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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.
Ron Cogburn CEO at Exela Technologies
“It is a capital mistake to theorize before one has data.” Sherlock Holmes This is a repost from my recent article for the Forbes Technology Council; Data is one of the most valuable resources that can be acquired today. You’ve probably heard the phrase “Data is the new oil.” In fact, data has the potential to be much more valuable, and more vers...
14 July 2020 /payments /wholesale
Anand Melwyn Menezes Senior Vice President - Temenos Services at Maveric Systems
The global banking system had been witnessing a positive streak for the past few years with stable ratings across most countries. It was progressing towards and preparing itself for the next wave of disruption with blockchain and AI-backed technologies as its epicenter. However, in January, the world was hit by COVID-19, a pandemic no one ever saw...
09 July 2020 /covid-19
Andrew Beatty Head of Wealth, Retirement & International at FIS
Banking and payments are no longer limited to banks, and it’s a transformation that’s only just begun. People want banking integrated into their daily lives and payment services that eliminate friction. In this blog we take a look at what banks need to do to adapt. Almost all bank systems and processes are firmly rooted in the past, reflections of...
09 July 2020 /payments /retail
Josh Li Chief Business Officer at Roxe
Central banks are asking themselves a key question: “Are we ready for a Central Bank Digital Currency?” A Central Bank Digital Currency (CBDC) is drawing closer for many nations: In a Bank for International Settlements (BIS) survey, 70% of responding banks said they are engaged in, or planning to begin, work on a CBDC. Central banks that adopt a C...
08 July 2020 /payments /crypto
Mike Laven CEO at Currencycloud
In 1974, the Herstatt Bank in Germany collapsed after making a series of wrong moves on the foreign exchange markets, ending up with DM470 million in losses (worth the equivalent of nearly USD 1 billion today). This forced Herstatt into insolvency before it could settle accounts with counterparty banks, putting client funds at risk. The failure of...
01 July 2020 /payments
Saloni Ramakrishna Author; Senior Director at Oracle
Since the last post, other banker friends joined the conversation of shrunken transactions and the resultant Margin compression. As I said in the first blog, the trigger was a sizeable fall in the transactions (both in volumes & value) of the banks. (https://www.finextra.com/blogposting/18844/profitability-paradigm-moving-from-business-continui...
29 June 2020 /retail /covid-19
Noted author GK Chesterton once wrote, “There are no rules of architecture for a castle in the clouds.” He penned those words nearly a century ago, but they still ring true when talking about today’s modern cloud technology and cloud computing. These days many banks are looking to the cloud for answers – and rightly so. The current economic whirlwi...
25 June 2020 /retail /cloud
Lyndon Hedderly Director, Customer Solutions at Confluent
Amidst the COVID-19 crisis, my nine-year-old daughter’s adoption of digital technology accelerated overnight. She suddenly had to master email, an online calendar and Google Classroom for homeschooling. She did this on an inherited iMac, older than she is. I was largely tasked with supporting this transition, whilst juggling my own day-to-day work...
25 June 2020 /cloud /covid-19
Simon Wilson MD, Transaction Automation at valanticFSA
There are decades where it feels like nothing happens, and there are weeks where decades seem to happen. In just a few months, COVID-19 has swept around the planet, more than half the world’s population has been forced into lockdown, far too many lives have been lost and entire industries have shutdown. A crippling global recession seems inevitabl...
24 June 2020 /payments /covid-19
Retired Member
The financial services industry has seen ISO 20022 grow firmly over the last 15 years. What was then a small pocket of countries tackling migration has now become widespread adoption for domestic and international payments. And with momentum building, it is clear that IS0 20022 is playing a foundational role for banks in the transformation of their...
22 June 2020 /payments /regulation
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