan gi...
04 April 2013 /retail Financial Services Regulation
I have read several articles on the bank/issuer centric approach to the mobile wallet. Sometimes I read what these analysts say and I hang my head in disappointment. Some say the mobile wallet will never be more than an idea; others say they disintermediate banks; and then there are those who say we are on the brink of something really great (I re...
04 April 2013 /retail
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