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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said. According to the BCG’s “Corporate Banking Executive Survey,” “front-to-back digital transformations” are essential to halt this shrinkage. The financial stakes are very high,” he continued.

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Currencycloud Teams With Hyundai Card For Mobile Remittance Service

PYMNTS

With just a few touches on the mobile phone, people will be able to remit their money using their credit card account,” said Wookyung Chang, head of Hyundai Card’s digital strategy department. This will open the new era of personalized digital financial services in Korea.”. ”

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Why getting digital banking right could prove vital in the Gulf

NCR

Like many regions across the globe, the Gulf is currently going through a period of change in the banking industry, which is presenting challenges for local institutions but also creating opportunity. Digital demands. The post Why getting digital banking right could prove vital in the Gulf appeared first on Banking.com.

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Decision Platform Know-How Makes Winning Customers Personal

FICO

In fact, as early as next year, it’s predicted at least one in four (25%) will be reliant on applied intelligence, in the shape of AI sentiment analysis, to improve customer experience via decision platforms. Hoist Finance is now making a million real-time decisions every day across multiple regions. million (US$9.7

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37 Corporate Innovation Labs In Finance

CB Insights

The labs aim to help Deutsche Bank evaluate and adopt emerging technologies, develop a culture of innovation, and contribute to the bank’s digital strategy. Its also expanding its regional focus too, with a recent announcement that the labs will invest more into R&D in India. Bank of America.

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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before BCG and McKinsey and Bain, most business people dismissed “strategy” as something for generals and political campaigns. McKinsey hires experienced data engineers to work directly with clients, helping them build out a more sophisticated data analysis function. From the FAQ for BCG’s Gamma program.