FinTechRadar
by 4executives

News Archiv

Date Headline Story Link
25.12.2016 Digitisation Strategy Wenn wir unseren Wohlstand behalten wollen, müssen wir jetzt handeln Ständerat Ruedi Noser fordert ein mit 2 Milliarden Franken dotiertes ETH-Institut für die digitale Transformation. Mit 100 Professuren könne die Schweiz die weltweit besten Köpfe anlocken – und Zehntausende neue Stellen schaffen. http://www.nzz...
23.12.2016 Security Bank New York Rewriting Cybersecurity Rules After Banker Pushback New York's Department of Financial Services has decided to rethink its controversial cybersecurity regulation just a couple of weeks before it was to take effect. http://www.ame...
23.12.2016 IoT Strategy Weckruf von höchster Stelle - IoT-Richtlinie in den USA Das US-Ministerium für Innere Sicherheit hat aktuell eine Sicherheitsrichtlinie für das Internet of Things herausgegeben. Geht uns nichts an? Doch! http://www.com...
23.12.2016 Big Data Strategy Ich habe nur gezeigt, dass es die Bombe gibt Der Psychologe Michal Kosinski hat eine Methode entwickelt, um Menschen anhand ihres Verhaltens auf Facebook minutiös zu analysieren. Und verhalf so Donald Trump mit zum Sieg. https://www.da...
22.12.2016 Blockchain Technology Invest / Funding Wells Fargo Leads Funding Round for Blockchain Startup The blockchain startup Axoni has raised $18 million in a Series A funding round led by Wells Fargo and Euclid Opportunities, the fintech investment business of the interdealer brokerage ICAP. http://www.ame...
22.12.2016 Blockchain Technology Bank How the blockchain could transform finance (and the world) - A UBS Group Technology White Paper The history of technology – like history in general – is full of ironies. When Satoshi Nakamoto introduced Bitcoin to the world in 2008, the new cryptocurrency was meant to enable electronic cash payments directly between individuals without the use of banks.
Eight years later and the blockchain – the groundbreaking technology Nakamoto invented to power Bitcoin – is being championed by banks as a way to radically improve the financial system. Instead of making them superfluous, the blockchain may very well make banks better at what they do.
https://www.ub...
20.12.2016 APIs Bank Citi’s Global API Developer Hub Has Nearly 50 APIs One Month After Launch  Citi Fintech kicked off its one-year anniversary this November through the launch of its Global API Developer Hub, a platform that has developed 49 APIs across eight usage categories after just one month of availability. http://bankinn...
15.12.2016 APIs Bank HSBC and NAB open API developer portals HSBC in the UK and Australia's NAB are both entering the API game by opening developer portals that give third parties access to some of their data. https://www.fi...
05.12.2016 Digitisation Bank What the Citigold Experiment Says About Mobile Banking's Direction Citigroup's year-old fintech unit is suddenly making its presence felt — and perhaps giving a taste of the direction other banks might go in trying to put more financial services directly in their customers' hands. http://www.ame...
23.11.2016 Digitisation Strategy Digitales Manifest in Bern ausgerufen Bundespräsident Schneider-Ammann und 50 «Digital Shapers» haben in Bern ein Manifest für die Digitalisierung der Schweiz erarbeitet. Dessen Inhalt dürfte so recht nach dem Gusto der hiesigen Fintech-Szene sein. http://www.fin...
23.11.2016 Authentication Bank Bundesrat macht den Weg für digitales Onboarding frei Ab dem 1. Januar 2017 ist die revidierte Verordnung über die elektronische Signatur (VZertES) in Kraft. Gleichzeitig erlangt ein neues Gesetz über die elektronische Signatur (ZertES) seine Gültigkeit, wie am Mittwoch das Bundesamt für Kommunikation mitteilte. http://www.fin...
