307 Results from 2023, /retail
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
1. Trust infrastructure As the benefits for building a global trust infrastructure are so massive (3-6% of GDP according to McKinsey), it is clear that governments will be strongly committed to drive the migration and that enterprises will start to see the enormous benefits they can achieve (as outlined in 5 major categories in Self-Sovereig...
26 January 2023 /payments /retail Digital Banking Trends
Nick Green Director at Purple Patch Broking Ltd
For Banking and Finance, adopting a multi-bureau credit data strategy is often dismissed as “too hard to switch”, “too expensive” or “not important enough”, but this is set to change. The FCA recently set out its interim findings from the credit information market study. The study found one of the key aspects of the market not working well is “sign...
24 January 2023 /regulation /retail Financial Services Regulation
Andrea Varga Head of Innovation at Aryza
With the UK economic forecast looking increasingly bleak, small and medium-sized businesses are facing some real challenges. Taking into account the current financial landscape, it’s perhaps no surprise that total company insolvencies in England and Wales in Q2 2022 reached the highest quarterly level since Q3 2009. For business lenders this has c...
24 January 2023 /retail /cloud Open Banking
Sridhar Ramamurthi Industry Advisor at TCS
In an earlier blog (titled: Being purpose-led: Considerations for Financial Services firms – What does it mean?), we explored what purpose-led means with a few examples. So far, the articulation of the (positive) impact of the aforementioned (earlier blog) financial service instances has been largely qualitative and subjective, making inferences a...
24 January 2023 /wealth /retail Finextra site news
Jose Pierre CEO at Marketware International, Inc.
The world of wealth management is evolving rapidly in response to the changing landscape of technology and investment strategy. As artificial intelligence (AI) technology becomes more powerful and sophisticated, its use in the wealth management space is steadily increasing. As AI technology continues to expand its capabilities and is integrated in...
19 January 2023 /wealth /retail Artificial Intelligence and Financial Services
Farouk Ferchichi Group President, Envestnet Data and Analytics at Envestnet
The CFPB paved the way for open banking rulemaking. Now is the time to expand on it. This year at Money 20/20, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra laid out plans to finalize open banking rulemaking, bringing the U.S. closer than ever before to developing an open banking ecosystem. If all goes according to plan, the CF...
19 January 2023 /wealth /retail Open Banking
Being purpose-led and ecosystem-driven is fundamentally transforming the way institutions in the financial sector function. But it is easier said and declared than done. Using six selective examples of recent innovative offerings, we explore what the shift means for financial institutions, the challenges they face and key considerations in becomin...
19 January 2023 /wealth /retail Finextra site news
Anoop Melethil Head of Marketing at Maveric Systems
In the new banking world order, Neobanks continue their impressive march northwards. With Brazil reporting 43% adults with digital-only bank account, India at 26%, Ireland at 22%, Singapore at 21%, Hong Kong at 20%, and UAE at 19% (online bank adoption survey by Finder), the transaction value for Neobanks worldwide is expected to level out at $ ...
18 January 2023 /retail /startups Digital Banking Trends
Richard Kalas Client Solutions Director for Retail Banking at GFT Group
It’s safe to say the economic challenges facing banking customers have only been exacerbated in recent weeks and months. The UK has officially entered recession, the cold winter months have meant the cost of energy is squeezing household finances more than ever and wider cost-of-living challenges continue to impact consumer spending. As a result o...
16 January 2023 /retail
Barley Laing UK Managing Director at Melissa
With inflation hovering at around ten per cent, triggered largely by the growth in energy prices due to the conflict in Ukraine, costs for many financial institutions are spiralling at a rapid rate. It’s leaving many worried about remaining competitive in the future as they contemplate price rises for products and services. Those in financial ser...
16 January 2023 /retail /identity Digital Identity Management
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