In the midst of economic uncertainties and emerging challenges, traditional insurance and banking business models face threats that demand adaptation as a necessity rather than a choice. While banks have made some progress in their transformations, they still lack the leadership required to unlock new business and operating models that can restore...
22 September 2023 /retail /predictions Artificial Intelligence and Financial Services
Embedded Finance: Redefining Financial Services Small businesses starting today may never interact with a conventional bank. By logging into their e-commerce or accounting platform, they can open a deposit account, order a debit card, and meet most of their financing needs. The operators of these platforms are not usually banks. Rather, they are s...
31 May 2023 /retail /inclusion Artificial Intelligence and Financial Services
INSPIRATION FROM RESPONSIBLE AI-USE CASES IN FINANCIAL SERVICES AND RETAIL Pause or accelerate AI-development? Some of the biggest names in tech are calling for artificial intelligence labs to stop the training of the most powerful AI systems for at least six months, citing “profound risks to society and humanity.” Elon Musk was among the dozens of...
10 May 2023 /retail /predictions Artificial Intelligence and Financial Services
Unlocking the Future of Finance: The Bold New World of Open Finance We are moving towards an open finance world in which customers decide who they share their data with. Open finance refers to a transformative movement in the financial industry that enables secure and regulated access to financial data and services through open APIs, fostering inn...
19 April 2023 /retail /predictions Banking Strategy, Digital and Transformation
The current banking climate is facing a lot of changes and challenges that banks need to address urgently. Credit Suisse was recently acquired by UBS for $2 billion, while Silicon Valley Bank was split over First Citizens and HSBC. Additionally, the FED and ECB have raised interest rates, and the global workforce is shifting towards being mostly m...
05 April 2023 /wealth /retail Banking Strategy, Digital and Transformation
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