162 Results from 2018, /retail
Marten Nelson Co-founder and CEO at M10
In the digital world banks can win by doing more of the same... What is a bank? A place to store money? Yes, but keeping cash under the mattress doesn’t make a bank of your bed. A lender? Sure. But today you can get a line of credit from almost anywhere. A payments facilitator? Absolutely. Yet banks need third-party tech, independent networks, proc...
23 November 2018 /retail Open Banking
Retired Member
One of the most important aspects of being a successful person is knowing that “you can’t do it alone.” Something I learned at a very early age is that you are only as good as the people you surround yourself with. Hurdling may be an individual sport, but I wouldn’t have reached the top of the podium at the 1992 Olympics without the help and suppo...
20 November 2018 /retail Payments strategies 2015-2020-2030
There are many Bank branches (Retail Banks) operating across India. Do we really need so many branches of the bank to tap customer base? I personally feel going forward there will be following activities happening in the retail-banking arena • Consolidation of Banks will lead to better Service, reduction of operation cost by closing down branches...
15 November 2018 /retail Disruption in Retail Banking
Kunal Patel Product Director at Worldpay
Digital transformation is nothing new, in fact it’s probably one of the most talked about subjects I have ever come across, there are differing opinions on what the priorities are. I have been involved in a number of digital transformation projects myself, and I can see where some of the challenges are, esp. in the targeted larger organisations t...
12 November 2018 /retail
To ensure your employees succeed, I suggest the following plan for recognizing and rewarding small accomplishments: Publicly Recognize Your Hard-Working Employees Perception and optics matter. Recognize achievements, celebrate milestones, and strengthen bonds by publicly acknowledging small wins. Create a culture that is built for future success....
08 November 2018 /retail Payments strategies 2015-2020-2030
Account Number portability (ANP) is set to be a game-changing year for retail banking in EU. As the PSD2 (Revised Directive on Payment Services Directive) becomes implemented, Customer are provided with various option such as AISP, PISP, Account Portability. All would have heard of Mobile Number Portability (MNP) where customer have the choice of...
08 November 2018 /retail Disruption in Retail Banking
Matthew Phillips Head of Banking, UK and Ireland at Diebold Nixdorf
The question of whether financial institutions (FIs) should be required by law to do more to protect their customers’ interests has been debated for several years, with many suggesting that regulations should be changed to make FIs do more. It is not difficult to see how this question has arisen: our increasingly digital world has generated a rapi...
08 November 2018 /security /retail
Andrew Beatty Head of Wealth, Retirement & International at FIS
The concept of Direct Banking – an online and mobile only bank – delivers serious bottom-line benefits, for those with a well-defined strategy. Direct banks have become a popular means of driving deposit growth to underpin lending, and to meet customers' increasingly demanding expectations for an on-demand, digital and mobile banking experience. Th...
07 November 2018 /retail Digital Banking Trends
Sameer Singh Jaini CEO at www.TheDigitalFifth.com
Fintechs have shown the path of digital innovations across payments, lending, wealth, insurance etc. As their business model is almost 100% focused on digital innovations (even if overall business may be pure digital or phy-gital), they are able to leverage the innovations to create top line as well as bottomline (may be bleeding initially). Legac...
07 November 2018 /retail Innovation in Financial Services
Sarah Jackson
It is said that in time everything changes. Certainly, how most of us feel about borrowing money is likely to change, possibly many times, over the course of our lives. Lenders keen to secure repeat business, therefore, must also change. This means innovating in product design. It also means keeping close track of how their customers’ attitudes a...
05 November 2018 /retail Fintech
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