11.11.2016 Digitisation Bank «Innovation-Labs der Grossbanken? Alles bloss pure PR» Die UBS wird es nicht gerne hören: Aber das viele Geld, das sie für ihr Innovations-Lab in London aufwirft, muss sie als PR abbuchen. Dies jedenfalls glauben viele Teilnehmer am diesjährigen Web Summit in Lissabon, wie <em>finews.ch</em>-Redaktor Andreas Britt berichtet. http://www.fin...
11.11.2016 RegTech Bank R3 consortium looks to bring the blockchain to RegTech The R3 consortium is exploring the regtech space with 10 of its member banks working on a proof-of-concept for a blockchain-based know your customer (KYC) registry. http://fintech...
10.11.2016 Data Privacy Strategy When in Rome... The Moscow court has today upheld a complaint by the regulatory authorities concerning localisation of data. Data sovereignty has become a big issue as many coutries seek to on-shore their Internet. Canada, Australia, Germany, France are just a few enacting or enforcing laws in this area. https://www.li...
09.11.2016 Digitisation Bank Deutsche Bank und Digitalisierung Die Deutsche Bank spielt seit längerem ganz vorne mit in der digitalen Transformation. Mit dbAPI legt das Finanzinstitut noch einen Zacken zu. https://www.is...
09.11.2016 Security Bank Banks should look to FinTech startups for improved security The IT resilience and security of banks and financial services is a more prevalent issue than ever suggests Phil Bindley, CTO of UK data storage and infrastructure firm The Bunker, and fintech startups could offer the best route to improvement. http://fintech...
09.11.2016 Digitisation Bank How Trump could stifle fintech Donald Trump’s stunning upset in the presidential race on Tuesday is likely to embolden his followers to push for changes to Internet law that could significantly alter how financial technology is conceived, built and delivered to market. https://www.pa...
24.10.2016 Digitisation Bank The Invisible Bank of the Future Digital technologies and advanced analytics have the potential to create the invisible bank of the future. Powered by artificial intelligence (AI) and activated by voice, virtual banking assistants can become an integral part of our daily lives. https://thefin...
26.09.2016 Digitisation Bank Why Brexit is bad news for FinTech in London The surprise vote by the U.K. in June to leave the European Union may encourage fintech startups in London to expand across the pond. That was the case with Duco, a financial data management startup, which recently added senior managers in New York. Hiring talent in London was already hard on the tech side, and we think it s going to get even harder says CEO Christian Nentwich.&nbsp; http://www.ame...
23.09.2016 Digitisation Bank Australia more “FinTech-ready” than some European peers Often touted as a niche industry, this author is seeing early signs that mass-acceptance of fintech providers by consumers and businesses is creeping closer to a tipping point, of sorts.<span class="Apple-converted-space"> <br /></span> http://bankinn...
23.09.2016 Digitisation Bank «Hypi» lanciert nächsten digitalen Coup Bei der Hypothekarbank Lenzburg geht es in Sachen Digitalisierung Schlag auf Schlag. Die Regionalbank hat eine neue App lanciert – laut eigenen Angaben eine Schweizer Premiere. http://www.fin...
22.09.2016 Digitisation Bank Fintech: Der Hype weicht der Ernüchterung An der Digitalisierung führt im Banking kein Weg vorbei – könnte man meinen. Doch erstaunlicherweise treibt der Trend die Schweizer Banken weniger um als noch vor zwei Jahren. Und das ist noch nicht alles, wie eine vom Telekomriesen Swisscom beauftragte Studie zeigt. http://www.fin...
21.09.2016 Digitisation Strategy Finance Brands Will Beat Fintechs by 2021, Roubini Says A new report released today by Roubini ThoughtLab holds quite a few insights about the future of wealth management, the future of fintech, and the future of technology, most notably the conclusion that financial institutions with strong brand awareness will be the last ones standing by 2021–not fintechs. http://bankinn...
