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Innovation in Financial Services

Archive for: February, 2012

Vishwanath Thanalapatti - Banking Technology Professional - Bangalore | 29/02/2012 | 2158 views

The end of the road for internet banking

There is an ongoing debate if bank branches will survive. Yes they will! Branches will survive in response to customers’ expectation and experience. The classic bank model will be more expensive for customers to transact though; perhaps 5 free visits and the 6th will cost. The crystal ball shows the days of internet banking are numbered. The... Tags: Online banking, Mobile & online

Jim Marous - New Control - Cleveland | 29/02/2012 | 4911 views | 1 comment

Bank Rewards Programs Benefiting from 'Loyalty Trifecta'

In a new regulatory environment, banks are faced with changing the foundation of rewards programs that were previously funded by interchange income from credit and debit cards. With debit interchange funding gone, FIs still need to continue to find ways to improve bank loyalty and drive the desired card behavior. In addition, banks need to leverage... Tags: Payments, Retail banking

Michael Nuciforo - Keatan - London | 27/02/2012 | 3487 views

Let's Get Physical

Visiting some places can give you the unique feeling of taking a step back in time. The grand architecture and artistry of Rome allows any visitor to immediately immerse themselves in the most powerful empire of modern history. In Havana, you can be transported back to 1950s Americana quicker than you can say ‘vintage Chevrolet’. I n... Tags: Online banking, Retail banking

Jorge Yui - BankArchitects - Geneva | 23/02/2012 | 3137 views

Vista Equity Partners also wants Misys

According to Financial Times, Vista Equity Partners, a private equity firm focused on investing in software and technology-enabled businesses based in USA, has launched a rival £1.2bn offer for Misys. Maija Palmer, redactor from FT following what could be the biggest and completest deal of the Banking Software Industry, stated that "the Inve... Tags: Wholesale banking, Wholesale banking

Brett King - Movenbank - New York | 23/02/2012 | 6421 views | 1 comment

Mobile Banking versus the Mobile Wallet

With recent news that Barclays Pin-git (or is it Ping-it) has had 120,000 downloads in 5 days, that Square has 1m merchants on their payments platform (1/8th of all US card merchants/retailers) and Starbucks is doing 25% of it's North American payments via a cardless App - it seems like Mobile Payments are taking off like the H1N1 virus. The intere... Tags: Mobile & online, Payments