Andrew Beatty Head of Wealth, Retirement & International at FIS
There’s a familiar adage, “If it ain’t broke don’t fix it.” While its origins are unclear, it’s essentially a great excuse for doing nothing. A stark reality is that many banks run on platforms that are older than most of their employees. Why? Because they do work. However, as management guru Peter Drucker proclaims, “If you want something new, yo...
01 October 2020 /people /retail Banking Strategy, Digital and Transformation
This post has been removed by the author. Please enjoy my other blogs.
17 September 2020
When I need to take a break from being immersed in the business of banking, I like to watch movies. And since the pandemic lockdown, I’ve watched quite a few. Along the way I’ve come to realize that life does indeed imitate art, sometimes in surprising ways. In this blog I’ll take a light-hearted look at drawing parallels between famous movie quot...
03 September 2020 /retail /cloud Banking Strategy, Digital and Transformation
Charles Darwin’s theory suggests that it is not the strongest of the species that survives, nor the most intelligent, it is the one that is most adaptable to change. As the world races towards digital banking, we consider why banks need help to adapt to a digital future. Technology is redefining what’s possible across all sectors. For the most pa...
20 August 2020 /people /retail Banking Strategy, Digital and Transformation
“Every generation needs a new revolution,” Thomas Jefferson Digital banks are popping up everywhere. Many of these upstarts are the offspring of grown-up banks that may be careworn and lacking in agility. How will the older and wiser cohabit with such youthful exuberance? In this blog we consider how to close this “banking generation gap” befor
06 August 2020 /retail /covid-19 Banking Strategy, Digital and Transformation
“The limits of my language mean the limits of my world,” said noted philosopher Ludwig Wittgenstein. He understood that any language contains walls, and that speaking a language restricts your thought and mind to a specific format. In this blog we consider whether banking is limited by its own lexicon. The Inuits are said to have 50 words for snow...
30 July 2020 /payments /retail Banking Strategy, Digital and Transformation
There is no more business as usual. Even before the sweeping changes brought about by the pandemic, global banking and payments were already experiencing unmatched upheaval – and that pace of change is now accelerating. Digitalization redefines what’s possible in the banking industry. On the supply side, boundaries between channels and services ar...
16 July 2020 /payments /retail Banking Strategy, Digital and Transformation
Banking and payments are no longer limited to banks, and it’s a transformation that’s only just begun. People want banking integrated into their daily lives and payment services that eliminate friction. In this blog we take a look at what banks need to do to adapt. Almost all bank systems and processes are firmly rooted in the past, reflections of...
09 July 2020 /payments /retail Banking Strategy, Digital and Transformation
Noted author GK Chesterton once wrote, “There are no rules of architecture for a castle in the clouds.” He penned those words nearly a century ago, but they still ring true when talking about today’s modern cloud technology and cloud computing. These days many banks are looking to the cloud for answers – and rightly so. The current economic whirlwi...
25 June 2020 /retail /cloud Banking Strategy, Digital and Transformation
According to George Westerman, research scientist with the MIT Sloan Initiative on the Digital Economy: “When digital transformation is done right, it’s like a caterpillar turning into a butterfly, but when done wrong, all you have is a really fast caterpillar.” The worldwide upheaval from the coronavirus unceremoniously revealed which banks float...
18 June 2020 /retail /covid-19 Banking Strategy, Digital and Transformation
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.