21.09.2016 Digitisation Bank Survey - New realism, new haste - from digital steps to digital footprint Why is it that still today in the various countries around Europe people can book a holiday in three clicks, order, ride and pay in one but have to take many, many steps to do the same in financial matters. National regulation? Compliance? Because we are used to automating existing processes rather than designing new customer experiences? https://www.re...
21.09.2016 Digitisation Bank Dank Video-Chat hat der Bankschalter fünf Tage offen Die Raiffeisenbank hat die Lungerer Geschäftsstelle ausgebaut – möglich wurde dies dank einer technischen Innovation. Der Kunde spricht mit dem Bankmitarbeiter über Video-Chat. https://www.lu...
20.09.2016 Digitisation Cards Agile Processing is Smarter Payments Holding on to market share for your payment programs just gets harder every day. Instead of building their product roadmap vision, issuers are forced to conform to the constraints of their processing technology platforms. That means settling for “me too” products that can’t meet your cardholders’ expectations. http://www.i2c...
19.09.2016 Digitisation Bank How to Win Customers: Show 'Em You Know 'Em Customers don't mind hearing from their banks, as long they treat them like a friend. <br />Consumers have long complained about receiving impersonal, irrelevant communications from their banks; think the direct mail credit card offer sent to a customer who already has that card. <br />However, with communication tailored specifically for the customer and delivered in a digital format, banks can improve their relationships with customers and maybe even make their customers excited to hear from them. http://www.ame...
15.09.2016 RegTech Bank Disruption in RegTech Much of the discussions in social media and in articles online has been about Fintech, but for those who truly understand what’s happening, we recognize that once you get beyond the pretty facade of the application, you wake up to the wonderful world of regulations. And that means RegTech. http://www.ris...
12.09.2016 Digitisation Wealth Management JPMorgan Chase partners InvestCloud for digital wealth management JPMorgan Chase is buying a stake in InvestCloud as part of a deal that also sees the bank enlist the Californian fintech startup to boost its digital capabilities for individual investors. The size of the investment has not been revealed. https://www.fi...
09.08.2016 Digitisation Strategy Marc P. Bernegger: What Makes Fintechs Successful? You cannot ignore it: Fintech is a boom. According to Fintech News Switzerland, there are 185 digital finance firms in the Swiss market. As a contrast, our neighbor German has more than twice as many shown by a study by Barkow Consulting last year.<br /><br />Meanwhile, even more Fintechs should be in the market. The support for the industry is evident through the 300 million Euros investments in German Fintechs.<br /><br />Yet the first Fintechs are already dying. The online payment service Paymill and the payment Fintechs Yapital and Click-and-buy are only a few examples for the Fintech flops that shake the acclaimed industry. http://fintech...
18.07.2016 Blockchain Technology Payments Erste Ripple-Echtzeit­überweisung von Kanada nach Deutschland: Bank nutzt Blockchain-SAP-Technologie Das im kanadischen Alberta ansässige Bankinstitut ATB Financial hat in Zusammenarbeit mit SAP, dem Finanztechnologieanbieter Ripple und der ReiseBank die – nach eigenen Angaben – erste echte internationale Blockchain-Zahlung von Kanada nach Deutschland getätigt. http://www.it-...
16.07.2016 Digitisation Insurance Four Ps of InsurTech A concrete approach to focus innovation efforts in the #insurance sector http://shoutou...
15.07.2016 Digitisation Bank Social Ranking Of FinTech Influencers In Switzerland Fintech News has put together list of Fintech Influencers in Switzerland. The rank was made based on numbers of followers on Twitter and Klout Score. These mostly are experts in the industry, or top profiles in the hub that frequently update for the Fintech community. http://fintech...
14.07.2016 Digitisation Strategy Fintech: Warum die Schweiz das grosse B fürchten muss Berlin nutzt den Brexit zu aggressivem Standortmarketing unter Jungfirmen in London. finews.ch-Recherchen zeigen, warum Schweizer Finanzplatz-Strategen dies genau beobachten sollten. http://www.fin...
