244 Results from 2022, /retail
Ekmel Cilingir Chairman of the Supervisory Board at European Merchant Bank
The value of the global financial technology (fintech) market was USD 112.5 billion last year. The same market is projected to grow threefold to reach USD 332.5 billion over the next six years. This growth is sending a clear signal to the banking sector: a new aggressive player has joined them at the poker table and, if they do not act, it will ta...
10 October 2022 /retail /predictions Fintech
Jeremy Boot Product Strategy Director at Temenos
In my last article I talked about how Retail CBDCs are gaining momentum globally and how they’re expected to work, with commercial banks as important participants. But offering CBDC services even with capped wallets may result in an outflow of deposits and a reduced balance sheet, obviously not good news. So why would banks want to do this? What'...
10 October 2022 /payments /retail Digital Banking Trends
Maria Schuld Head of Regional and Community Banking at FIS
Economic slowdown? With rising interest rates, bank executives share their concerns about an economic slowdown. Recent headlines in the American Banker reinforce this sentiment: Big-bank CEOs warn of recession risk Small banks doubt the Fed can avert a recession With an economic downturn taking shape on the horizon, financial institutions can o...
05 October 2022 /retail /predictions Banking Strategy, Digital and Transformation
Central Bank Digital Currencies (CBDCs) - a digital form of central bank money - are firmly on the radar of Central Banks globally. According to the Atlantic Council over 100 countries are actively exploring a CBDC. Many are further along on their journey with some already launched. But why do we need them? And what role will commercial banks play?...
03 October 2022 /payments /retail Digital Banking Trends
Ahmed Khidhir Digital Banking Expert at Temenos
The human brain’s job is not to analyze data or make complex decisions. Our mind’s primary job is to ensure we survive the present day and live to see another. It plays many tricks with the facts to get us to tomorrow. The brain’s tricks and systematic deviations from rationality are called cognitive biases. Researchers have discovered that the ...
02 October 2022 /retail /predictions Digital Banking
Prema Varadhan Chief Product and Technology Officer at Temenos
Today’s big banks face multiple challenges. Consumers expect the same sort of digital convenience from their banks as they get from other experiences. Regulators agree, and have made it easier for new entrants such as non-banks to provide people with access to the financial services and information they want. These disruptors are armed with the cl...
30 September 2022 /retail /cloud Banking Strategy, Digital and Transformation
Rajeev Verma Consultant at Tata Consultancy Services Ltd
Introduction: Climate risk is now categorized as one of the important elements in the strategic discussion among the Chief Risk Officers (CROs) in the banking industry. Financial regulators across major markets are taking steps to ensure banks manage the credit risk associated with adverse climate changes. Banks buckets the climate risk into ...
29 September 2022 /regulation /retail Climate Risk
Steve Morgan Banking Industry Market Lead at Pegasystems
In an age of constant innovation and ever-expanding possibilities for customer engagement, the banking sector is not alone in considering future talent development as a key business concern. Research released in April by the UK’s Financial Services Skills Commission (FSSC) found that 92% of its member firms had difficult-to-fill vacancies in 2022...
26 September 2022 /people /retail High performing teams
Rajagopalan Thiruvenkatachari Senior Consultant at TCS
If the 1994 prediction were to come true, year 2022 would be 28th year of extinction of IBM Mainframe. But in contrast, mainframes are continuing their service and MIPS demand is growing. It continues to be a platform of choice for most of the large mainframe shops. Then what is the issue? Why organizations must modernize the applications? What
26 September 2022 /retail Banking Strategy, Digital and Transformation
Retired Member
Over the past two decades, retail has come a long way from brick-and-mortar to online. The future is even more exciting as contextual commerce promises to transform the customer experience. So, what is contextual commerce? Simply put, you can buy goods and services while you are engaged in your usual activities—like browsing the Internet, cooking, ...
24 September 2022 /payments /retail The Payments Business
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