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Latest thinking in respect to Banking Strategy, Digital and Transformation. Harnessing our collective wisdom to make banking better. Ambrish Parmar
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Retired Member
At Sibos 2014 in Boston blockchain was the talk of the show and the movement towards adoption of new technologies was up and running. As Sibos 2018 opens in Sydney, APIs and open banking based on their adoption will be high on the agenda, indicating that the movement is gathering momentum. In the intervening four years, there have been many ‘Proof...
16 October 2018
The disruption of the banking industry started a while ago, with more and more challenger banks serving both private customers and SMEs. Everything from current accounts to money transfers to credit scoring is increasingly streamlined with AI and machine learning algorithms; it's mostly done by new companies, though, while traditional banks in many...
15 October 2018 /retail
There are a lot of discussions on LinkedIn about the Brex duo - two 22-year olds who built a unicorn in less than two years. “Young and inexperienced, did not invent anything new, there are thousands of similar products, etc”. Well, it’s not that simple anymore. Anyone can get a dictionary with thousands of words. Very few people can use those kno...
14 October 2018 /retail
Cryptocurrencies used to be a low-profile element on the financial market, with many predicting that they’re just a passing fad which would be over quickly. We’ve been going through some interesting times lately though, and it looks like cryptocurrencies are far from being on their way out – if current trends are to be of any indication, we expect...
13 October 2018
Michael Kerman Marketing Executive at Self-Employed
Search engines are free, easy to use and powerful. Could you use them to run a KYC/AML screening program? You could - but in the end, it will expose you to significantly more cost and risk than opting for a purpose-build solution. Here are eight reasons why. 1. Data from Search Engines is Unstructured Search engines return stories and URL links...
12 October 2018 /ai /regulation
Ambrish Parmar Digital Leader, Strategist, at Thought leader and Start-up Advisor
Dear community members, 250,000 reasons to say thank you. The Banking Strategy, Digital and Transformation community group has passed the 250,000 readership mark within 3 months. ~ 50 posts // over 250,000 views, global participation covering subjects such as Open Banking, Banking Strategy, Digital Transformation, Customer Experience, Branch Strate...
12 October 2018 /retail
Andrew Beatty Head of Wealth, Retirement & International at FIS
In the Tortoise and the Hare Part One, I talked about getting faster, moving channels, and working with slower-changing core banking systems. However within our channels there is a similar race where mobile is the Hare and the Tortoise is the branch. In the choice to invest time and money, the odds are your bank has favored the Hare as well. We spe...
11 October 2018 /retail
Saloni Ramakrishna Author; Senior Director at Oracle
The word “Industrialization” brings to mind manufacturing Industry, particularly automobile Industry. It was the 1950s, faced with unprecedent change, automobile industry took to Industrialization that spelt a paradigm shift which impacted both their business and operating models. Banks are going through a similar phase of not just unprecedent cha...
08 October 2018 /regulation
Crystal Berry Marketing Manager at Validis
Data is the key to effective decision making – of any kind. By acquiring and analyzing data, you can better inform and guide the decision. Why? Because limited or misleading information rarely ever results in good outcomes. Yet, for decades, lenders have based small-business lending decisions on outdated data points such as FICO scores or tax r...
02 October 2018
Maxim Pertl strategic business development DACH,Central Europe at Clearwater Analytics
Reflecting on recent capital markets events, meetings and discussions in London, New York, Frankfurt, Paris, Zurich - almost everybody immediately understood the value created by standardization for the benefit of the newest of all asset classes: the DAC - the Digital Asset Class. The best thing that could happen to this asset class, is the natura...
02 October 2018 /regulation
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