218 Results from 2020, /retail
Paul Shumsky Founder at @Finpace.tech
Mobile banking industry is one of a few to keep growing tremendously despite all the challenges the world is facing in 2020. The growing trend is very much similar across many regions leading to a great demand on technology and solutions. This situation often leads to inappropriate decisions in terms of the resource and product planning. Digital ...
22 June 2020 /retail /startups Digital Banking Trends
Ilia Dragan Co-Founder | Chief Product Officer at ShoppingOS
According to the second Payment Service Directive (PSD2), all the financial institutions that provide payment accounts (ASPSPs) - banks, e-wallets, prepaid cards, neobanks and e-money institutions with their agents - must have in place at least one channel for secure communication with third party providers (TPP). They can choose to offer a dedica...
18 June 2020 /regulation /retail Banking Regulations
Andrew Beatty Head of Wealth, Retirement & International at FIS
According to George Westerman, research scientist with the MIT Sloan Initiative on the Digital Economy: “When digital transformation is done right, it’s like a caterpillar turning into a butterfly, but when done wrong, all you have is a really fast caterpillar.” The worldwide upheaval from the coronavirus unceremoniously revealed which banks float...
18 June 2020 /retail /covid-19 Banking Strategy, Digital and Transformation
Mark Aldred Head of Sales at Auriga
COVID-19 and the lockdown has had a profound effect on all aspects of our economy and society. This includes banking and access to money. Indeed, as recently reported in Finextra, MPs wrote to the Chancellor and asked him to act now to protect the UK cash infrastructure from imminent collapse, as people shun ATMs due to the Covid-19 outbreak. Th...
Retired Member
The payments market opportunity Ecommerce is big business. Emarketer has predicted that global ecommerce sales will reach $5 trillion by 2021, following sustained annual growth rates of more than 20%. In turn, this flourishing market generates billions of dollars of fees for the payments companies that enable it. Little wonder, then, that an array...
17 June 2020 /payments /retail The Payments Business
Evolution and opportunities – what will be forthcoming in the collections and recoveries ecosystem? In the current situation, some individuals and businesses who ordinarily would not have had cash-flow problems, are now faced with the prospect of missed repayments, seeking payment holidays and searching for additional credit facilities to help pay ...
16 June 2020 /retail /covid-19
Jim Craig Co-Founder at Conotext
Beyond the pandemic and the economic tsunami it has caused, there are some parts of the financial industry that will never go back to the way things were. And the one that sticks out the most is how traditional banking will be redefined in coming years. A digital transition was certainly underway. But for most financial institutions (FIs), that sim...
15 June 2020 /retail Marketing in Financial Services
Gustav Korobov Senior Sales Executive - Core Banking platform at Advapay
At a time, when banks are finalizing their Open APIs, fintechs are developing their superb applications, and consumers are thinking whether they need Open Banking or not, I decided to share my thoughts on what the opportunities and risks will Open Banking bring for all market participants. Open Banking is a banking initiative that was developed to...
12 June 2020 /payments /retail Fintech
Winston Churchill tells us never to waste a good crisis. While it’s hard to find good in the current COVID-19 pandemic, challenging times do prompt us to question the status quo and find new answers, more quickly. Our financial world has been able to weather this global crisis thanks to always-on digital banking services. We’re at an inflection po...
11 June 2020 /retail /covid-19 Digital Banking Trends
Mattia Bruzzi EMEA Banking Sales Director at Earnix
I know the title of this article may sound funny or even pretentious but believe me, this is how I felt when I was recently contacted - twice - by my bank for an offer to show me how they (think, Ed.) care about me. I won’t reveal the name of the bank because I strive to be a fair gentleman so I will just say that it is a Large European bank which ...
10 June 2020 /people /retail Financial Product personalization
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