Banking 2020

DECEMBER 3, 2015

It also noted that banks have found it challenging to develop new propositions to meet these demands – partly because of their reliance on legacy systems and partly because they are more constrained by regulations. The most common solutions. The industry’s response.

Payments 40

Payments Bitcoin Regulation Mobile 40

Banking 2020

NOVEMBER 18, 2015

Technology-led disruption to the way we view how to pay and what is expected from a transaction means constant reassessment of the fabric of the payments sector. But broadly speaking payments are converging along certain lines – real-time, tokens, non-banks etc. This is payments’ Big Bang. Enhanced data.

Industry 40

Industry Payments Examples Cards 40

Banking 2020

JANUARY 27, 2016

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. per cent in 2013.

National 40

National Mobile Technology Payments 40

Banking 2020

MARCH 19, 2015

It’s hard to think of two industries more regulated than healthcare and banking. In both industries, and in most others, technologies are developed, adopted and discarded at lightning speed, and each has a serious impact on routine operations. Regulations, meanwhile, can take years to legislate and implement.

Regulation 40

Regulation America Compliance Industry 40

Banking 2020

NOVEMBER 18, 2015

Australia is toying with the idea of creating an opt-in function for contactless cards, in a move that highlights the problems around coping with new payment technology and how fraud risks are handled. The major banks provide a Zero Liability Policy to customers who are victims of fraudulent transactions.

Cards 40

Cards Fraud Policies Technology 40

Banking 2020

MARCH 26, 2015

In addition, new technology, and even customer care considerations, will finally influence the way debt collection is done. Leaner, more sophisticated, digital- and data-driven collection processes that will align with the incredible shift that’s happening in banking as a whole. However, change is coming. The result?

Industry 40

Industry Guidelines social media Technology 40

Tech and Finance

APRIL 29, 2016

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. PWC does suggest major improvements can be achieved without replacing core systems, or undertaking radical digitalization.

Retail 28

Retail Regional Innovation Survey 28

Tech and Finance

APRIL 29, 2016

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. PWC does suggest major improvements can be achieved without replacing core systems, or undertaking radical digitalization.

Retail 28

Retail Regional Innovation Survey 28

Banking 2020

APRIL 22, 2015

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.

Policies 40

Policies Exercises Trends Technology 40

Banking 2020

DECEMBER 9, 2015

Should financial services institutions look to ‘phablets’ as their next major technology opportunity? This already happens in other industries—while adhering to regulations, medical professionals use devices that come with a particular supplier’s brand.). Hardware may just be the next frontier.

Branding 40

Branding Samsung Technology Marketing 40

Banking 2020

NOVEMBER 9, 2015

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

Mobile Payments Regional National 40

Banking 2020

DECEMBER 16, 2014

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.

Leadership 52

Leadership Regional America Industry 52

Banking 2020

JANUARY 27, 2015

Burgeoning regulations like BASEL III, individual liquidity adequacy assessment etc. and corresponding liquidity pressures, which were aimed at making the banking system shock-proof are indicating an erosion of growth in many high potential markets. New opportunities for economic growth are taking center-stage across the globe.

Capital 40

Capital Management Operations Leadership 40

Banking 2020

OCTOBER 30, 2015

With all due respect to tradition, our business is on the cutting edge, which includes a steady stream of new tools and technologies. So if banks can become other things, why can’t other things—like, say, the post office—become banks? It’s a potentially odd combination, to be sure.

Community 40

Community United States Survey Millennials 40

Banking 2020

MARCH 17, 2015

For one thing, regulators have been pushing banks to be simpler and more straightforward, so customers know where they stand. Technology magnifies the problem. These days, people often read a letter from their bank on the same phone or tablet they use for mobile banking. Balancing ‘brief’ and ‘intimate’ isn’t easy.

San Francisco 40

San Francisco Customer Experience FDIC Mobile 40

Banking 2020

JANUARY 21, 2016

To what extent are banks simply technology providers? It’s a question being discussed in boardrooms around the world as the financial sector grapples with advances in technology. Meanwhile, McAfee Labs noted in December that there is a growing threat for mobile banking apps resulting from poor coding practices.

Mobile 40

Mobile Payments Security Innovation 40

Banking 2020

NOVEMBER 22, 2015

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. The KTH study notes that several banks have 100 per cent digitalized branches that will not accept cash. “Our use of cash is small, and it’s decreasing rapidly.”

Study 40

Study ATM Mobile System 40