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Latest thinking in respect to Banking Strategy, Digital and Transformation. Harnessing our collective wisdom to make banking better. Ambrish Parmar
As the owner, you will also give up ownership if you leave this group.
Siobhan Byron EVP, Universal Banking at Finastra
Few industries rely on technology as much as the financial services industry does. In fact, Gartner estimates that banks spend more than $650 billion on technology each year. Some question whether banks are spending enough, especially when customer expectations are rising, competition is increasing, and the regulatory burden shows no signs of slow...
21 March 2024 /cloud
Maria Schuld Head of Regional and Community Banking at FIS
Ben Franklin may not have had a bank merger in mind when he penned this quote, but it certainly applies. Mergers and the related conversions they bring are seminal events that require careful planning, thorough communication, and precise execution. Successful merger-driven integration reflects the following characteristics and components. A consist...
19 March 2024 /retail /markets
Kaustuv Ghosh Founder at Prometheus Labs, Next Gen Infra.
Open Banking is under continuous discussion and implementation in OECD and European markets. This post provides a brief operator view from the Global South, a region of massive opportunity and diverse needs. I took the liberty of looking at the definition of Open Banking. First, with due acknowledgement to OBIE, UK-"Open Banking is a secure...
19 March 2024 /payments /startups
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
In 2024, digital banks continue to rise, drawing in customers with their innovative services. Leading digital banks such as Chime, Current, and Varo report significant increases in both customer numbers and deposit volumes. The competitive landscape is intensifying as technology giants and traditional banks unveil their digital banking solutions, ...
28 February 2024 /payments /retail
Venkatesh P Co-Founder and Director at Maveric Systems
Preamble There is considerable debate in professional and public media about the impact of AI, and assertions from both groups- those who welcome and indicate that there would be no loss of jobs and those who hold just the opposite- would have some consequences and would remove jobs. There is not much other than the advent of computers and digita...
23 February 2024
Priya Kumari Digital Content Marketing Specialist at MSys Technologies
As the sands shift beneath our feet, a new tide rises - one driven not by the tectonic forces of tradition, but rather by the relentless currents of technological advancement. We find ourselves swept away by the Buy Now, Pay Later (BNPL) phenomenon, where automation reigns supreme, shaping the very fabric of modern finance. Market Expansion and D
23 February 2024 /payments
John Bertrand MD at Tec 8 Limited
EU mandatory regulations for instant credit transfers within the Single Euro Payments Area (SEPA) are right on the money. The key requirement is verification of payee. Today this is absent in the UK, apart from ten mandated banks plus a few more. IBAN (International Bank Account number) is being supplemented to identify the actual owner of the ac...
21 February 2024 /payments /regulation
Raktim Singh Senior Product Leader at Infosys
Federated Enterprise Technology Buying is a method for procuring technology that involves decision-making by individual departments within an organization. This approach acknowledges the requirements of business units and empowers them to select technologies that best fit their objectives. In a federated buying process, buying decisions are made b...
20 February 2024 /retail /wholesale
Technology transforms. This is clear. Consider the device you are reading this article on. The chances are high that you are reading it on a mobile device. In fact, as of January 2024, 59% of all website traffic comes from mobile, up from 6% in 2011. And while the first mobile phone call was made way back in 1973, by 2007 access to good quality 3G...
20 February 2024 /retail
The prepaid card sector stands at a dynamic crossroads, marked by fierce competition and expansive growth. As we delve into 2024, several pivotal trends are shaping the future of prepaid cards, from gig economy dynamics to millennial spending habits, the surge in virtual card usage, the popularity of eGift cards, and the innovative approach of pre...
14 February 2024 /payments /retail
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