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Latest thinking in respect to Banking Strategy, Digital and Transformation. Harnessing our collective wisdom to make banking better. Ambrish Parmar
As the owner, you will also give up ownership if you leave this group.
Yuliya Barabash Managing Partner at SBSB Fintech Lawyers
No need to be afraid of payment systems Businessmen generally prefer traditional banks, choosing to avoid payment systems. Many people believe that classic banks are much more reliable than payment systems. When we at SBSB offer our clients to open an IBAN account with a payment system, they are usually strongly opposed to this. Their first reactio...
14 January 2021 /payments /wealth
Retired Member
Today, you need to know what’s happening in your business in real-time. Faced with pressure from legislation and the emergence of new digital ecosystems and partnerships, traditional banking incumbents compete with new fintech players across the entire financial services arena. The value chains that previously existed are starting to unbundle base...
14 January 2021 /cloud /predictions
Andrew Beatty Head of Wealth, Retirement & International at FIS
Managing change is not easy. This is true for most organizations, and especially for banks. But, as management guru W. Edwards Demining bluntly stated, “It is not necessary to change. Survival is not mandatory.” Let that sink in. Any business committed to future prosperity must overcome fear of the new and embrace change. This blog considers how mo...
14 January 2021 /retail /covid-19
Dmitry Dolgorukov CEO at GiniMachine
These days almost every lender or credit union needs to automate their credit-granting processes to meet customer needs. Hence they face a challenge - purchase of an off the shelf software or invest money in one and only solution. OOTB might be crowded with functions, while custom development time is far too long. The alternative is configurable s...
12 January 2021 /retail
Ruslan Kolodyazhnyi Head of Wirex R&D, CTO at Wirex
The line between fintechs and banks is increasingly blurred for customers of financial services. However, for this particular industry, both players are split by specialization and segments, and despite the polarity, traditional banks have a lot to learn from innovative financial companies. The key difference between banks and fintechs is the spee...
11 January 2021 /retail
Akhil Rao Director at Nth Exception
A key advantage of correspondent banking as a global payment system is that it can reach almost any account in the world. Customer experience has also improved in recent years, with payments becoming faster and more transparent thanks to SWIFT gpi, and it is set to continue with their new offerings. However, other improvements are required to keep...
11 January 2021 /payments /retail
Electronic payments in Canada has seen an immense growth in the last few years and with the onset of Covid, Canadians are more and more moving towards the digital payments as that provides options for contactless and online/mobile banking. There is a growing trend towards these forms of payment even after post-Covid for the convenience and secure ...
10 January 2021 /payments /inclusion
Steve Morgan Banking Industry Market Lead at Pegasystems
The UK fell into recession for the first time in over a decade last year and is on course for a double-dip recession this winter and a far more difficult path to recovery in 2021. Without doubt, COVID-19 has created a tumultuous economic environment and banks have been on hand to aid both businesses and consumers through their hardship. When the p...
06 January 2021 /retail /covid-19
Payments systems have always been complex but critical parts of the banking world. Over the last decade, the payments environment has become much more dynamic, creating even greater challenges for financial institutions. Complex regulatory requirements, outdated and poorly integrated legacy systems and an increasingly competitive marketplace all p...
06 January 2021 /payments /retail
Moises Cohen Chief Banking Officer & Co-Founder at The Floor
Covid-19 has been a transformative experience for banks. With lockdowns and limits on in-person service, banks were forced to quickly arrange for an increased volume of online services. As a result, an influx of customers who formerly did most of their banking at in-person branches have shifted to digital banking, in many cases, for the first time...
05 January 2021 /covid-19 /predictions
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