1376 Results from 2022
Andrew Beatty Head of Wealth, Retirement & International at FIS
Even the most unobservant realize that the pandemic has accelerated digitalization – in banking and elsewhere. For many months, bank customers were forced to adopt remote banking, and millions of people have now shifted to online and mobile banking. While initially this shift was born of necessity, it resulted in droves of customers discovering th...
24 February 2022 /retail /predictions Banking Strategy, Digital and Transformation
Lohrasp Seify Head of Data at Reach
Everyone talks about how to make the most of their data. Data impacts everything, from customer onboarding, distribution, and omnichannel payment flows. As data volumes grow, they also expand in complexity. As the world becomes increasingly digital, it’s creating a tsunami of data, which many businesses were not prepared for, especially in the wa...
24 February 2022
Retired Member
Decentralized finance has been evolving according to the trend, and people have started to adapt to the newest technology that eliminates traditional finance. The impact has been huge, and many people, including women, have joined decentralized finance. The blockchain is open-access and inclusive to anyone around the world. However, this is a onc
23 February 2022 /startups /crypto Blockchain Observations
Jonathan Wood CEO at C2 Cyber
Banks are on high alert for cyber attacks. The European Central Bank recently told them to prepare for possible Russian-sponsored cyber attacks as tensions with Ukraine increase. This follows a surge in ransomware attacks on banks, which rose 1,318% year on year in the first half of 2021, according to a report by Trend Micro. Further research by...
23 February 2022 /security /regulation Banking Regulations
Sheza Gary Project Strategiest at Self Employed
A carbon footprint measures the number of greenhouse gases produced in a human's day-to-day activities. Therefore, reducing it improves the sustainability of the environment to a great extent, while increasing it has opposite effects. Sustainability greatly affects all sectors, including the banking sector. Banks are now adopting sustainability pr...
23 February 2022 /retail /sustainable Going green
Dmitry Dolgorukov CEO at GiniMachine
In the past couple of years, we’ve observed significant industry changes unlike ever before. 2020 was a year of reactive action to a global pandemic as companies and businesses scrambled to adjust to what was known as the ‘new normal.’ 2021 marked the acceleration of digital transformation, with over 97% of executives stating it increased the velo...
23 February 2022 /covid-19 /predictions Financial Transformation
I recently explored challenges for merchants with buy now pay later (BNPL) solutions that are currently on the market. High rates of credit approval declines and the high cost for merchants, at 3-7% on top of normal credit card processing fees, were the biggest concerns. To help address the BNPL challenges merchants face, just this month we laun...
22 February 2022
Barley Laing UK Managing Director at Melissa
Biometric technology has only been taken seriously by many in financial services since the start of the pandemic, which made the remote onboarding of customers a necessity. Biometrics is already proving itself to be an important identity verification option for financial institutions, particularly as technology continues to evolve in this area. In...
22 February 2022 /identity /crime Biometrics
Nick Green Director at Purple Patch Broking Ltd
How procurement can drive innovation and efficiencies in financial services The financial services sector is going through extraordinary levels of transformation. These external pressures are forcing financial institutions to focus hard on their credit data suppliers, seeking to marry innovation with quality and cost savings. Procurement can have a...
22 February 2022 /payments /retail Financial Supply Chain
Neobanks have received significant attention but also massive investments from venture capital firms. Neobanks globally raised more than $12 Billion in 2021, despite the global economic slowdown due to Covid 19. Funding of this scale is not limited to geographical boundaries. The number of digital-only banks has risen from 250 in 2020 to 333 in 20...
22 February 2022 /retail /startups Business
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