1068 Results from 2020
Lisa Fretwell Managing Director of Data Services at Experian
What can you do to support financially stressed customers? That’s the big question facing financial services right now, as rapid changes to millions of people’s incomes, triggered by the Covid-19 outbreak, mean lenders are being looked to for additional help over the coming months. Latest figures from the Office for National Statistics revealed al...
08 June 2020 /inclusion /covid-19 Contributed Data
Patricia Kusch Consultant at GFT
It would be fascinating to know just how many of our banking leaders are feeling somewhat exposed by their handling of this devastating and ongoing pandemic. Hindsight is leading us to believe that a global crisis of this scale was a well known possibility, which begs the question… why were so many banks caught unprepared? With little historical d...
08 June 2020 /retail /covid-19
Saloni Ramakrishna Author; Senior Director at Oracle
I have always maintained that at a fundamental level commercial banking, as the name itself suggests, is a business and has the core values and principles of a commercial enterprise - that of Liquidity, Solvency and Profitability. Safety, Stability plus Social and Economic relevance are as critical given that banks are powerful economic instrument...
08 June 2020 /regulation /retail Banking Strategy, Digital and Transformation
Paul Shumsky Technology Advisor at Entrepreneur
Africa is the last frontier of untapped global growth, and fintech innovators are starting to get in on the action. The continent offers enormous market potential because almost 60% of the population is still unbanked. The lack of banking facilities means that fintech providers can start building their businesses on a clean slate and avoid the ch...
07 June 2020 /retail /inclusion Digital Banking Trends
Retired Member
In 2017, American banks collected 34.3 billion dollars in overdraft fees. (link). The average value for an overdraft fee is $ 30 in the United States. This means that the average American ended up paying $ 125 in overdraft fees. In a world where the share of digital payments is growing rapidly, a digital assistant (or ABAs – Automated Banking Ass...
07 June 2020 /retail /cloud Analytics in Banking
Richard Price, UK&I Sales Director, TIBCO Software More than ever before, banks need to stay relevant, as traditional financial services companies are competing with far nimbler challenger brands that are changing traditional service models and product mixes. We’ve seen this accelerate, as the world continues to be turned upside down by COVID-1...
05 June 2020 /regulation /markets Open Banking
Keith Stonell Managing Director, EMEA at Guidewire
We are all adjusting to new ways of living and working and one such adjustment, I’m sure many of us have now encountered, is the virtual conference. Beyond the obvious upsides such as not having to deal with the travel, the jet lag, the hotels, and the bad coffee, the virtual conference experience has been an interesting and enjoyable one. Judging...
05 June 2020 /cloud /covid-19 Digital Insurance Trends
In common with many others, I too was relieved when the government introduced a variety of fiscal measures designed to support the UK economy and the wider population as we navigate our way through this global pandemic. Finally, after a nerve-racking delay, an increasing number of small-to-medium-enterprise (SME) businesses have now received the g...
05 June 2020 /retail /covid-19
Ron Delnevo Chair at UK Cash Supply Alliance
My love affair with cash started with my parents. I was born in the 1950s, entering the world just as the UK was finally leaving World War 2 rationing behind. In those far off days, there was plenty of poverty – but little debt. The financial system really didn’t allow the general public to have significant debt. Personal loans from a bank or build...
04 June 2020 /payments /inclusion Financial Inclusion
There is much speculation about the extent of the comeback cash will make after the latest pandemic is behind us. To be fair, cash has had a bit of a tough ride. Lockdowns impacting more than half the worlds population have lured people into the clutches of internet shopping - and, as we all know, paying by cash on the internet is a bit tricky! On...
04 June 2020 /payments /inclusion The future of Payments in Europe
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