9038 Results
Retired Member
The pandemic has acted as a catalyst in the widespread adoption of digital payments, propelling contactless payments to the forefront of this transformation. According to a recent report from Juniper Research, the total number of unique contactless mobile payment users will reach 1 billion globally by 2024, rising from 782 million in 2022, represe...
09 May 2023 /payments /retail Open Banking
“In the morning, I have an idea. During the day, we discuss it with colleagues, and we can start implementing it the next day. Every day I go home satisfied because I know I’m working for results.” Only a few executives can afford the luxury of such flexibility and efficiency. But for Robert Schoepf, Chairman of the Board of LPB Bank, this is an e...
08 May 2023 /payments
Artificial Intelligence (AI) is rapidly changing the way we live, work, and interact with each other. From virtual assistants like Siri and Alexa to self-driving cars, which are getting a lot more buzz post chatgpt, AI is making our lives easier and more convenient. However, the increasing integration of AI into our daily lives also profoundly i
07 May 2023 /people /sustainable Artificial Intelligence and Financial Services
Over the last few decades, "disruption" has become a prevailing mantra in the business world. Companies have been urged to disrupt industries, disrupt competitors, or even disrupt themselves to innovate and grow. Disruption is often seen as synonymous with innovation, and it is no wonder it has become a widely discussed topic. Whether
05 May 2023 /payments /crypto Innovation in Financial Services
The nomination and subsequent appointment of Ajay Banga as President of the World Bank by President Joe Biden has generated considerable excitement and interest around the global community, stirring excitement and anticipation for what his leadership will bring. As a payments expert working in the financial inclusion space along with G20 GPFI, who...
04 May 2023 /people /inclusion Finextra site news
PSD3 Regulation: What To Expect and When? A recent survey by the Thales Group revealed that a staggering 38% of users are willing to switch to another provider offering better rates or services, highlighting the cut-throat competition within the banking and financial services industry. However, with regulations like the Second Payment Services D...
03 May 2023 /payments /regulation Banking Strategy, Digital and Transformation
Can you believe it’s been 15 years since the Madoff scandal was uncovered? 15 years since the global financial crash. In fact, it was that incident that signalled the end for Bernie Madoff, the financial sociopath, who – under the guise of being a successful co-founder of the NASDAQ and one of the most successful stockbrokers on Wall Street – cunn...
03 May 2023 /regulation /crime Exposing Financial Crime
Black Swan events happen rarely, BUT it gives a tremendous opportunity to reinvent to create brighter futures – only if the business is proactive to handle. One way FIs can prepare is by digitaltransformation leveraging AI, Machine Learning, and Cloud to mitigate risk and address regulatory requirements while enhancing decision-making capabilitie
02 May 2023 /regulation /predictions Analytics in Banking
It has been a tough few years for businesses and consumers alike. Inflation is at a 40 year high across many developed countries, and governmental bodies, such as the Bank of England, are continuing to increase interest rates in an attempt to combat inflation. The causes of the crisis are complex and wide-ranging. Some of the factors that significa...
27 April 2023 /cloud Cloud Migration
Many banking platforms are built on legacy applications, which rely on outdated technology, can be costly to maintain, have poor performance, and require outdated skill sets. Modernizing legacy applications is part of a broader digital transformation initiative for banks and can provide greater efficiency and flexibility. However, many organizatio...
26 April 2023 /payments /retail Banking Strategy, Digital and Transformation
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