Financial Services

post thumbnail

Financial Services Sector Paves Way for Rebounding Economy

Businesses have been burdened with innumerable headwinds driven by the COVID-19 pandemic. The surge in cases caused demand slumps not seen in decades, as policymakers were forced to compromise between public health and business activities.

Read More
post thumbnail

Fintechs Should Sell Financial Health, Not Financial Services

New Technology For A New Financial Sector In the UK, last year’s report on “Consumer Priorities for Open Banking” by Faith Reynolds and Mark Chidley (which is, by the way, an excellent piece of work and well worth reading) set out just why it is that open banking by itself delivers quite limited benefits for […]

Read More
A Segment of One: The New Reality

A Segment of One: The New Reality

Consumers now have access to all the information they need to define, compare and select the financial products and services that best serve their individual needs. As a result, financial institutions (FIs) who continue to offer cookie-cutter products will struggle to retain existing and attract new customers.

Read More
What Will 2020 Hold for Banking and Financial Services?

What Will 2020 Hold for Banking and Financial Services?

It’s fair to say that over the last decade, the world of financial services has changed irreversibly.

Read More
post thumbnail

How Financial Services Disruption Continues to Create Opportunities for CIOs and CTOs

The term ‘fintech has been applied to describe the transformation taking place in the financial services sector across the globe. Traditional forms of payment such as cheques have been displaced by debit and credit cards. In turn, contactless payment and digital wallets will likely replace the cards.

Read More
post thumbnail

RBI Ban on Member Firm of Ernst & Young to Impact Banks, Financial Services Firms

The Reserve Bank of India (RBI) has banned the audit firm SR Batliboi Co. LLP, a member firm of EY, for one year from auditing commercial bank books, after the central bank found lapses in a statutory audit. On account of the lapses identified in a statutory audit assignment carried out by the firm, M/s […]

Read More
Incumbents, Take Note: New Financial Services Marketplaces Are Now High-impact Models

Incumbents, Take Note: New Financial Services Marketplaces Are Now High-impact Models

It wasn’t long ago, that customers relied on traditional banks for most of their financial needs. Now, however, both technology innovation and customer expectations are rapidly evolving. Today, FinTechs and challenger banks offer eager-for-change customers a range of convenient and direct new options.

Read More