3858 Results from /retail
Retired Member
Cloud and cost control. It fits like a glove, doesn't it? I read with interest in the Ovum report, "The Critical Role for Cloud in the Transformation of Retail Banks", that there has been a shift in the attitudes and priorities of retail banks today. IT cost control is still king. But, as organisations want to react more quickly to inter...
25 November 2014 /retail
It was with great interest that I read the article last week about the plans to launch a new bank called Starling when Anne Boden, former AIB COO, announced her plans for the new digital bank. Along with other new era start-ups like the high street bank Metro Bank, innovative digital players like Starling have a huge advantage over the traditiona...
The emergence of a host of new players in the UK retail banking market is giving the traditional powerhouses food for thought. According to the Office of Fair Trading, the big four banks - HSBC, Royal Bank of Scotland, Barclays and Lloyds – hold about three quarters of the UK’s 50m current accounts. But the landscape is shifting, and challenger ba...
19 November 2014 /payments /retail
It seems you can't get away from the cloud and all the hype that surrounds it. I was browsing through the Ovum report "The Critical Role for Cloud in the Transformation of Retail Banks", which is based on interviews with 200 CIOs from the global retail banking sector. It suggests that cloud is already widespread in retail banking today, ...
18 November 2014 /retail
Max Excell Senior Global Business Development Manager at GBGroup
As you may have already seen, Global payments company NCR has announced that one of its merchant point-of-sale (POS) systems will soon offer Bitcoin support. Merchants have shown an increasing appetite for virtual currency, with more and more offering customers the ability to pay through bitcoins. Shopify recently partnered with GoCoin to enable i...
12 November 2014 /retail
David Gibbard OmniChannel and Digital Banking Evangelist at OmniChannel & Digital Banking
Just when you thought you had the evolution of banking channels figured out I am here to explain the flaw in the latest evolution of banking channels; omni-channel banking. The progression of banking channels has evolved from credit union and bank focused to being about the member or customer experience. From a single banking channel (inside out),...
29 October 2014 /retail
Earlier this year the United Arab Emirates Banks Federation - incorporating the leading banks of the country - announced the launch of a Mobile Wallet project. The project is part of the UAE’s Smart Government initiative, which helped to identify a range of governmental services requiring electronic payments. The Mobile Wallet project also incor...
26 October 2014 /retail
Over recent years, agile new players have entered the in-store payments space, bringing new innovations that offer merchants more competitive, advanced solutions. For example, terminal providers are rolling out new checkout solutions that leave traditional hardware (and software) options in their slipstream. Payment service providers are delivering...
22 October 2014 /payments /retail
"It's a seamless way to split the bill - as opposed to antiquated ways like sending money, or IOUs" Startups around the world are jumping at an opportunity to simplify the bill-splitting process. While the method of how we pay has improved vastly over the years - the way in which we split the bill is as much of a cultural problem as it is...
20 October 2014 /retail /startups Future Finance
Arnab Sengupta Chief Executive Officer at ESG Tech Hub
Introduction: Branchless Banking has been the buzzword for quite some time and many analysts are predicting the closure of a significant number of the branches over the next 5 to 15 years. For example in United States alone, there has been a 50% reduction of average in-branch transactions per month from 11,400 in 2006 to 8,500 in 2010, the branch ...
18 October 2014 /retail
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