239 Results from 2015, /retail
Retired Member
Following NextBank Barcelona, Devie Monhan wrote a great piece about how banks are investing in FinTech, part of which jumped out at me: "The FinTech firms are putting more pressure on banks to innovate and launch customer-centric offerings, and investing in FinTechs to build these offerings is another way banks have responded to the increased...
29 October 2015 /retail
The rising availability of customer data means customer-centricity should be the top priority of every financial institution today. Faster moving, less regulated industries like retail and digital services have been quick to capitalise on the opportunities to improve the customer experience that data has afforded them. Comparatively retail banks, ...
Rich Wagner CEO at APS
When George Osborne announced that newly established challenger banks would no longer be exempt from the 8% tax that applies to the biggest banks, many of those at the helm of these new businesses will have swallowed – hard. They had expected to be let off, arguing that the levy should only apply to global banks of systemic importance, not the sma...
28 October 2015 /payments /retail
Kirsty Berry Head of Product Marketing & Market Analytics at Compass Plus
Increasing numbers of UK consumers are downloading mobile banking apps and utilising them for everyday financial transactions, whether checking balances or transferring money between accounts. Research from CACI and the BBA suggests that customers will use their mobile device to check their current accounts 895 million times in 2015 in the UK, mor...
28 October 2015 /retail
Benjamin Thorpe Director at Glory
Everywhere you look these days someone, somewhere, is monitoring something; CCTV on the streets, speed cameras on roads, entry and exit cameras in car parks, even your location via your Smartphone Apps, the list is endless. Not surprisingly that list includes the ATM you walk up to when you need cash; how else will someone know that it needs more ...
If I remember one thing from university it is Pascal’s Wager. Blaise Pascal was a seventeenth century French philosopher, mathematician & writer. One of Pascal’s most famous works was the Pensées (Thoughts), which was published posthumously in 1670. His best known “thought” is often called Pascal’s wager and it goes like this: You start by
Ivy Schmerken Editorial Director at FlexTrade Systems
MiFID II is going to boost transparency in financial markets and improve and broaden best execution standards for the buy side, but not everyone is prepared to handle all the data. Last month, the European Securities and Markets Authority (ESMA) published the final regulatory technical standards for MiFID II/MiFIR detailing its vision for how the ...
27 October 2015 /retail
As of today banking industry has been experiencing most challenging times in its history because of Digital Disruption. Every banker agrees that there is a great risk of losing market share against new Fintech players, which means losing customers, profit and staff soon. Artıficial or not, we all need intelligence for sure – as soon as possible. A...
24 October 2015 /retail Innovation in Financial Services
Alex Noble Account Director at McAfee
It’s been fascinating having the equivalent of a ringside seat for the London and New York rounds of the Barclays Techstars Accelerator. The two cities have some of the most innovative FinTech start-ups and some of the more supportive government and digitisation environments. [Disclosure: I’ve been one of the start-up mentors partnering with Ba...
22 October 2015 /retail Innovation in Financial Services
Bernd Richter SVP - FIS Impact Ventures at FIS
Nobody disputes that it’s tough to succeed in today’s retail banking industry. Some would argue that only a magic bullet could transform the fortunes of ‘traditional’ banking in the post-Google and Amazon world. If such a bullet existed, what would be included in its list of superpowers? Ideally, it would cut operating costs. It would drive the a...
19 October 2015 /retail
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