162 Results from 2018, /retail
Retired Member
Fintech banks are tapping into the huge cultural shifts created by the internet and creating new desires and expectations in the financial services industry. They’re putting huge pressure on the high street retail banks and delivering results in exciting new ways. But with the advent of Payment Services Directive 2 (PSD2) and Open Banking the fint...
20 September 2018 /retail Open Banking
Last Monday, 96% of CYBG shareholders voted to accept Virgin’s all-share offer to merge. It looks like the happy couple is set to create the biggest challenger bank ever in the UK. But behind the headline numbers lies a key strategic reason - matching the personal feel of regional branches with the technological capabilities to answer the growing...
20 September 2018 /retail Disruption in Retail Banking
Overdraft fees have long been a source of contention between banks, consumers, and regulators. The $3 billion (£2.4 billion) in annual overdraft fees collected by UK banks represent money taken away from those who need it most, oftentimes without those people even being aware it’s happening to them. As regulators and the FCA (Financial Conduct Aut...
20 September 2018 /retail Digital Banking Trends
Introduction Non-Performing Asset (NPA) is a trending topic today across the banking industry. It is estimated that Global non-performing assets are around 3.5% - 4.2% of the gross loans and it stood at 3.7% for 2017( Source - https://data.worldbank.org/indicator/fb.ast.nper.zs). It ranges from 48% to .20% across the countries in the world (Source ...
19 September 2018 /retail Innovation in Financial Services
The travelling salesman problem was mathematically formulated in 1800s by Mathematicians W.R. Hamilton and Thomas Kirkman. Considered as a classic algorithmic problem in the field of operations research, it focusses on optimizing a complex operation. While the problem finds parallels across industries, the complexity often varies and so are the so...
19 September 2018 /ai /retail Banking Strategy, Digital and Transformation
Olivier Berthier CEO at Moneythor
As banks are busy digitalizing every corner of their firms to prepare for the "Fourth Industrial Revolution", many seem to be missing a key complement to their digital adoption strategy which is digital engagement. According to RFi Group, true digital maturity is not just about technology, rather it is about having meaningful criteria to...
17 September 2018 /retail Online Banking
Retail banks pride themselves on offering their customers more ways than ever before of transacting with them. With words like 'seamless', they set expectations that where hand offs between teams and channels are necessary, customer information will be passed, understood and actionable by each. And that where processes have to be fulfilled in stag...
12 September 2018 /retail
Regtech” is defined as addressing regulatory requirement through technology to ensure regulatory compliance are met by Bank, Financial Institutions, Insurance companies, Central Banks and other market participants. Regtech are new startup technology companies competing with Fintech companies to ensure regulatory compliance issue are addressed via ...
06 September 2018 /regulation /retail Banking Strategy, Digital and Transformation
Within just a few years, banks will be using AI to ensure that you get the most value from your money – and your data – from the cradle to the grave. Banks are already embedding AI and data analytics into almost every line of business to allow them to deliver services more effectively and efficiently. Already, AI is helping banks prevent fraud an
14 August 2018 /ai /retail
Since PSD2 became effective on 13 January 2018, banks are legally required to open up their customers’ data to third parties – such as challenger banks and digital offerings. The intention is to develop new digital offerings as well as increase competition and make it easier for customers to switch bank accounts: despite more consumers deciding to...
13 August 2018 /retail Open Banking
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