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Kanika Hope

Chief Strategy Officer
Temenos
Member since
26 Jan 2016
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London
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Followed by John Sims, Martha Boyle and 5 others you follow
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Kanika's opinions

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Kanika Hope

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

Kanika Hope

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

Kanika Hope

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

Kanika Hope

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

Kanika writes about

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Kanika's opinion archive

  • 2023 (3)
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Andrew Reeves
Managing Director, SaaS Business Office at Temenos

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Jeremy Boot
Product Strategy Director at Temenos

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Anuradha Iyer

Anuradha Iyer
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