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Summary: Last week the FDIC announced that it was issuing a new rule that will modify two definitions in the regulations regarding deposits that are facilitated by third parties to banks and other i...
Financial institutions have traditionally been comfortable in maintaining the ownership of customer relationships. The digital disruption in last 3-4 years has pushed them to adopt newer ways of banki...
“Data is the new oil” – you’ve probably heard this quote all too frequently by now. I can’t deny this is an interesting parallel, given data (just like oil) can be mined, stored and transformed in ord...
1. Introduction "Open" has recently become a new buzzword in the financial services industry, i.e. open data, open APIs, Open Banking, Open Insurance…, but what does this new buzzword reall...
An information advantage has become one of the most important competitive edges in the financial markets today. Receiving the right data, faster than competitors, is a significant driver of performanc...
In every 30, 40 or 50 years, the status quo must be challenged, modified, transformed, in order to avoid the accumulation of power, centralization, totalitarianism, and corruption. Corruption is inher...
The appetite for fintech apps is steadily growing. Over the past decade, banking applications have ceased to be an exclusive domain of the young and the tech-savvy and have earned their place in every...
Open Banking is unstoppable and is being discussed in almost every corner of the world – be it to increase competition, reduce cost, foster innovation or financial inclusion. In Open Banking, banks ar...
“A leader is one who knows the way, goes the way, and shows the way.” – John C. Maxwell This is a reprint from my recent article for Forbes Tech Council Every software platform, piece of hardware ...
Millennials and Generation Z already represents 49,7% of U.S. population, which is a challenge for the ability to recruit, hire and train a diverse workforce for banks and insurance firms. Millennial
In the last 12 months, CFOs, particularly in the UK, have been forced to count the pennies when it comes to budgeting in an era of political and economic uncertainty. As we move into 2020 we expect, o...
In September 2019, the world’s oldest insurance marketplace made yet another announcement about how it would transform itself for the future. The announcement of the Lloyd’s Blueprint One had been we...