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Digital Banking Trends

Digital Banking trends and Industry Intelligence for Bankers, Fintechs, and Solutions Providers

Alex Kreger

Alex Kreger Founder & CEO at UXDA

Is It Time to Adapt Banking to the Metaverse?

The metaverse will become the next global milestone after the digital transformation in the next few decades. It is, in fact, the transition of the internet from a two-dimensional experience into a multi-dimensional one, which will require a significant creative effort. This new world will lead to the fast development of a creative economy. The ma...

/crypto /markets

Jeremy Boot

Jeremy Boot Product Strategist at Temenos

Retail CBDCs (part 2): what's in it for the banks?

In my last article I talked about how Retail CBDCs are gaining momentum globally and how they’re expected to work, with commercial banks as important participants. But offering CBDC services even with capped wallets may result in an outflow of deposits and a reduced balance sheet, obviously not good news. So why would banks want to do this? What'...

/payments /retail

Stan Cowan

Stan Cowan 

How Fraud Results in Customer Churn

Today’s financial landscape has been fraught with numerous issues such as data breaches, cyberattacks, identity theft, and credit card fraud. Experts believe that these issues contribute to fraudulent transactions and, if not mitigated, will lead to customer churn and further business loss. According to a Carnegie Mellon University study, customer...

/identity /crime

Jeremy Boot

Jeremy Boot Product Strategist at Temenos

Retail CBDCs: why commercial banks will be key players

Central Bank Digital Currencies (CBDCs) - a digital form of central bank money - are firmly on the radar of Central Banks globally. According to the Atlantic Council over 100 countries are actively exploring a CBDC. Many are further along on their journey with some already launched. But why do we need them? And what role will commercial banks play?...

/payments /retail

Marie Beau

Marie Beau VP COM at Oneup

How Cash Flow Forecasting is both an essential tool for SMBs and an opportunity for Banks?

Cash flow is the backbone of Small Businesses Most small businesses struggle to manage cash flow, the backbone of their success. Like many other businesses, small business owners need to pay their suppliers, employees, and all their operating expenses on time each month, but they often struggle to get paid themselves. There is usually no automatic...

/startups /predictions

Gian Mahil

Gian Mahil Director at The FinTechGuys

Amazon vs Visa - who will win?

In November 2021 Amazon announced that they will no longer accept Visa Credit cards in the UK – they had already done this in Singapore and Australia. To the layperson, this might sound like Amazon are shooting themselves in the foot and just before Christmas! What’s going on you may ask? Currentl...

/payments /predictions

John Bertrand

John Bertrand MD at Tec 8 Limited

Authorised Push Payment (APP) fraud grew 39% in 2021- little justice so who shot the APP Sheriff?

The scenario: On Facebook, a fake Airbnb website offers accommodation that includes a faster payment deposit of £1,000. It was a scam and the money gone. Airbnb noted it was fake website and says call your bank Refuses any type of reimbursement Facebook advice is call your bank Refus...

/payments /crime

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems

UK NeoBank Starling Reported Its 1st Annual Profit

UK NeoBanking Platform Starling reported its 1st annual profit 💰 $38M PBT (profit before tax) $225M revenue (93% YoY growth) $3.96 bn loan book (45% YoY growth) 600K new customer accounts added The UK fintech unicorn has more than two million customer accounts, including more than 300,000 small business accounts. Its total lending exceeds $ 2Bn ...

/retail /startups

Tatsiana Kuchminskaya

Tatsiana Kuchminskaya Chief Financial Officer (CFO) at Andersen

API Economy as a Key for Success of Future Banking and Finance

Application Programming Interfaces are an integral part of the emerging digital space. Without them, benefiting from many of today’s habitual financial services would be at least difficult if not impossible. In this piece, Andersen’s experts in FinTech software development will tell how API-based IT solutions contribute to the success of banks and...

/payments /markets

Alex Kreger

Alex Kreger Founder & CEO at UXDA

Big Tech or Big Curse on the Banking Experience?

An unpleasant thing recently happened to me. My Facebook account was stolen a few days ago despite 2FA. And now Facebook blocked it and needs 30(!) days to explore the situation and maybe unlock my profile. What if the same thing happens to your bank account? Only at critical moments can you feel how much power Big Tech has on your life and how de...

/retail /markets