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Tag: digital transformation


Regulations

European Commission proposes new measures to modernise payments

June 28, 2023

Via: FinTech Futures

The EC says the proposals reflect the changes seen in the payment services market in recent years. It claims electronic payments in the EU have been on the rise and were greatly accelerated by the Covid-19 pandemic. With new providers […]


Activity, Corporate Banking

Visa to invest $1bn in Africa to boost digital transformation

December 15, 2022

Via: FinTech Futures

The announcement was made by Visa chairman and CEO Alfred Kelly, Jr. at the US-Africa Business Forum, alongside the US-Africa Leaders Summit in Washington DC. Expanding its investment, Visa says, will enable “greater access” to digital payments, which will further […]


Capital and Risk, Operational

How Technology Blends Banking’s Future

May 13, 2022

Via: Bank Director

After rapidly adjusting operations at the start of the pandemic and accelerating their digital transformation roadmaps, banks are left wondering: What happens next? And what did the acceleration mean for banks’ digital strategy? Banks need to shift their mindsets from […]


Capital and Risk, Operational

The Next Wave of Digital Transformation

April 7, 2022

Via: Bank Director

There is no question that digital transformation has been a long-term trend in banking. However, innovation is not instantaneous. When faced with the obstacles the recent pandemic presented, bankers initially accelerated innovation and digital transformation on the consumer side, thanks […]


Channels

Why banks and fintechs need to be strategic with digital transformations

August 10, 2021

Via: FinTech Futures

In fact, IDC forecasts $6.8 trillion will be spent globally on DX by 2023, with 65% of the world’s GDP being digitalised by 2022. There are many reasons why DX shortfalls occur, painful lessons many in fintech know all too […]


Capital and Risk, Operational

Banks and bad actors: the race to digitally adapt

December 24, 2020

Via: FinTech Futures

Firms must start building on the lessons learned during the initial crisis if they are to survive the second wave, meaning customer experience and fraud should be working hand in hand right now for banking leaders. As an industry, banking […]


Activity, Channels, Corporate Banking

Welcome to a virtual reality: how virtual accounts are transforming corporate banking

August 31, 2018

Via: Finextra

The modern banking landscape has changed fundamentally at the hand of digital transformation. Retail banking disruptors such as Monzo and Atom have ripped up the rule book on what effective banking looks like, and consumers have voted with their feet. […]


Activity, Insurance

Predictive insurance plus machine learning is no dream

August 19, 2016

Via: Finextra

Why can’t the insurance business be more like Netflix? Or Tripadvisor or Booking.com? In my opinion, the transformation of insurance services and products by digitalisation will be nothing short of mind-blowing. Nonetheless, there is a great deal that insurers can […]


Retail Banking

How To Stop Being Squeezed At Both Ends – Digital Transformation In Smaller Banks

August 2, 2016

Via: Finextra

The banking industry still has a black eye – but it’s more painful for some than others. Lasting repercussions from the global crisis, the emergence of non-banking digital disruptors, and impatient, tech savvy customers with low levels of loyalty and high expectations have redefined a ‘new normal’ in day-to-day banking. Responding to omnichannel, real […]