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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.
Retired Member
It’s encouraging that Britain’s banking watchdog, the Financial Conduct Authority (FCA), is backing more aggressive deployment of the weapons of artificial intelligence (AI) and machine learning (ML) in the fight against crime. However, this poses a dilemma for the main players in the financial services industry. While, the FCA has been demandin...
17 August 2018 /ai /security
Modern technology and digital behaviors have conspired to create a new generation of banking customers where easy has become the new loyal. Customers get that first impression about your bank during the onboarding process. This even plays a vital role in growing revenue. When customers realize the speed and convenience you operate during the onboa...
09 August 2018 /retail
PSD2, the European regulations for Open Banking, is designed to allow a more open and competitive Financial Services sector across the EU. There are pages and pages of information on managing the market, allowing companies large and small to compete, and the Security / Strong Authentication required to allow 3rd parties open access to banking APIs...
02 August 2018 /security
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
The banking sector is doing most of the strong e-ID services needed in Finland. There are some 4000 organizations and all of the public sector using this services (dating back to the early 90s..). Central bank statistics reveal continuing strong growth also in 2017: 2014: 56,2 million times 2015: 69,4 2016: 84,7 2017: 100,9 (a suitable and very val...
29 July 2018
For any bank considering a cloud migration, the key to success is having an inventory of applications and a future roadmap of how these will change going forwards. In both of these areas, banks do seem quite well prepared. However, banks are currently only making limited use of private cloud, but are doing enough to explore and understand general c...
28 July 2018 /ai
Richard Miller Product Owner at RegDefy (MV37)
As ever, in the world of Distributed Ledger Technologies (DLT) and blockchain, timing is critical. Although we saw great strides taken up until about a year ago, it was clear that other technologies such as cloud and artificial intelligence had advanced more rapidly, so firms were investing more time in these areas. However, within the last 12 mon...
26 July 2018
Despite the size of the market increasing, correspondent banking remains under pressure due to the cost of compliance, reputational risk and shrinking margins. Can technology strike the balance between de-risking and financial inclusion? A broader distribution of global wealth created new opportunities as well as obstacles for the financial sector...
When I wrote first about APIs (Apitalism: API Monetization and Open Banking Ecosystems), I planned it as one time article on the topic but the interest it gathered encouraged me to write more. This time, I want to talk about open banking related business opportunities a little bit. Actually, the number of resources that tell opportunities to exis...
22 July 2018
The traditional banking business model is no longer sustainable. Just as the ‘GAFA’ technology firms (Google, Amazon, Facebook, Apple) have set the standard for the sharing economy, so too banks need to adapt their models to compete in a new world of customer expectations. Although moves by large tech firms into financial services have been limit...
17 July 2018
Mark Jackson Managing Director - Product & Capabilities at Valuedynamx - a Collinson Company
Earlier this year, Starling Bank and Monzo became the top two banks in terms of customer satisfaction in the UK, knocking incumbent First Direct from the number one spot[1]. Interestingly, this news coincided with a decline in interest in app-only start-up banks, with lack of trust being one of the key deterrents. In fact, trust in banks holding a...
16 July 2018 /startups
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