Fintech News Issue #127 July 20th, 2017

Banks could face a “Kodak moment” where they approach obsolescence in five to 15 years at the hands of new financial-technology companies, according to former Barclays Plc Chief Executive Officer Antony Jenkins.

Say I am a Glump dealer. As you know, Glump is an illegal schedule 1 neologism. This is a problem, as I don’t want to go to prison! So I consult with lawyers and we come up with a clever idea: instead of selling people “Glump”, I label my product “oranges”.

"Don’t believe everything you read on the internet (except this article) or you might be lead to the conclusion that bank branches are a hopeless case already." In this piece, we take a look at ways to use strong branding and showcasing your innovation efforts to retain customers and build trust. Not only true for banks.

In 1942, science fiction author Isaac Asimov introduced the world to his three laws of robotics. An incredibly prescient visionary, Asimov started the world thinking about the potential challenges sentient technology might present the world of humanity

The majority of shopping and buying is moving from physical to digital channels across industries. The impact on the banking industry can be found in the new definition of banking convenience, and in the increased preference for digital account opening capabilities. The question is ... how will banks respond.

Adoption of financial technologies among consumers worldwide has surged in the past 18 months setting up fintech to enter the mainstream, according to the latest EY Fintech Adoption Index.

Despite rapid innovations in data processing and machine learning, many businesses have yet to make the leap from the Industrial Age to the information age, and the gap between technological and organizational progress is widening.

Aditya Challa of IMImobile takes a look at some current and future applications of artificial intelligence (AI) for customer experience in the financial and banking sector, as well as the challenges that still need to be overcome.

The idea that big banks are facing an "existential crisis" from financial technology (fintech) challengers is "overblown", the digital chief of HSBC told CNBC.

The adoption of fintech solutions is gaining momentum globally, with digital consumers being the most likely to be aware of and use the alternative banking solutions. Will this momentum slow down or is a whole new standard of consumer and banking expectations being set?

As one of the earliest enterprise firms to specialize in blockchain, Deloitte has quickly become a fixture in industry news and at conferences. But just how important is the emerging technology to its business?

Interview with Spiros Margaris, Fintech and AI influencer.

Banks and credit unions must move beyond using customer data for development of great reports, to the use of data for great customer experiences. Providing departmental access to data allows for better insights, faster processing and improved targeted activities.