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Banking Strategy, Digital and Transformation

Latest thinking in respect to Banking Strategy, Digital and Transformation. Harnessing our collective wisdom to make banking better. Ambrish Parmar

Alex Kreger

Alex Kreger Founder and CEO at UXDA Financial UX Design

Digital Banking Strategy: Sales Obsession Could Cost $23 Billion

Huge budgets are spent on promoting products that users do not need, and that are not easy and pleasant to use. Product designers and user experience specialists often work under marketing departments in banks and become hostages to the race for profit. Unfortunately, a profit-driven mindset and culture ruin the banks' digital transformation and b...

/retail

Maria Schuld

Maria Schuld Head of Regional and Community Banking at FIS

Making Sustainability a Common Practice

Many financial institutions lay claim to sustainability with Going-Green objectives as an element of their culture as well as an on-going commitment to their customers. But getting these intentions ingrained into a bank or credit union takes more than a press release. Sustainability as a widespread practice requires consistency, commitment, and ac...

/retail /markets

Joris Lochy

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Beyond Imagination: The Rise and Evolution of Generative AI Tools

Generative AI has revolutionized the way we create and interact with digital content. Since the launch of Dall-E in July 2022 and ChatGPT in November 2022, the field has seen unprecedented growth. This technology, initially popularized by OpenAI’s ChatGPT, has now been embraced by major tech players like Microsoft and Google, as well as a plethora...

/startups

Yuliya Barabash

Yuliya Barabash Managing Partner at SBSB Fintech Lawyers

Threats and risks of implementing digital currency (CBDC) for average person

The European Central Bank (ECB) has announced the transition to the preparatory phase of the digital euro project, marking a significant step in the evolution of the modern financial system. Consequently, the concept of a central bank digital currency (CBDC) is becoming increasingly demanded. It represents an electronic form of the national curren...

/crypto /markets

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

FinOps: Just a Buzzword or the Key to Getting More Out of Cloud Investments?

Introduction to FinOps Services Cloud computing has become an integral part of modern businesses, offering scalability, flexibility, and cost efficiency. However, the escalating complexity of cloud infrastructures pose a challenge in cost management. This is where FinOps steps in. Let's dive into the realm of FinOps, its advantages for businesses, ...

/payments /retail

Alex Kreger

Alex Kreger Founder and CEO at UXDA Financial UX Design

Customer Experience in Banking: Key to the Success of Bank Digital Transformation

The rapid development of digital technology is making new demands on financial brands. Marketing methods that used to work perfectly only a decade ago, don't deliver the expected results anymore. There are so many alternatives available on the market that a pretty package and a catchy slogan aren't enough to convince people to buy and stay loyal t...

/people /retail

Joris Lochy

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Unlocking the Power of AI: Reshaping Financial Services

AI is a hot topic and numerous articles are published stating that financial service companies not adopting AI today risk becoming obsolete tomorrow. However, as with many hypes, the industry’s adoption of AI may not proceed as rapidly as commonly predicted. Just as an example, for the past two decades, experts have been forecasting the obsolescen...

/predictions

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

Why Including KYC and SCA Compliance in Your Payment Security Strategy is Crucial

In today's landscape, safeguarding your customers from threats and ensuring a seamless payment experience is more critical than ever before. Enter Know Your Customer (KYC) and Strong Customer Authentication (SCA) – two pivotal components in achieving these goals. In this article, we'll delve into the ways in which these processes can elevate your ...

/payments /retail

Sergiy Fitsak

Sergiy Fitsak Managing Director, Fintech Expert at Softjourn

How Much Does it Cost to Build a Payment Gateway? - And Other Frequently Asked Questions

For many businesses, creating a secure and effective payment solution is of great importance, whether you opt to construct your own payment gateway or consider other possibilities. By making well-informed choices and utilizing the knowledge of industry experts, businesses can position themselves at the forefront of payment processing, fostering gro...

/payments /retail

Retired Member

Retired Member 

The trend of the times or how decentralized financing is displacing banks

Have you ever heard of decentralized finance? I bet that not many readers of these lines understand what it is and how it can make life easier when it comes to daily payment transactions. The very idea of the DeFi system is a new vision of calculation and exchange in the digital world. It is essentially a new financial technology based on secure d...

/payments /inclusion

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