244 Results from 2022, /retail
Alex Malyshev CEO, Co-founder at SDK.finance, FinTech software provider
Today, cloud computing is a crucial component of the banking and financial services industry. The American Bankers Association estimates that more than 90% of financial institutions use cloud solutions for some or all of their banking activities. However, despite the widespread use of cloud computing in fintech, most banks are still hesitant to tr...
20 October 2022 /retail /cloud Cloud Banking out of the Box
Nick Green Director at Purple Patch Broking Ltd
During economic uncertainty, fintechs and all other credit providers face a very different landscape. The real risk of global and national recessions means that net interest margins are wafer-thin. Business as usual (BAU) costs are unusually high. Ultimately thriving in an uncertain environment with shrinking margins, increasing competition, and d...
20 October 2022 /regulation /retail Fintech
Fatemeh Nikayin Co-Founder at Rivero
Account-to-account transactions, otherwise known as ‘pay by bank’, is a fast growing payment trend that leverages existing payment infrastructure and new open banking protocols to securely make a transaction. Thanks to its low fees and high security it's becoming a popular payment topic, but some pressing issues could come to light as the technolo...
19 October 2022 /payments /retail SEPA and European Payments
Joris Lochy Product Manager at Intix | Co-founder at Capilever
In some of my previous blogs (cfr. "Is a new bank consolidation wave inevitable?" - https://bankloch.blogspot.com/2021/03/is-new-bank-consolidation-wave.html and "Neobanks should find their niche to improve their profitability" - https://bankloch.blogspot.com/2020/12/neobanks-should-find-their-niche-to.html) I already shared my...
18 October 2022 /retail /startups Fintech, you get me!
While the consumer price index measure of inflation hit 9.9% in the year to August 2022, marking a small fall, following a 40-year-high of 10.1% in July – it is still well above the Bank of England’s 2% target. The squeeze on business operating costs is also reflected in the latest retail prices index (RPI), as it hit 12.3%. Fintechs are absorbing...
18 October 2022 /payments /retail Financial Supply Chain
Anoop Gala EVP - Financial Services at Orion Innovation
Although digital transformation was seen as a luxury for financial services companies in the pre-pandemic era, today it’s a necessity for every organization in the industry. Global investments in digital transformation are on track to reach $1.8 trillion in 2022, a 17.6% increase from 2021. And it won’t stop there: spending is expected to double b...
17 October 2022 /retail /predictions Banking Strategy, Digital and Transformation
Maria Schuld Head of Regional and Community Banking at FIS
As U.S. small businesses strive to carefully manage their finances and overhead, they should look to community and regional bank partners for innovative financial products. Local bankers serving local businesses remain foundational to small businesses’ financial success. These smaller firms often need the services large global banks offer and sho...
17 October 2022 /retail Banking Strategy, Digital and Transformation
Aurélie L'hostis Principal Analyst at Forrester Research
Consumers around the world are facing a cost-of-living crisis. Those in vulnerable circumstances will be hit hardest. In the UK, 89% of adults reported an increase in their cost of living in August 2022. Sixty percent of those who reported a rise in the cost of living between August 3–14, 2022 say they are spending less on nonessentials as a resu...
13 October 2022 /retail Consumer Financial Health
Stan Cowan
We’re now entering a new age of digitalization. Simply providing banking consumers with digital access to accounts and services is no longer enough to remain competitive, retain account holders or improve cross-sell ratios. Financial institutions (FIs) must do all of this quickly, accurately and seamlessly end-to-end. In other words, experience is...
12 October 2022 /retail /crime Financial Risk Management
Retired Member
The issue of whether to outsource a transformation project or lean on in-house expertise is a question many Executives wrestle with. It may seem safer to keep control and offer personal development to in-house teams – after all they have the legacy system knowledge. But will playing it safe differentiate you from your competitors? True innovation ...
11 October 2022 /retail Fintech innovation and startups
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