10.07.2016 Digitisation Payments Wallet or Smartphone: The FinTech in Front of the FinTech http://shoutou...
22.06.2016 Blockchain Technology Bank UBS meldet Blockchain-Patent an Die Schweizer Grossbank will in den USA ihre neueste Blockchain-Entwicklung patentieren lassen. Was dahinter steckt. http://www.fin...
17.06.2016 PFM Personal Finance Mgmt Bank Millennial Personal Finance: 63 Fintech Startups Targeting Millennials We've added two dozen new startups to our list. Fintech startups targeting millennials range from &quot;robo-advisors&quot; to automated savings apps. https://www.cb...
25.05.2016 Blockchain Technology The Top 10 Blockchain Startups to Watch in 2016 and the Leaders who are Changing the Game. https://www.li...
22.05.2016 Artificial Intelligence Bank Artificial Intelligence in Banking: Hype or Savior? Bots (short for robots) and Artificial Intelligence appear to be everything. Nowadays, if your product does not include (or is) a bot you’re “just a website”. https://www.yn...
16.05.2016 Digitisation Strategy Der Bund will eine Open-Data-Kultur fördern In der Schweiz haben die Behörden das Potenzial von offenen Daten entdeckt. Sukzessive werden neue Datensätze veröffentlicht. Ziel ist ein internationaler Spitzenrang. http://www.nzz...
21.04.2016 Digitisation Bank Fintech: Eintrittshürden sollen tiefer werden Das ist ein kleiner Durchbruch: Der Bundesrat hat beschlossen, den Markteintritt für Fintech-Unternehmen in der Schweiz zu erleichtern. Nun werden Konzepte ausgearbeitet. http://www.fin...
18.04.2016 Digitisation Strategy Talking a different language Maturists, Baby boomers, Generation X, Generation Y, Generation Z https://image-...
06.04.2016 Start-ups / Funding Bank New VC Record – FinTech Money Map Q1 Update It’s been a very busy FinTech VC quarter so we considered it worthwhile sharing its highlights using our proprietary Barkow Consulting FinTech Money Map database: http://www.bar...
06.04.2016 Blockchain Technology Top 6 Blockchain and Crypto Companies in Switzerland http://fintech...
16.01.2016 Digitisation Bank Heikle Identifizierung von Online-Kunden Die Aufsichtsbehörde Finma hat Vorschläge zur Identifizierung von Online-Kunden gemacht. Die Bankiervereinigung steht diesen kritisch gegenüber. http://www.nzz...
14.01.2016 Digitisation Bank Banks vs. Fintech? No Contest, Banks Win The media headlines charting fintech’s progress in just the past year might even have you think that the end of traditional bank models is here. But that assessment is dead wrong. http://www.ame...
14.01.2016 Digitisation Bank London's booming Fintech landscape! https://image-...
11.01.2016 Channel Management Bank Wind Of Change - Deutsche Bank uses open innovation to develop future scenarios for premium customer services Deutsche Bank has decided to go new ways and to use the innovative methodology of crowdstorming and get different perspectives from all over the world. Deutsche Banks has teamed up with the creative problem-solving platform jovoto.com to run an ambitious 8 week crowdsourcing project. From fintech experts to service design specialists, creatives and entrepreneurs from around the world are being asked to develop the ultimate premium customer service experience for Deutsche Bank’s customers. http://www.des...
10.01.2016 Blockchain Technology Strategy 2016 The Blockchain Ecosystem Overview of the Blockchain Ecosystem https://image-...
30.12.2015 Digitisation Marketing Digital Marketing Hype Cycle Aha, fast jeder zweite #Hype im #Gartner #DigitalMarketing Hype Cycle hat mit #Analytics zu tun! Es bleibt auch im 2016 spannend! https://image-...
