Next-gen central banking | Pillar 2: Enable and drive innovation


In our last post, we looked at how central banks can harness the power of data. We move on now to the second pillar. Pillar 2: Enable and drive innovation A key role for central banks is to enable and promote a vibrant financial sector. In the digital age, that means helping to cultivate new….

The top eight ways COVID-19 will impact payments


We’re living through extraordinary times right now. The COVID-19 pandemic is changing business—and much else—forever. The global payments ecosystem has proven resilient in the face of the pandemic.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Digital regulators are a new norm in financial services


Digital financial services are clearly impacting banks.

The four key roles of the branch network after COVID-19


In my last post, I talked about how the COVID-19 crisis has impacted branch networks by accelerating the shift to digital. Many banking customers have adopted digital technologies and contactless payments faster than experts had predicted.

Trends 212

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Open Banking—lessons in technology, security and APIs


As I mentioned in my last post, the journey to Open Banking has been long and full of challenges for most banks in Europe.

Next-gen central banking | Pillar 1: Harness the power of data


Our first post identified five areas central banks should focus on to become the digital regulators of tomorrow. Let’s take a closer look at the first pillar.

Data 286

Sustainable finance starts with data and technology


At present, the lack of disclosure of environmental, social and governance (ESG) data by many corporations creates asymmetric information. Research from Accenture, Hermes and non-profit disclosure advocate CDP identified environmental risks with a combined potential impact of $699bn.

New business models for a new banking environment


In the first blog in this series, I shared some of the observations from a white paper I co-authored with Finastra on corporate APIs. In this blog I would like to discuss how the proliferation of APIs affects banks’ business models.

Maine 300

Building a digital monetary authority for a digital age


Central banks’ key functions have remained largely unaltered since the first such institution was established in Sweden in the mid-17th century.

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

What the rise of in-app payments means for banks


The expectations of customers when it comes to payments have changed radically in recent years. Payments that are instant, invisible and free (IIF) have quickly become the norm, especially in certain segments of the market like airlines, fashion retail, hotels and online travel agents.

Advances in sustainable finance, but more needed


Sustainable opportunities Clear progress has been made on the UN Global Compact’s Sustainable Development Goals (SDG), however, companies must do more. Only 21 percent of the CEOs in our 2019 UNGC Study said they felt business was making a critical contribution to the global goals.

Study 195

How the COVID-19 crisis is impacting branch banking


The rise in popularity of online banking in the last several years had already precipitated a downward trend in branch banking and had forced financial institutions to start adjusting their networks.

Trends 195

Finding the right operating model and governance for Open Banking


When transitioning to Open Banking, one of the key considerations for banks is their operating model and governance structure. If banks do not adapt to new ways of working, they may risk losing market share to savvy new digital entrants.

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.

The impact of new payments methods on the payments landscape


In his report on the top 10 banking trends for 2020, our global banking lead, Alan McIntyre, made a telling observation: that the focus of Open Banking has shifted from payments initiation services to consumers’ data rights. The impact?

The future of finance is sustainable?and profitable


The finance ecosystem—clients and employees, shareholders and stakeholders—is striving for purpose and sustainability.


Top 10 trends for banks in 2020


The weather is likely to be unstable for banks in 2020, with a high probability of storms in places. Several continuing and new indicators suggest so—from banking consolidation, Open Banking and AI to eager big-tech entrants, revenue migration and purpose-driven banking.

Trends 308

Navigating the Open Banking journey


European banks have, over the last two years, been navigating an interesting and complicated journey into the world of Open Banking and PSD2. Here at Accenture, we have gained extensive Open Banking experience working with more than 50 banks globally.

Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. Most have already sustained massive damage, and we still have yet to see the scope of impact of the global pandemic that has upended the globe. Any return to normalcy may seem far-off, but sales and marketing are on the front lines of restarting the economy. When the dust settles, we have a responsibility to turn our shock and grief into fierce determination, and lead the charge of responsible, strategic, sustainable future growth. However, there’s no team better suited to lead that charge than the marketing department. Marketers are uniquely positioned to provide creative solutions to aid their organization in times of change and chart a course for navigating success.

Banking on technology to power up trade finance


Trade finance has long been of vital importance to the world economy. However, over the last few decades, its role in globalization has grown significantly.

Value-added services are coming to payments


In the first post in this series, we looked at some of the developments driving change in payments right now: new competition, new customer expectations and new technologies. Banks, in response, are looking for new ways to increase the value they deliver to customers.

Six ways banks should work with consumers in the COVID-19 era


The COVID-19 pandemic has affected every industry and banks certainly have not been spared. The situation for banks today is, however, very different than that which they faced in the 2008-09 financial crisis. Banks are generally stronger and better capitalized than they were then.

Transforming core banking with the right technology


We all know the industry is rapidly moving to digital.

How ZoomInfo Helps Overcome the Top Pain Points of Inside Sales

Recent digital transformation has shifted the B2B landscape by ushering in the era of buyer empowerment. With more access to user reviews, analyst opinion, and industry research, decision-makers are more informed than ever while navigating what is now known as the “buyer’s journey.”

US banking market finally primed to embrace contactless payments


More than five years after the launch of Apple Pay and four-plus years after the US POS liability shift for EMV, the US market finally appears set to fully embrace contactless payments.

The growth of data in banking is unstoppable


Banks occupy a privileged and trusted position. Social media companies may have insight into what is attracting our attention, but banks can see what people are willing to pay for. Accessing this source of Big Data is simply the latest way for banks to deliver on their core promise: to listen to customers, create a…. The post The growth of data in banking is unstoppable appeared first on Accenture Banking Blog. Uncategorized Big Data Data-driven Banking Open Data

Data 296

Open Banking—where partnerships are required


In my previous posts in this series, I talked about the importance of getting technology, security, operating models and governance right when navigating the Open Banking journey. An equally crucial factor is the activation of the ecosystem.

Making up or breaking up: the challenges of M&A


Prior to COVID-19, every bank operating in the UK and Ireland faced one overarching challenge: striking the right balance between growth, transformation and cost reduction.

Marketing Ops: The New Revenue Hero

As data continues to play a starring role in today’s B2B organizations, both marketing and sales operations professionals are poised to solidify their place as critical revenue drivers. In particular, the evolution of the Marketing Operations (Ops) role has created a new standard in marketing and has become a vital component of an organization’s success.

Modernizing your lending platform? Here’s what you need to know.


Change is hard—and as a species, we’re hard-wired to resist it. But as recent world events have shown us, change is inevitable. Financial services players of all sizes and specialties are choosing to be proactive in the face of change, by transforming their digital capabilities.

Auto and equipment finance to benefit from ecosystem partnership


Both auto and equipment financiers are seeing the impacts of digital transformation, such as the growth of artificial intelligence, connected vehicles in auto and regulatory changes leading to increased system reliance in equipment.

System 244

Q1 2020: US credit card issuer snapshot


Key themes In Q1 2020, the impacts of COVID-19 on issuer earnings were still relatively mild in terms of portfolio growth and losses. However, charge-off reserves spiked due to expected future losses, which caused negative returns for most issuers.

Cards 195

Banks can be heroes and do right by customers, especially now


If I look at the last 10 weeks, while there has certainly been a lot of admirable hustling and improvisation in the banking industry, my conversations with executives have also been characterised by a lot of regret.

What We Learned From Our Own Data-Driven ABM Strategy

ZoomInfo has created the following eBook to help other B2B organizations gain insights on how to launch their own data-driven ABM strategy. In this eBook, we will reveal the good and the bad from our own campaign and highlight some key takeaways on how to improve your ABM strategies moving forward.