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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.
Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global
Banks currently hold approximately 25% of the global international remittance market, compared to fintechs and MTOs, which have grown rapidly to command the remaining share. Traditional Money Transfer Operators (MTOs) such as Western Union hold about 15%, while digital-first fintechs like Wise and Revolut are gaining ground, claiming approximately...
10 December 2024 /payments /retail
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Last Friday, I had the opportunity to attend the Digital Finance Summit in Brussels, an annual fintech conference organized by Fintech Belgium. It was a packed day of networking, reconnecting with old acquaintances, and attending insightful keynotes and thought-provoking debates. Clearly, the Belgian fintech scene remains vibrant, delivering exci
09 December 2024 /regulation /people
Retired Member
The Minimum Requirement for Own Funds and Eligible Liabilities (MREL) and the Bank Recovery and Resolution Directive (BRRD) are pivotal components of the European Union's strategy for financial stability. On November 27, 2024, the European Banking Authority (EBA) published its 2024 MREL Dashboard, providing comprehensive insights into the progress ...
02 December 2024 /regulation /wholesale
The UK’s National Payments Vision sets a bold agenda, reaffirming its leadership in global financial services. Processing nearly 50 billion transactions annually, the nation’s payment infrastructure underpins commerce, inclusion, and economic growth. Now, as the landscape changes, the UK stands ready to further modernise, striking a balance betwee...
02 December 2024 /payments /regulation
Luigi Wewege President at Caye International Bank
The financial services industry is undergoing a seismic transformation, driven by rapid technological advancements, shifting customer expectations, and evolving regulatory frameworks. At the heart of this change lies the dynamic interplay between fintechs and traditional banks. Once perceived as competitors vying for market share, fintechs and ba...
02 December 2024 /retail /predictions
Throughout my career, working in both financial institutions and fintech companies, one consistent theme has been the use of "Task Managers" (or "Case Managers"). At their core, these systems function as task inboxes, assigned to one or more employees and often following a structured workflow. Despite their importance, you mig
19 November 2024 /regulation
Seth Perlman Global Head of Product at i2c Inc.
Key Takeaways: The banking industry is evolving digitally, driven by AI adoption, economic uncertainty? and the need for enhanced consumer privacy and automation, making seamless digital transformations essential for success. Maintaining a strong consumer experience is crucial during digital upgrades, as it can increase revenue, lower costs an...
18 November 2024 /payments /predictions
Banks face growing competition from Money Transfer Operators (MTOs) and fintech firms in the cross-border remittance space. These challengers offer speed, lower fees, and user-friendly platforms, putting pressure on banks to innovate. The Strategic Role of FX Solutions in Remittance Services FX solutions provide a strategic advantage, enabling ban...
18 November 2024 /payments /retail
Prashant Bhardwaj Innovation Manager at Crif
As Generation Z enters the financial world, banks face an unprecedented challenge: adapting to the expectations of a tech-savvy demographic while maintaining their existing customer base. With over four million Gen Z members projected to open new bank accounts each year through 2026, financial institutions must innovate to capture this emerging ma
17 November 2024 /people /inclusion
Prakash Pattni MD, Financial Services Digital Transformation at IBM Cloud
From managing cyberattacks to navigating outages and preparing for evolving regulations, an enterprise must be able to demonstrate strong resiliency. This is especially critical for those in highly regulated industries, including financial services. With regulations on the rise, such as the upcoming deadline for the Digital Operational Resilience ...
11 November 2024 /regulation /cloud
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