Latest opinions that Kanika Hope has shared on Finextra

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Kanika Hope

Chief Strategy Officer

Temenos

Member since

26 Jan 2016

Location

London

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Kanika's opinions

An uncertain future for challenger banks

Challengers face an uncertain future. Some will run out of cash, some will get acquired by incumbents or even the more successful challengers, and then there are those that will succeed independently. So what are the possible outcomes? Shut Down: Of ~630 launches since 2010, ~180 challenger banks have ceased operations due to lack of sustainable r...

11 December 2023 /startups /predictions Banking

A turning tide for challenger banks?

The climate has changed for fintechs and challengers this year. They are entering unchartered territory in a rising interest rate and recessionary environment with tightening funding and incumbent fightback. Their competitive edge around niche propositions, superior customer experience and rapid growth is being eroded by a number of factors. Fund...

04 December 2023 /retail /startups Banking Strategy, Digital and Transformation

Profitability – the holy grail for challenger banks

Kanika Hope, Chief Strategy Officer at Temenos Challenger banks have been a growth story in banking in the last decade. Today there are ~450 challenger banks globally worth $300B in 2022 compared to 100 in 2017 worth 161B. However only 5% of non bank-owned challengers are profitable. Despite low operational costs, the average cost income ratio of c...

27 November 2023 /retail /startups Trends in Financial Services

Open for business: open banking for corporates and SMEs

Kanika Hope, Chief Strategy Officer, Temenos The success of open banking is pivoted on the tangible business value delivered to end-customers whether they are retail consumers or small to medium enterprises (SMEs) or larger corporates. Open banking was first adopted by retail banks but also has great potential in the corporate and SME banking sect...

19 September 2023 /payments /sibos Open Banking

A New Approach to Digital Transformation Using Disruptive Technologies (Part 3)

Transformation challenges The widespread uptake of disruptive new technologies is exacerbating the pressures facing retail banking today, thereby driving a fundamental change in the structure of the industry: the digital-driven disintermediation of the banking value chain. The COVID-19 pandemic has rapidly changed consumer mindsets and circumstanc...

25 October 2021 /retail /cloud Banking Strategy, Digital and Transformation

The Retail Banking Capability Model of the Future (Part 2)

Kanika Hope, Chief Strategy Officer, Temenos The widespread uptake of disruptive new technologies is exacerbating the pressures facing retail banking today, thereby driving a fundamental change in the structure of the industry: the digital-driven disintermediation of the banking value chain and the divergence of manufacturing and distribution. Th

28 September 2021 /retail /cloud Banking Strategy, Digital and Transformation

Disruptive Technologies Accelerate Digital and Open Banking (Part 1)

Distruptive Technologies Today, a nexus of disruptive technologies is becoming omnipresent in banking. In a survey we commissioned with the Economist Intelligence Unit (EIU) with 305 global banking executives relating to the digitization of banking, 66% said that new technologies will continue to drive global banking in the next five years, over

06 September 2021 /retail /cloud Banking Strategy, Digital and Transformation

New technologies accelerate the digital banking revolution

This year’s Economist Intelligence Unit (EIU)’s report “Forging new frontiers: advanced technologies will revolutionize banking” based on a global survey of over 300 senior banking executives, highlights the role of new technologies in driving the digital transformation of banks in the coming years to help them gain competitive advantage, as they

20 July 2020 /cloud /covid-19 Banking Strategy, Digital and Transformation

Open Banking and Beyond

According to the Economist Intelligence Unit (EIU) report: “A whole new world: How technology is driving the evolution of intelligent banking”, respondents cite open banking as the top strategic priority by 2025. 41% of respondents also consider acting as a true digital eco-system as well as a hybrid model of aggregating third-party products in a...

06 February 2020 Open Banking