94 Results
Andrew Beatty Head of Wealth, Retirement & International at FIS
It’s Also About People, Culture and How Work Gets Done Almost daily we read about digital transformation and how banking has become a technology business. But technology is only part of the story. As Jeanne W. Ross of MIT Sloan’s Center for Information Systems Research says, “Clearly, the thing that’s transforming is not the technology – it’s the t...
05 August 2021 /retail /wholesale Banking Strategy, Digital and Transformation
My previous blog charted the rise and decline of checking accounts. This blog considers how smart banks can repurpose them for the modern age as transactional accounts. This requires more than a name change – it needs investment in technology to elevate the role of this account as a crucial and integral customer touchpoint. Let’s explore how tech...
22 July 2021 /people /retail Banking Strategy, Digital and Transformation
Long Live Transactional Accounts! Will checking accounts go the same way as physical checks? With an annual decline of ~20% it’s probably safe to say that the check’s days are numbered. But still, for most people, the checking account remains a critical staging post for funds that are destined for other purposes. This blog considers the evolution ...
08 July 2021 /retail /predictions Banking Strategy, Digital and Transformation
My previous blog explored the lexicon of Bitcoin, blockchain and distributed ledger technology (DLT). As Julie Sweet, CEO of Accenture, suggests: “Blockchain is moving beyond cryptocurrency, and it's worth paying attention – especially since successful prototypes show that blockchain, also known as distributed ledger technology, will be transforma...
17 June 2021 /retail /wholesale Banking Strategy, Digital and Transformation
Distributed Ledger Technology (DLT) may be the next phase of the digital revolution. Tech entrepreneur Rick Falkvinge boldly predicts that “Bitcoin will do to banks what email did to the postal industry.” There’s keen interest in cryptocurrency, and banks need to plan whether and to what extent they will participate. Confusion often surrounds the ...
03 June 2021 /retail /crypto Blockchain in Banking and Financial Services
Digitalization holds the promise of reshaping the management of treasury, with the power and potential to redefine and advance the role of treasury managers. This blog considers how automation frees treasurers from the burden of the mundane so they can contribute more to their business’ strategy and improved bottom line, and how banks can help the...
20 May 2021 /wholesale /predictions Banking Strategy, Digital and Transformation
Playing Catch-up With Retail? Open banking is more akin to a journey than a destination. Almost all retail banks have a roadmap for modernization, and many are making good progress, with innovative solutions that increase customer convenience and reduce friction. Unfortunately many commercial banks are lagging behind, possibly because the incentiv...
06 May 2021 /wholesale /predictions Banking Strategy, Digital and Transformation
Why Commercial Lending Must be Digital and Real-Time When the Internet age arrived, banks became known for using leading-edge technology to solve complex business challenges. In the decades since, they have tried to keep pace, with varying degrees of success – but many are now coming up short. Retail banking is falling behind other sectors in the ...
22 April 2021 /wholesale /predictions Banking Strategy, Digital and Transformation
Digital transformation isn’t only about retail banking. Commercial banks also need to transform. Let’s face it, most of the conversation about digital banking transformation is dominated by retail. Perhaps that’s because retail banking is generally more familiar. Almost everyone knows something about retail banking, and it’s easy to compare a digit...
08 April 2021 /wholesale /predictions Banking Strategy, Digital and Transformation
In a financial world that’s increasingly open and subject to ever-emerging competition, there’s a compelling case to be made for the importance of “ecosystem” participation and collaboration. This blog explores how digital lending empowers banks to improve the customer experience and enter new and more diverse markets through partnership. Success ...
25 March 2021 /retail /predictions Banking Strategy, Digital and Transformation
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