307 Results from 2023, /retail
James Barker CEO at HIVE
How many of us bank with one of the incumbent mega-banks as our primary account? I’d wager the answer is ‘yes’ for most of us. But how solid are these relationships? Is our loyalty to these institutions as solid as oak? I can only answer on behalf of myself, but that loyalty is being tested - badly. I feel like a man that’s been driving his trusty ...
07 November 2023 /retail Banking
Alex Kreger Founder & CEO at UXDA
Knowing Elon Musk's large-scale approach, his intention to turn X into a bank could have disruptive consequences for the banking industry. However, the conflict between the existing UX patterns of a social network and the implementation of financial functions can complicate the transformation. Back on Track with X A few days ago, Elon Musk announc...
07 November 2023 /retail /markets Disruption in Retail Banking
Joris Lochy Product Manager at Intix | Co-founder at Capilever
When discussing the dynamic world of Fintech, particularly in the context of neo-banks and payment Fintechs, licenses play a crucial role. This regulatory aspect, while less glamorous than cutting-edge user experiences, is a fundamental component of the Fintech ecosystem. Unfortunately, it often does not receive the attention it deserves in Fintec...
02 November 2023 /regulation /retail Banking Regulations
Ben Rattue Manager - Product Partnerships & Propositions at Token.io
If the sessions and discussions at Open Banking Expo UK and Europe on 18-19 October were anything to go by, then Variable Recurring Payments (VRPs) are generating plenty of interest and excitement across the ecosystem, including among merchants, payment services providers (PSPs) and banks. The reason for the hype is because VRPs deliver better out...
02 November 2023 /payments /retail Open Banking
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
People regularly complain that it's very hard to decipher bills and statements from banks. Rant from Quora: Why are the description info on Bank Account Statements so confusing? We cannot find what is the debit for and from whom the payment / transfer has come in. End of the month when you see the statement we have to break our heads to decipher t...
31 October 2023 /payments /retail
Shawn Conahan Chief Revenue Officer at Wildfire Systems, Inc.
Competition among Financial Institutions (FIs) for valuable customers has heated up of late. A slew of challenger banks and other fintechs have taken market share away from once-solid banks, while a shift away from the branch banking model has pushed more consumers online, where new and innovative approaches to customer engagement have made custom...
31 October 2023 /retail Fintech innovation and startups
Retired Member
As consumer financial health in the U.S. deteriorates at a rapid pace, banks and credit unions have an opportunity to do so much more than simply holding customer money. More than ever, financial institutions (FIs) need to engage customers and members with comprehensive and targeted services that actually help them grow their wealth and improve t...
26 October 2023 /retail
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
How has PSD2 affected the market, and will PSD3 be the answer to major problems in the industry? The evolution of PSD2 should certainly be on the minds of those in the finance industry. In a recent survey conducted by the Thales Group, it was found that 38% of users would consider switching their bank if another provider offered better rates or se...
25 October 2023 /payments /retail Banking Strategy, Digital and Transformation
Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank
In recent times, large language models (LLMs) have revolutionized the field of natural language processing, demonstrating impressive capabilities in understanding and generating human-like text. However, when it comes to sensitive and complex operations like those within the banking sector, there are valid concerns about relying on LLMs for the ex...
25 October 2023 /retail /wholesale Post-Trade Forum
As the usage of physical cash diminishes and digital consumption skyrockets, traditional banks are undergoing a seismic shift to adapt to changing customer preferences. Digital transformation is reshaping industries and consumer behaviors, and the banking sector stands at a crossroads, poised to redefine our financial experiences in unprecedented ...
24 October 2023 /retail /cloud Disruption in Retail Banking
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