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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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Despite the size of the market increasing, correspondent banking remains under pressure due to the cost of compliance, reputational risk and shrinking margins. Can technology strike the balance between de-risking and financial inclusion? A broader distribution of global wealth created new opportunities as well as obstacles for the financial sector...
26 July 2018
When I wrote first about APIs (Apitalism: API Monetization and Open Banking Ecosystems), I planned it as one time article on the topic but the interest it gathered encouraged me to write more. This time, I want to talk about open banking related business opportunities a little bit. Actually, the number of resources that tell opportunities to exis...
22 July 2018
The traditional banking business model is no longer sustainable. Just as the ‘GAFA’ technology firms (Google, Amazon, Facebook, Apple) have set the standard for the sharing economy, so too banks need to adapt their models to compete in a new world of customer expectations. Although moves by large tech firms into financial services have been limit...
17 July 2018
Mark Jackson Managing Director - Product & Capabilities at Valuedynamx - a Collinson Company
Earlier this year, Starling Bank and Monzo became the top two banks in terms of customer satisfaction in the UK, knocking incumbent First Direct from the number one spot[1]. Interestingly, this news coincided with a decline in interest in app-only start-up banks, with lack of trust being one of the key deterrents. In fact, trust in banks holding a...
16 July 2018 /startups
Greg Taylor Head of Marketing at Validis
Designing and implementing a digital strategy for SME lending and deciding what data assets to utilise in doing so is truly staggering. The availability and accuracy of enhanced data assets has come on leaps and bounds in recent years in a period of unprecedented change. However, it is critical to remember that the data strategy is there to serve ...
13 July 2018
The theory of the ‘Bank of One’ is well-rehearsed. Today’s tech-savvy consumers are demanding banking services tailored to their particular requirements. They see financial services as an enabler for other aspects of their lives, and they want their banks to deliver the products and advice they need in an efficient, timely way – matching their exp...
11 July 2018 /payments /retail
We have been living in a very busy banking landscape especially for the past couple of years, new technologies and trends come and go in speed light. However, the core principle of banking has been always the same: make a good profit! How can this happen, actually pretty simple: either increase the revenue or reduce the cost. APIs can help, that's...
07 July 2018
There are a lot of things happening in the banking sector and it is hard to predict what the future of banking would be. There's no one who can predict what the future of online banking, lending, fees and charges, and the robo-advising could be. There is a feeling that 99% of all the banks in the United States would be doing business online in the ...
03 July 2018 /inclusion
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
I had the pleasure of interviewing Mr. S. Isaac Daniel, scientist, entrepreneur, founder and Chief Executive Officer, the pioneer and visionary force behind the Elite Influential Club (EIC), Isaac Daniel Inventorship Group, Abanacle Corp (Government-Mission Project), MiNiT IP Holding LLC and MiNiT Financial Service LLC. Former scientific analyst f...
26 June 2018 /security
Ambrish Parmar Digital Leader, Strategist, at Thought leader and Start-up Advisor
Time to read: 5 minutes for a different prespective It is 2025, the mainstream proliferation of Artificial Intelligence (‘AI’), Internet of Things (‘IoT’), Robotics and Virtual Reality (‘VR’) is complete. High street bank branches have been confined to history, and have been replaced by hairdressers, nail bars and pet stores. Bizarrely, whilst we ...
20 June 2018 /retail
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