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IT Transformation: How Banks Are Driving Digital Technologies

Banking 2020

Banks have one of the largest IT budgets of any industry, but what exactly are organizations getting for the money? Powering innovation starts with transforming technology and its use. Many banks are built on legacy, and that includes legacy IT. percent of revenue on technology, according to the 2014 Gartner IT Key Metrics Data.

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Lending: When Technology Makes the Call

Banking 2020

It’s easy to get bogged down in the endless debate over the mingling of banking technology. The banking technology more than the banker will actually make the call. But bowing to the inevitable doesn’t seem too smart either—we need to manage the transformation in such a way as to make it benefit all parties.

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B2B FinTech On The Cusp Of Change

PYMNTS

While Lending Club generally focuses its services on consumers, the implications of Laplanche’s resignation have echoed throughout the SME lending space as well and could see a further decline in banks backing small business loans offered through marketplace platforms. 65% of U.K. and U.S.

Fintech 108
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FI Highlight: Westpac New Zealand

Banking 2020

Introducing new technologies can often be a challenge when looking at customer adoption. In a few sentences, can you tell us about Westpac Bank? . Westpac has been operating in New Zealand since 1861 and is one of the country’s largest full service banks with over 1.3 million customers. million customers.

Mobile 47
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New But Not Yet Normal: Can Agility Make the Difference?

Banking 2020

But the big question is: Are banks appropriately positioned to take advantage of these growth avenues? It’s a sprint and the banks need to show agility and foresightedness in their strategic positioning, operational planning and customer handling. Know what’s ‘inside the box’ but ‘think outside’.

Capital 40
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Maximize Online Banking Efficiency

Banking 2020

Today’s successful banking institutions must quickly adapt to dynamic business environments, deploy new technologies, and deliver consistent online services to meet their customer’s needs – anytime, anywhere, and with whatever device they choose. Marc Goodman is an independent marketing consultant for Sangfor Technologies.

Online 40
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PWC Takes Very Optimistic View Of Retail Banking

Tech and Finance

PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. Banks need to decide whether they want to shape the industry, become fast followers or manage defensively, the report added.

Retail 28