Joris Lochy Product Manager at Intix | Co-founder at Capilever
With interest rates close to 0, people are forced to invest their money to avoid losing buying power (as inflation is considerably higher than the typical interest rate on a saving account or term deposit). As many people do not want to actively follow-up their investment portfolio, most bank customers invest in actively-managed investment funds (o...
15 April 2021 /wealth /retail Fintech innovation and startups
Having a true "blue" (introvert and analytical) personality type, I often feel envy towards charismatic (often extravert) entrepreneurs and more specifically the ease with which they can setup new businesses and coordinate different activities. At the same time, it amazes me how many of those successful entrepreneurs have poor skills in f...
05 April 2021 /startups Innovation in Financial Services
Thanks to Open Banking, embedded banking and banks positioning their apps as super-apps, the financial sector becomes more and more an ecosystem of parties collaborating together to execute upon a customer’s journey and needs. As a result, more and more banks and Fintechs sign partnerships with other financial players and players from other industr...
29 March 2021 /people /startups Open Banking
Silo thinking is often frowned upon in the industry. It is often a synonym for bureaucratic processes and politics and in almost every article describing the threats of new innovative Fintech players on the banking industry, the strong bank product silos are put forward as one of the main blockages why incumbent banks are not able to (quickly) rea...
19 March 2021 /people High performing teams
Before the financial crisis (especially in the 90s) it seemed that the banking landscape was strongly consolidating, resulting in a handful of Tier-1 (often international) banks in every country. After the financial crisis, many specialists predicted that due to the rising costs for compliance and lower revenues due to low interest rates and increa...
10 March 2021 /retail /predictions Trends in Financial Services
All business processes in the banking industry contain quite some specific business logic. Rather than coding this aggregated in one business application, it is wise to setup separate components for this logic. These components we will refer to as financial engines in this blog. Usually these engines can be quite easily isolated, as they receive a...
22 February 2021 /devops Banking Strategy, Digital and Transformation
The last few years I have done quite some market studies for potential new business ideas, mainly in the Fintech, banking and insurance industry, but also in the IT, FoodTech, horeca and mobility sector. Such an exercise typically starts with identifying the trends in the market, i.e. how the market is evolving, as this is key to ensure your busine...
27 January 2021 /predictions Trends in Financial Services
Due to the Covid crisis, we have arrived in a major global recession. Not only were there the enormous impacts on the economy of the (semi) lock-downs, but consumption dropped also enormously as consumers are worried of getting infected while shopping, don’t like the shopping experience due to the different sanitary measures or they prefer to incr...
18 January 2021 /payments Payments strategies 2015-2020-2030
The last 5 years dozens of so-called neo- or challenger banks (according to Exton Consulting 256 neobanks are in circulation today) have disrupted the banking landscape, by offering a fully digitized (cfr. "tech companies with a banking license"), very customer-centric, simple and fluent (e.g. possibility to become client and open an acc...
30 December 2020 /retail /inclusion Fintech
Due to the Covid crisis and the resulting increase of working from home (which will likely persist long after the crisis), the precious tradition (wide-spread in many companies) of collecting money for a gift for a colleague (typically for a wedding, child or pension) via a circulating envelope is now disappearing. In our modern digital age, this ...
14 December 2020 /payments /retail Payments strategies 2015-2020-2030
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