Disruption in Retail Banking

Growth in internet and mobile technologies has transformed many industries and economies. The market forces and competitive landscape has completely changed in many sectors. iTunes has fundamentally changed music industry, Amazon has driven most big brick and mortar book sellers out of business, Expedia is one of the worlds' biggest travel company….. the list goes on.

Helene Panzarino Banking-innovation consultant & evangelist at helenepanzarino.com

Small business needs taxis not tankers

Large incumbent banks don’t serve small and medium-sized businesses well. Dress it up in euphemisms like ‘It’s an underserved market’ all you want; the reality is they get the short straw when it comes to banking. This fact will come as no surprise to anyone watching the US cope with Covid in the past year. Getting emergency loan funds out to SMBs...

02 March 2021 /retail /startups

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Churchill already knew

"It is a mistake to look too far ahead. Only one link in the chain of destiny can be handled at a time." Winston Churchill. So much time is used for describing the splendid future with Artificial Intelligence that there is not enough time to tell the man on the street what can and should be taken into use already today - and are necessary...

16 November 2020 /payments /retail

Michael Boukadakis CEO at ENACOMM

Enablers or Disruptors: Where Do FinTechs Fit?

In the first half of 2020, $2 trillion in cash landed in deposit accounts of U.S. banks and credit unions, according to FDIC data. From corporate borrowing to cash-hoarding and stimulus checks, the unprecedented surge was a result of the pandemic. Megabanks saw the greatest deposit gains—they have the most U.S. retail customers, after all, and serv...

06 October 2020 /retail /sustainable

Kristen Jason Senior Product Marketing Manager at Alacriti

How Credit Unions are Managing Member Experience During COVID-19

As COVID-19 evolves and continues to impact our world, it’s creating new challenges for business. Unfortunately, credit union members seem to be suffering more. According to a recent Gallup poll in Mid-March, while the national average is 70%, 75% of credit union members say they have experienced a great deal or a fair amount of disruption. Also

19 August 2020 /retail /covid-19

Joshua Frith Managing Director at The Dubs

Finance content marketing during a recession

Now dubbed The Great Lockdown, the COVID-19 pandemic has sent economies around the world into recession. In the March quarter, Australia’s GDP fell for the first time in nine years, decreasing by 0.3%, while the United States’ GDP decreased by 5%. Meanwhile, in early July, the European Commission forecast the UK’s economy would shrink by 9.75% in...

28 July 2020 /retail

Vaibhav Grover Senior Director at Sutherland

How can Banks use COVID19 crisis to advance the future?

In one of the office discussions I heard a colleague say – “The bank you thought you would be in 2025 is the bank that you need to be tomorrow!”. This was such a ‘powerful’ statement that it got stuck in my mind. It forced me to think –can Banks use Covid 19 crisis to their advantage and advance the future for Banking? There have been some interes...

24 July 2020 /retail /covid-19

Bhavesh Vaghela SVP B2B Product and Innovation at Collinson

Apple Event WWDC 2020

WWDC worldwide developer conference is largely dedicated to developers however the opening keynotes provides a glimpse into what’s coming for customers. The showcase event on 22nd June 2020 was very different to any predecessors. You can watch the full keynote here from the Apple site. There was great drone footage of Apple HQ in Cupertino Califo...

24 June 2020 /retail /devops

Steve Morgan Banking Industry Market Lead at Pegasystems

Are challenger banks transforming the lending market or just providing digital makeup?

The short answer is yes…. sometimes to both. However, there is a huge change underway and enough evidence to suggest that customer and competitive pressure alone will drive more change, even without further regulatory updates. Globally, and in the UK, margins in the lending market are feeling the pressure. Slow credit growth (currently at 2.5% in t...

04 March 2020 /retail

Chris Harris Senior Director at Worldline Group

Challenger Banks: inflection point or moment of truth?

As Starling, Revolut, Monzo and Tandem bank all seek further investment, questions are being raised whether there is funding round fatigue among investors due to a lack of clarity around margins and doubts about longer term funding. Signing-up new customers hasn’t proven difficult for most of the Challenger Banks. A.T. Kearney’s study concluded tha...

19 February 2020 /retail

Retired Member 

The Commercial, Business and Retail Banking Outlook for 2020 and Beyond

Over the past few years, interest has risen in digital-first banking, blockchain technology, automation and the concept of digital banking profiles. And as we head into the 2020s, we’ll see further transformation in the industry and there is an exciting opportunity for banks to differentiate themselves in order to attract and retain deposits. Let’...

05 February 2020 /regulation /retail