Andrew Beatty

Join the Community

21,740

Expert opinions

43,807

Total members

488

New members (last 30 days)

188

New opinions (last 30 days)

28,608

Total comments

Join Sign in

Head of Wealth, Retirement & International

FIS

Member since

17 Sep 2018

Location

Toronto

View Andrew Beatty's full profile

Andrew's opinions

Modern Transactional Accounts: Where Banking Meets Life

My previous blog charted the rise and decline of checking accounts. This blog considers how smart banks can repurpose them for the modern age as transactional accounts. This requires more than a name change – it needs investment in technology to elevate the role of this account as a crucial and integral customer touchpoint. Let’s explore how tech...

22 July 2021 /people /retail Banking Strategy, Digital and Transformation

The End of Checking As We Know It

Long Live Transactional Accounts! Will checking accounts go the same way as physical checks? With an annual decline of ~20% it’s probably safe to say that the check’s days are numbered. But still, for most people, the checking account remains a critical staging post for funds that are destined for other purposes. This blog considers the evolution ...

08 July 2021 /retail /predictions Banking Strategy, Digital and Transformation

Distributed Ledger Technology in Banking: Friend or Foe?

My previous blog explored the lexicon of Bitcoin, blockchain and distributed ledger technology (DLT). As Julie Sweet, CEO of Accenture, suggests: “Blockchain is moving beyond cryptocurrency, and it's worth paying attention – especially since successful prototypes show that blockchain, also known as distributed ledger technology, will be transforma...

17 June 2021 /retail /wholesale Banking Strategy, Digital and Transformation

Beyond Bitcoin and Blockchain: What DLT May Mean for Banks

Distributed Ledger Technology (DLT) may be the next phase of the digital revolution. Tech entrepreneur Rick Falkvinge boldly predicts that “Bitcoin will do to banks what email did to the postal industry.” There’s keen interest in cryptocurrency, and banks need to plan whether and to what extent they will participate. Confusion often surrounds the ...

03 June 2021 /retail /crypto Blockchain in Banking and Financial Services

Digital Treasury: A Strategic Advancement

Digitalization holds the promise of reshaping the management of treasury, with the power and potential to redefine and advance the role of treasury managers. This blog considers how automation frees treasurers from the burden of the mundane so they can contribute more to their business’ strategy and improved bottom line, and how banks can help the...

20 May 2021 /wholesale /predictions Banking Strategy, Digital and Transformation

Commercial Banking in Today’s Open Banking Environment

Playing Catch-up With Retail? Open banking is more akin to a journey than a destination. Almost all retail banks have a roadmap for modernization, and many are making good progress, with innovative solutions that increase customer convenience and reduce friction. Unfortunately many commercial banks are lagging behind, possibly because the incentiv...

06 May 2021 /wholesale /predictions Banking Strategy, Digital and Transformation

The Future of Credit

Why Commercial Lending Must be Digital and Real-Time When the Internet age arrived, banks became known for using leading-edge technology to solve complex business challenges. In the decades since, they have tried to keep pace, with varying degrees of success – but many are now coming up short. Retail banking is falling behind other sectors in the ...

22 April 2021 /wholesale /predictions Banking Strategy, Digital and Transformation

The Digital Future of Commercial Banking

Digital transformation isn’t only about retail banking. Commercial banks also need to transform. Let’s face it, most of the conversation about digital banking transformation is dominated by retail. Perhaps that’s because retail banking is generally more familiar. Almost everyone knows something about retail banking, and it’s easy to compare a digit...

08 April 2021 /wholesale /predictions Banking Strategy, Digital and Transformation

Digital Lending and the New Financial Ecosystem

In a financial world that’s increasingly open and subject to ever-emerging competition, there’s a compelling case to be made for the importance of “ecosystem” participation and collaboration. This blog explores how digital lending empowers banks to improve the customer experience and enter new and more diverse markets through partnership. Success ...

25 March 2021 /retail /predictions Banking Strategy, Digital and Transformation

Payments and Lending Converge: Reinventing History or the Wave of the Future?

The financial services industry has entered a new era where technology determines the brand experience, what customers do, and where they go next. Jim Marous, co-publisher of The Financial Brand suggests, “Financial institutions must be able to deliver an easy-to-navigate, seamless digital platform that goes far beyond a miniaturized online bankin...

11 March 2021 /payments /retail Banking Strategy, Digital and Transformation

Community