Jason Henrichs and JP Nicols host Ron Shevlin, talking Ant Financial’s new core banking system, and Ron and Jason debate about what that means (and doesn’t mean) for banks and traditional providers of core banking technology.
To be successful, banks and credit unions must integrate customer insight with environmental factors, transaction data and even social interactions to support engagement that leverages customer context. Without real-time data, both communication and advice to the consumer risks being out-of-date, inaccurate and out of context.
Earlier this year, reports revealed that record levels of fintech investment had been seen in the UK since February 2018, reaching an all-time high of £2.6bn. The fintech sector itself is still relatively young, but as this industry matures, the trends and patterns in investment are inevitably set to change as companies look to scale up their businesses.
Over the past ten years, banking has slowly, begrudgingly adopted a modern technology stack. Fintech has indisputably modernised the a tired, inwardly-focused industry, however one crucial aspect of the old world still remains. The business model upon which the banking industry is built, that of fee and float income, clings stubbornly to life.
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The majority (54%) of consumers in Germany forecast cash to become obsolete in a few years and they prefer contactless.
Brett King, a pioneer among banking disruptors, predicts a future where banking functions become embedded within other experiences, and a world where fresh thinking upends concepts in the financial industry that were long considered hallowed. Where do traditional financial institutions fit in King's vision of tomorrow?
There's consensus about what omnichannel means in banking, but not everyone thinks it's important. And even it's proponents don't agree about the right strategic approach or best practices for implementation.
If you own a business, or ever strive to do so, you should know that accepting credit cards is pivotal for the long-term success of your business. This means that knowing the cost of processing credit card payments is vital to operating efficiently. Otherwise you may find that unexpected costs are eating away at your margins.
With the fintech revolution firmly underway in the wealth management and advisory space, we reached out to financial industry leaders and experts and asked the question: ...
In The Problem for Small-Town Banks: People Want High-Tech Services, the Wall Street Journal told the tale of one small upstate New York bank.
For the last decade or so, we have witnessed evolution in many industries. The transportation industry evolved with the emergence of companies such as Uber, and the tourism industry has evolved with the emergence of companies such as Airbnb. A transformation in the banking industry was due – and neobanks are bringing that transformation.
As our informed readership, all of you are aware that mobile banking is on the rise in Europe. Where in 2017 only 48% of Europeans used their smartphone to bank, in 2018 this number jumped to 61%.
The 2017 ICO (Initial Coin Offering) boom has come to an end, leaving a number of crypto startups struggling to raise funds this year. Yet one fintech startup that once passed on the opportunity to launch an ICO is currently experiencing a hiring spree.
Money 20/20 Asia day two kicked off with a discussion on open banking and how regulatory mandates and open API guidelines are driving this initiative in this region. With Asia learning lessons from early adopters in Europe, panel sessions highlighted what the challenges are for banks and regulators.