Disruption in Retail Banking

Growth in internet and mobile technologies has transformed many industries and economies. The market forces and competitive landscape has completely changed in many sectors. iTunes has fundamentally changed music industry, Amazon has driven most big brick and mortar book sellers out of business, Expedia is one of the worlds' biggest travel company….. the list goes on.

Retired Member 

PSD2: A turning point for banks’ business models

January 13th was the final deadline for financial services companies to comply to the FCA’s newest European legislation, the Payment Services Directive (PSD2). The run up has been a time of huge introspection and preparation for European banks, that are only too aware of what the new rules are striving to achieve. Forcing change in the industry, i...

24 January 2018 /retail

Alex Kreger Founder & CEO at UXDA

Banking Disruption by PSD2 Takes User Experience Design to the Forefront

Throughout history, banking has remained a closed industry, monopolizing the majority of other financial services. Total digitalization has brought changes to the industry. FinTech gives users the right to choose an alternative. However, the PSD2 directive adopted in the European Union goes even further. It will disrupt the banking industry, compl...

03 January 2018

Bob Lyddon Consultant at Lyddon Consulting Services

Predictions for the Payments industry in 2018 - Open Banking

This is the first of our predictions for the Payments industry in 2018, and it is about the UK's Open Banking. This is a very high-profile and government-endorsed project to open up Retail and SME banking to technology-based new entrants, who will offer innovative and exciting propositions on top of the data they can receive from banks, and the pay...

27 December 2017 /startups

Anne Leslie-Bini CEO at Pikcio RegTech

Betting on 'banking with backbone'

In a recent blog post, I floated the idea that it might be time to renew the ‘purpose’ of banking by incentivizing ethical behavior, and I asked whether challenger banks – such as Monzo, Metro, Tandem, Revolut, N26 et al. - are actually up to the challenge of rehabilitating the core of the banking industry, which has managed to entirely bankrupt ...

20 December 2017 /retail /startups

Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData

Finland 100 years

Finland celebrates its 100 years of independence this year. Being attacked in 1939 by the Soviet Union was a particularly painful part of the journey. The progress after the war - from an agrarian country with some forest industry - has been good. There are now a fair number of Finnish companies amongst the globally leading in several sectors. No...

09 December 2017 /retail

Retired Member 

The Terrible, Horrible, No Good, Very Bad Omni-Channel Day

I have been proclaiming for some time that ‘omni-payment’ is the missing element in many retailers’ full omni-channel customer service offering. What I mean is that many retailers offer their goods and services in-store and through various digital channels, but payments are often still processed by different systems and operate in silos. There are...

07 December 2017 /payments

Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData

Human-centred approach to data leads the way to a smarter digital age

Borrowed most of this into my post (nbr 350 btw) from a paper by Markus Hautala and Antti Kettunen at Tieto. "... Trust in the digital age is broken. Can you remember the last time you got insurance or bought something from a private person from another EU country to yours? Or when was the last time you signed a contract or gave a power of att...

15 November 2017

Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData

Pretty ok Real Time Economy overwiev

https://www.dropbox.com/s/8ikan8rh1h2h9v1/Bo%20Harald.mp4?dl=0

14 November 2017

Retired Member 

You can’t make an omelette without breaking a few eggs, so goes the saying

You can’t successfully become a data led organisation without the right leadership. A recent study, conducted by Forrester in collaboration with Atos, found that the adoption of data analytics is already at 40% and is set to grow to 90% by 2020, but most organizations continue to struggle when it comes to moving from raw data to insights. Nowhere ...

06 October 2017 /startups

Vaibhav Grover Senior Director at Sutherland

Bot-Advisor as your Banker - Are you ready?

Banks across the globe are investing big dollars into Intelligent Bots. HSBC has recently announced a low-cost online investment service that uses algorithms to match customers to an investment portfolio. American financial services provider Raymond James ­Financial said it would offer bot-advisers to clients by the year end. NatWest recently laun...

28 September 2017 /retail