Joris Lochy Product Manager at Intix | Co-founder at Capilever
As companies expand, it is almost inevitable that bureaucracy grows alongside them. The term "bureaucracy" typically carries a negative connotation, often associated with demotivated personnel, complex and excessive procedures, slow decision-making, silo-thinking, a disconnect between management and employees, and a lack of digitalizatio...
25 October 2023 /people /startups Banking Strategy, Digital and Transformation
In Belgium, the traditional savings account remains highly popular, boasting a total deposit of over 300 billion EUR. With approximately 11.5 million inhabitants, this averages to about 25,000 EUR per Belgian on their savings account. However, this is an average value; most Belgians do not have this amount on their saving account, which means some...
17 October 2023 /retail /inclusion Digital Banking, Mortgages and Savings
The potential of AI/ML is immense, yet it is often misused by managers who are driven by trends and a fear of missing out. Like any technology, AI/ML should be seen as a means to an end and should be evaluated for its business value within the appropriate context. To make informed decisions, managers should begin by assessing the use case they wan...
11 October 2023 /predictions Banking Strategy, Digital and Transformation
In the landscape of financial services, a multitude of 'as a service' models have emerged, revolutionizing how both financial and non-financial institutions (such as retail and HR Tech) offer financial services to their customers. Gone are the days of complex, lengthy implementation and regulatory projects. Financial services can now be readily ac...
02 October 2023 /regulation /startups Embedded Finance
In recent years, there has been a growing trend among companies across different sectors to build ecosystems or even super-apps. These ecosystems typically include a range of services and products designed to meet the diverse needs of consumers in their daily lives. While each company may approach this from a different angle, their ultimate goal i...
25 September 2023 /people /retail Banking Strategy, Digital and Transformation
In a world marked by high inflation rates, governments are engaged in a race to find ways to compensate citizens for their diminishing purchasing power. Simultaneously, businesses are navigating a complex landscape, searching for strategies to sustain their revenue streams by increasing prices without alienating their customer base. This conundrum...
17 September 2023 /startups Innovation in Financial Services
If there is one Indian innovation that has grabbed global headlines, it is undoubtedly the instant payment system UPI (Unified Payments Interface). In August 2023, monthly UPI transactions exceeded an astounding 10 billion, marking a remarkable milestone for India’s payments ecosystem. No wonder that UPI has not only revolutionized transactions in...
11 September 2023 /payments /inclusion The Payments Business
When we think about the concept of financial inclusion and more particularly about underbanked and unbanked populations, we often picture developing countries where access to banking services is limited. However, it might surprise you to learn that even in developed European countries, where banking services are abundant, a sizable portion of the ...
28 August 2023 /sustainable /inclusion Financial Inclusion
In recent years, I have delved into the domains of DeFi (decentralized finance), Web3, blockchain, and cryptocurrencies, building a solid understanding (although far from being an expert) of their underlying concepts and technologies. Nonetheless, I continue to grapple with the business and economic aspects surrounding these innovations. Surprisin...
31 July 2023 /crypto Blockchain Observations
In my blog post "The financial sector boundaries are blurring" (https://bankloch.blogspot.com/2022/11/the-financial-sector-boundaries-are.html) I explored the evolution where traditional financial companies are expanding their offerings with adjacent services, while companies from other sectors are also offering more and more financial s...
06 July 2023 /startups Embedded Finance
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.