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Digital Banking trends and Industry Intelligence for Bankers, Fintechs, and Solutions Providers
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Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
How Disruptive Technology Can Help Financial Institutions As financial institutions race to improve operational efficiencies, robotic process automation (RPA) has emerged in recent years as a way to help financial institutions reach a new level of operational excellence. RPA disrupts the existing business model by modifying existing systems to auto...
03 April 2018
Shubham Kumar Lead Consultant at Edgeverve Systems Limited
A couple of years ago, a report was published in India that Public Sector Banks lost more than $1.2 billion in loans where the documents provided were fake. Recently there were news reports that Federal Services Royal Commission (Australia) found that the Home loans were being given based on fraudulent documents. These are not isolated incidents a...
31 March 2018 /regulation
Marten Nelson Co-founder and CEO at M10
The open banking ecosystem can learn a lot from the smartphone operating system (OS) market. In particular, banks that are developing APIs in a bid to control the new ecosystem should ask themselves this: Why did the mobile operating systems of Nokia, Bada, Symbian and Blackberry (among others), fail? Like most high growth markets, the mobile OS in...
26 March 2018
Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
Summarizing milestones - my own experience mostly based on Fintech in Finland. (Union Bank of Finland>Merita Bank>MeritaNordbanken>Nordea Bank, Mobey Forum, Visa Advisory board, EU Expert Groups, Real Time Economy Program, Tieto, MyData etc): 1950s - Strong emphasis on payment standardization and four corner models > competition
25 March 2018
Retired Member
Transaction banking is no exception to the unprecedented challenges that the banking and financial services industry faces today. With traditional business margins eroding consistently, banks are looking to contain costs, eliminate inefficiencies and streamline operations in every function. Moreover, to match the agility of non-bank entrants such ...
21 March 2018 /wholesale
Economy of Repetition has for long been a huge lever when it comes to speed up adoption of new services. A familiar and often used tool is what customers and citizens at large have the right to expect. We experienced this when actors in both the public and private sectors started to use e-banking login-tool-based e-id services. Now this is omnipres...
13 March 2018
Having got involved in both robotic and cognitive automation in banking, I am coming across several interesting, deep questions. For example, robotic process automation (RPA) is touted as a great choice where the business case for automation does not make the cut for IT to take it up. This requires careful thinking. Shouldn't the threshold to push...
12 March 2018 /ai
It’s no secret that everything is gradually making its way online, be it the weekly food shop, ordering taxis or searching for your next home. All of these and more can be conveniently done anytime, anywhere from a smartphone – and we know that banking is no exception. It was revealed in January this year that Hull will lose its last remaining Co-...
05 March 2018 /retail
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
Some interesting research from multiple sources are providing lead indicators into why the future of organisations will become a blend of human and chatbot workers. More and more people are using chatbots. Some may not realise they are using chatbots as it is seemingly so “natural” in a digital nice way! This is especially the case through advance...
02 March 2018 /ai
For quite some time it has been clear that data is the new oil (not the best term - as oil is consumed while data improves when used) and trust the new currency. The opportunities to improve services and productivity by new levels of AI are immense. But how the next phase should play out concretely and how soon has to many been shrouded in mystery...
28 February 2018 /ai
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