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Digital Banking trends and Industry Intelligence for Bankers, Fintechs, and Solutions Providers
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Shailendra Malik SVP - Tech Delivery (Enterprise Search) at DBS Bank
Gamification solves a few primary needs of the Lifestyle apps. It engages users and builds the stickiness of the app. Users want to keep coming back and see if they can get more out the rewards or not. This is an inherent human psychology to try to unveil the unknown and a game that introduces a simple element of chance and some simplified puzzle ...
05 August 2018
Gamification is not new. In fact, the idea of rewards owes its massive success to games and their complex rewarding mechanisms. Be it the newer Mobile games like Brawl Stars and their most successful Clash of Clans to the old days of RPG games, the concept of completing missions or tasks to get some rewards or items unlocked for the rest of the ga...
02 August 2018
In my last post I explained the potential of Banks investing their effort to build Lifestyle Apps and create an ecosystem that helps everyone. The question remains, will people move away from generic lifestyle apps and adopt the ones created by the banks? Please note I will be specific to Singapore market in some contextual examples. What new red...
31 July 2018
Banks claim to understand the customer’s the best. The argument goes follow the money to know the priorities. People may claim differently but they usually buy what they feel hold the right value and more often than not, not being a cashless economy the money trail is there with the banks. They know what we like, what we spend on, what is importan...
30 July 2018
Vaibhav Grover Head-Global BFS Offerings & Capability at Sutherland
Banks' dilemma- Customers happily married to "Digital" Banking..still having an affair with "Branch" Banking : Is virtual banking the answer? Today, the traditional distribution channels like bank branch network are undergoing massive transition. The banks are moving towards a digital world at a very fast pace. Many banks have l...
30 July 2018 /retail
Retired Member
A new concept could replace PFM in its current form. Is there anyone who hasn’t read a blog post or white paper about how personal financial management (PFM) is dead? PFM tools have come under fire because of their flawed and not so user-friendly features. No wonder that customers are still not fans. They largely ignore the possibilities PFM of
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Central Bank statistics reveal continued growth in both banking contracts and its use for e-invoicing Consumers signed up: 2015: 6,230 million (entire population is 5,5 - so many are paying for service in more than one bank). 4,0 million use e-invoicing. Easy and convenient as mobile ad hoc or direct debit-like authorization is included. 2016: 6,4...
29 July 2018
Every age or generations have their unique relationship with money. In past 100 years we saw multiple global conflicts, both militarily and financial in nature. That has hugely affected the way people perceive and relate to banking, but certain relationships remain constant. You may see banking differently but your relation to money is constant. T...
29 July 2018 /retail
Fintech - Financial Technology has greatly disrupted the way that banks and financial institutions operate today. Think about it, today its hard to imagine not using Paypal. But just like Paypal totally disrupted the financial system, we have a whole suite of changes that are just around the corner. I turned to nine financial experts to predict the...
18 July 2018 /wholesale
Rajesh Y Consultant at Infosys
With increase in mobile banking and transactions, banks are increasingly looking at new ways of providing a secure and yet convenient way of authenticating its customers. Fintechs, banks and vendors are also working towards providing the customers a seamless and user friendly experience while providing them the security and comfort that they can
13 July 2018
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