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China and India lead global cashless growth

Banking 2020

For the last few years, developed countries around the world have been witnessing an unrelenting march away from cash, as consumers take advantage of new technologies such as fast payments, contactless and mobile to complete transactions without resorting to notes and coins. Newer technologies help Asian markets. billion transactions.

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Asia Pacific set to drive mobile payments growth

Banking 2020

Mobile technology is rapidly becoming an integral part of the way that many people manage their finances and make everyday payments, with the popularity of mobile banking apps and dedicated mobile payment tools such as Apple Pay growing all the time.

Mobile 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
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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
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Wearables: Soon to be required?

Banking 2020

The level of hype surrounding wearable technology almost seems undeserved, particularly given the relative lack of adoption. New technologies often pose this kind of risk—we get more capabilities but give up more privacy in the process. Wearable technologies simply lead us further down that road.

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Expanding the Banking Talent Pool

Banking 2020

There must be a marriage of financial content and experience with the new thinking and agility that will create of what banking will be in the future. The cynics will argue that this new hiring method won’t work for regulated financial services, or that people would rather go to a technology firm than a bank.

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Sweden set to win cashless race

Banking 2020

A study from Stockholm’s KTH Royal Institute of Technology says the country’s embrace of electronic payments means it’s set to ditch cash in the near future. Of course, other nations have similar payment platforms, so why is Sweden seen as becoming cashless? “Our use of cash is small, and it’s decreasing rapidly.”

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