1068 Results from 2020
Retired Member
Digitalisation can radically change the debt assistance and administration into a more people-oriented approach in the Netherlands All signals are on red in the debt sector[1]. The sector is all about people in often difficult situations. More than 2,5 million Dutch households suffer from late payments[2]. About half of those households have str...
29 July 2020 /people /inclusion Financial Inclusion
In a recent post, we explored how Asset Servicing (AS) firms are grappling to meet their clients’ and investors’ fast-evolving digital service and real-time reporting expectations. The underlying reason that so many Transfer Agents (TA) and Fund Administrators (FA) are not in a position to offer appropriate digital services is as much cultural as i...
29 July 2020 /regulation /devops Banking Strategy, Digital and Transformation
Joshua Frith Managing Director at The Dubs
Now dubbed The Great Lockdown, the COVID-19 pandemic has sent economies around the world into recession. In the March quarter, Australia’s GDP fell for the first time in nine years, decreasing by 0.3%, while the United States’ GDP decreased by 5%. Meanwhile, in early July, the European Commission forecast the UK’s economy would shrink by 9.75% in...
28 July 2020 /retail Disruption in Retail Banking
Alex Kreger Founder & CEO at UXDA
As many as 78% of companies fail at their digitalization goals*. In the process of digital transformation the main focus usually is on the product, innovation and digital technology. But, in the digital age, customers are the ones who decide the product's fate. If it doesn't live up to their expectations, it will be quickly replaced with a user-ce...
28 July 2020 /retail /covid-19 Banking Strategy, Digital and Transformation
Amita Choudhary Marketing Manager at Princeton Growth Accelerator
Migrating large databases is never an easy task, especially when it touches more sensitive data like financial records. E-mails are no exception to this, and Office 365 migration can be a messy process if you don’t approach it correctly. There are many tools on the market that can help you streamline the job and get things done faster, and it’s a g...
27 July 2020 /security Information Security
Gareth Mahoney Head of Compliance at Moorwand
Gareth Mahoney, Head of Compliance at Moorwand After uncovering a range of issues during recent visits to over 100 e-Money and payments institutions, the FCA published its latest ‘Dear CEO’ letter. The letter took a completely different approach to usual. Instead of focusing on a single area and then pushing for full compliance, the FCA broke dow...
27 July 2020 /payments /regulation
Jussi Karjalainen CEO at Valtatech
Key questions you need to ask yourself before embarking on your business’s journey to spend and payments automation Now, more than ever, businesses find themselves operating in an increasingly volatile, uncertain, complex, and ambiguous (VUCA) environment. The key question is how can businesses position themselves to not just survive in this envi...
27 July 2020 /payments /covid-19 Operational Risk Management
Claus Christensen CEO at Know Your Customer
Traditionally, a digitisation project at a financial institution has been a unique opportunity to shape the way entire teams work, introducing procedures and systems that would stay in place for a long time. But this was before 2020. Since the beginning of the pandemic, financial institutions had to adapt to new challenges at an extraordinary spee...
27 July 2020 /regulation /covid-19 Innovation in Financial Services
Saloni Ramakrishna Author; Senior Director at Oracle
Tracing the evolving banking scenario in and around the pandemic, through the lens of “shrunken transactions” a harbinger in many ways. The intensity of the impact may vary, but both individuals and businesses of all sizes and shapes have been thrown into a vortex. Last blog* I touched upon margin compression and its impact on P & L books ...
27 July 2020 /regulation /covid-19 Banking Strategy, Digital and Transformation
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
As Banks and Insurance firms have already embraced Data Lakes for their Artificial Intelligence and Machine learning capabilities, it is important to look for continuous Return on Investment on the platform. If a Data Lake is not well maintained, it can turn into a swamp while finding usable data can confuse the data consumers. Most challenges can ...
26 July 2020 /sustainable /devops Analytics in Banking
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