Community
Digital Banking trends and Industry Intelligence for Bankers, Fintechs, and Solutions Providers
As the owner, you will also give up ownership if you leave this group.
Tatsiana Kuchminskaya Chief Financial Officer (CFO) at Andersen
20 years ago, one bank was enough for our parents to manage money transactions, from savings to insurance. The situation changed dramatically when there emerged more financial companies and competition for clients began. Suppliers offer to switch banks enticing people with favorable savings rates, gift cards, or bonus systems. The leader is the on...
03 June 2022 /wealth /retail
Abhinav Paliwal CEO at PayNet Systems
While COVID has thrown traditional banking operations in disarray but it has also established new fintechs in the financial services business. With the Central bank’s push toward digitalisation, we can safely assume that this trend will inevitably make fintech proliferate deeper into the incumbent bank’s market. Fintechs like Open, Bajaj Finan...
06 May 2022 /retail /markets
Jelle Van Schaick Marketing manager at Intergiro
There’s a growing need for banking services that go beyond mere transactions. People want to interact with brands that enhance their lives and make them feel connected — not just push products on them. It may be tempting to try to please all markets and audiences, but attempting to appeal to everyone leads to mediocrity and a lack of intense feeli...
05 May 2022 /startups /predictions
Andrew Stevens Global banking and financial services specialist at Quadient
High street banks were in the headlines once again this week, this time with consumer group Which? reacting to the recent spate of branch closures. With high-street banks now closing at a rate of 54 branches per month, campaigners have voiced concerns that elderly and vulnerable customers won’t be able to access their cash or get assistance if the...
29 April 2022 /retail
Starbucks is a bank. Today, that “bank” has 24m+ members and $1.6B in “deposits". Here is the backstory of worlds largest Neo Bank - Starbucks : In 1994 they have 425 total stores in their 23rd year By 1999 They opened 625 new stores By 2007 They where opening 3500 stores per year But eventually, this growth backfired. Stores were...
04 April 2022 /payments /retail
Inna Demchenko Head of project at Bank
Back in 2020, Ukrainian legislation allowed banks to establish business relationships with new customers and open accounts for them completely remotely. Moreover, banks were even offered several options for how to conduct remote identification without the physical presence of the customer, namely: - Video verificatiion; - Selfie with liveness ...
25 January 2022 /retail
Joseph Brown
From summoning a ride to your exact location to same-day delivery to your doorstep, a primary target of technology today is convenience. And innovators are coming for your keyboard. In the near future, voice control will take the place of tapping, clicking and scrolling. Rather than just ask a question and hear an answer, digital assistants will ro...
11 January 2022 /retail /predictions
Paul Shumsky Technology Advisor at Entrepreneur
2021 remained resilient for Fintechs even despite the continued pandemic vulnerabilities. Moreover, there was a significant growth of the venture investments in Q3 and Q4 across many regions. Verticals such as digital asset exchange, digital payments and savings experienced 19% YoY growth according to World Economic Forum and the World Bank data. ...
27 December 2021 /markets /predictions
Superhuman precision in performance With the expansion of international trade, various regulations in banking come on the scene. Financial institutions have to comply not only with their internal rules but also with the laws of different countries and whole trading blocs such as the EU, NAFTA, or ASEAN. Digitalization in financial services coul...
27 December 2021 /wholesale /predictions
Alex Kreger Founder & CEO at UXDA
Many customers are used to seeing the banking industry as soulless, focused only on making a profit. However, inspired by new technological opportunities, financial companies have made significant progress towards meeting their clients, carefully studying their needs and introducing innovative ways to meet them. There is still a lot of work ahead...
16 November 2021 /devops /predictions
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.