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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
The relationship between the bank branch and its customers has changed beyond recognition over the years – gone are the days where the branch was king, bankers knew their customers on a personal level, and customers truly trusted their counsel. When they talked about banking, there was trust that the banker would propose the optimum offer based on ...
26 September 2018 /ai
Chriss Andrews CEO at KA2 Limited
According to a recent PwC study… “Up to 30% of UK jobs could potentially be at high risk of automation by the early 2030s.” https://www.pwc.co.uk/economic-services/ukeo/pwcukeo-section-4-automation-march-2017-v2.pdf That's not long – especially when you consider that 20 years ago The Spice Girls were number one in the UK charts with Wannabe. O...
25 September 2018 /retail
Balázs Vinnai President at W.UP
Digital transformation can be a bumpy road for banks. In the past few years, I’ve seen hundreds of attempts at going digital. Many projects end in failure but even if not, most financial institutions have a hard time getting real results. So why do they fall short of their goals? Here are some of the key obstacles to overcome. There are several fa...
Undoubtedly, blockchain represents a conceptual truth, capable of resolving fundamental issues we are currently struggling with. However, let’s agree that the road is long and the overuse of the related buzzwords works contra productive, is time-consuming and is burning wealth. Take bitcoin as an example. It appears to have profound similarities...
22 September 2018 /retail
The travelling salesman problem was mathematically formulated in 1800s by Mathematicians W.R. Hamilton and Thomas Kirkman. Considered as a classic algorithmic problem in the field of operations research, it focusses on optimizing a complex operation. While the problem finds parallels across industries, the complexity often varies and so are the so...
19 September 2018 /ai /retail
Michael Kerman Marketing Executive at Self-Employed
Everyone’s talking about artificial intelligence and machine learning (AI and ML). But what’s often overlooked is the degree to which they depend on good data in order to be effective. It’s a symbiosis that is particularly relevant to compliance, where AI and ML have huge potential to reduce costs and risk. We recently published a whitepaper aim...
18 September 2018 /ai /regulation
James Wooster COO at Glue42
I’ve spent most of my career working in or running software integration businesses. It began with object brokers, then middleware, then ESBs and subsequently included all manner of adjacent technologies including event processing, process modelling and process mining. New application architectures were developed to exploit this infrastructure, ena...
17 September 2018 /inclusion
Marc Murphy CEO at Fenergo
In an increasingly fast-paced and digital world full of hype and buzzwords, it seems like the focus can often be on implementing new and innovative technologies without considering the main purpose of digitalization: to create a better customer experience that increases both wallet and market share. Customer experience is no longer just an added b...
17 September 2018 /regulation /sibos
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
SEPA, PSD2, GDPR etc where only the start. We need more EU and national regulation in the data economy. PSD2 means that there will be standardized access to money data for the application you empower. It was is a huge step towards open data in all sectors. The same should be the case for accounting data - any application producing PL and BS statem...
15 September 2018 /regulation
Among the many critical success factors driving change across the financial sector, some obvious ones stand firmly at the top of the 'to-do' list. Deloitte's 2018 Banking Industry Outlook observes: “For banks globally, 2018 could be a pivotal year in accelerating transformation into more strategically focussed, technologically modern, and operati...
14 September 2018
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