1137 Results from 2015
Stanley Epstein Associate at Citadel Advantage Group
The term ‘Digital Banking’ is, to my mind, one of the most miss-understood concepts in the financial world today. Ask any group of 21st century bankers and you will get more definitions than there are member of the group. And this confusion of definition is one of the reasons why there a lack of fire and enthusiasm for the whole idea. Many simply ...
12 January 2015 Innovation in Financial Services
Retired Member
The idea behind development of Automated Teller Machines was to replace teller operations in a bank branch completely by electronic devices. To a large extent, this idea has been successfully implemented. According to one study conducted by Financial Management Solutions Inc., the average monthly branch teller transaction rates in USA have fallen ...
11 January 2015 /retail
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Change in human behavior - to be precise. Only when the next person is changing his/her behavior does innovation actually materialize. This is probably too self evident. Also that change is both enabled and driven by exponentially more capable IT. We need something to change into. Simplified - experienced - roadmap: 1. Create service or tool that ...
10 January 2015 /payments Innovation in Financial Services
If you are a bank without a visible digital transformation programme then there’s a high chance you’ll sink, perhaps slowly, but eventually and inevitably. Shifts in consumer expectations, new market entrants and the rise of non-bank digital-payment services such as PayPal, are eroding the existing banking model and threatening the revenues and lo...
09 January 2015
Bank branches are evolving. User experience now has to be front of mind for any financial services provider looking to retain their competitive edge. New advances in technology are always pushing the boundaries of customer expectations, and many in the financial services industry have begun to question whether new banking technologies could spell ...
The terms ‘challenger bank’ and ‘alternative funding’ were virtually unheard of before 2007. However, in recent years they have started to receive considerable attention, and their importance & influence on today’s financial landscape is undeniable. So, what has happened to raise the profile of this ‘new’ market? Well, quite a lot really. In 20...
09 January 2015 /startups
I recently caught up with Jonathan Vaux Director, New Digital Payments and Strategy at Visa Europe, to discuss the trends he observed over 2014 and the outlook for 2015. In short, 2014 has been a really powerful year for payments innovations. I summarise some of the main points from my interview and welcome your comments on how you saw NFC and con...
09 January 2015 /payments Innovation in Financial Services
An interesting debate broke out here at Fidessa Towers this morning concerning the infamous Sci-Fi phrase "resistance is useless". Should it be attributed to Dr Who’s nemesis, those metallic, warbly-voiced Daleks, or to the slug-like, green-skinned Vogons that appear in Douglas Adams’ The Hitchhiker's Guide to the Galaxy? Anyhow, whilst ...
08 January 2015 /regulation
The mortgage world 2014 in 140 characters or less A Twitter snapshot of the mortgage market in 2014 from @henry_woodcock IRESS principal mortgage consultant. January January started looking back at 2013 and forward to the impact MMR changes and the continuing issues around housing, rents and the efficacy of government initiatives in 2014. Early war...
08 January 2015 Financial Services Regulation
Stuart Lacey Founder at Trunomi
As the financial industry prepares for the year ahead, we reflect on the technology advancements that have emerged and ponder those on the horizon. We see consumers clamouring for the latest and greatest tools – whether the use be personal or professional – and increasingly understand their desire to receive the same level of high tech, tailored s...
07 January 2015 /security
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