13.12.2015 robo-advisor Wealth Management To the Financial Advisors Who Say Robo-Advisors Cannot Steal Their Clients: - Our services are fundamentally different from yours, and we are not setup to provide the level of individual attention that you offer. - We target individuals who have dramatically lower levels of assets than your minimums. - In turn, our clients end up being younger. - These younger clients will eventually grow their net wealth, and only then will we be competing for the same clients. https://www.li...
10.12.2015 Strategy Technologies to Watch for the Next-Generation Enterprise in 2015 https://image-...
08.12.2015 Digitisation Strategy The State Of Digital Business 2016 to 2020 Digital is approaching a tipping point. Are you prepared? http://blogs.f...
05.12.2015 robo-advisor Strategy Wie wahrscheinlich ist es, dass ich durch einen Computer ersetzt werde? Fast die Hälfte der Arbeitsplätze ist in den kommenden 20 Jahren bedroht. Das sagt zumindest eine Oxford-Studie, die für den US-Arbeitsmarkt die Zukunftsaussichten von 700 Berufsgruppen angesichts der Konkurrenz durch Roboter und Computer berechnet hat. http://gfx.sue...
03.12.2015 Digitisation Bank Number26, German Banking Start-Up, Expands Across Europe Would you trust a start-up to look after your money? http://bits.bl...
02.12.2015 Digitisation Bank Banken-Wirtschaft: Sieben Tipps für eine erfolgreiche digitale Transformation Deutsche Banken bieten einfache Bankgeschäfte schon heute online oder mobil an. Schwieriger wird es bei der Abwicklung komplexer Finanzprodukte - hier hinken viele Banken noch hinterher. In neuen Retail-Banking-Studie &quot;Executive Retail Banking Survey: Digital Transformation&quot; erklärt die Unternehmensberatung Roland Berger zur Homepage dieses Unternehmes Relation Browser , warum und wie deutsche Banken ihre Digitalisierung schnell vorantreiben müssen, wenn sie den Anschluss an die dynamischen digitalen Wettbewerber nicht verlieren wollen. http://www.ibu...
02.12.2015 robo-advisor Bank Robo-Advice verändert die Finanzbranche Neue Regulierungen und die Abschaffung von Vertriebsvergütungen im Fondsgeschäft brächten den Privatanlegern Vorteile, sagt John James, Europa-Chef der US-Fondsgesellschaft Vanguard http://www.nzz...
20.11.2015 Strategy Gartner’s Top 10 Technology Trends for 2016 To Improve Your Business What technologies will impact organizations from 2016 on? As the end of year approaches, it is natural to look back at the highlights of the past. If you are an innovative digital leader, though, you will agree that it is way more useful to look ahead and try to foresee what is going to happen next.That is exactly what Gartner’s analysts do every year, tracing the main technology trends that will define the borders of business transformation for the next future. As usual in the digital era, evolution is all about disruption. http://blog.ne...
04.11.2015 eWallets Payments Schweizweit mit dem Smartphone einkaufen TWINT ist flächendeckend an bald über 5000 Kassen einsetzbar und wird zum Schweizer Bankenstandard im Mobile Payment http://www.twi...
04.11.2015 eWallets Payments Noch eine digitale Brieftasche am Start Nach Paymit und Twint geht eine weitere digitale Bezahl-App Online. Hinter der Entwicklung steht auch eine grosse Bank, die sich bisher aus dem Rennen um E-Wallets herausgehalten hat. http://www.fin...
20.10.2015 Bank Key trends in retail banking in 2016 Verdict Financial senior analyst Daoud Fakhri answers questions about trends in retail banking, and how the landscape will change in 2016. http://banknxt...
20.10.2015 Digitisation Bank Building the Framework for the Future of Banking Technology innovation seems to be moving at warp speed – but in the eyes of banking customers, it’s simply the speed of life. http://bankinn...
19.10.2015 Channel Management Bank What bank branches will look like in 10 years Bank branches are here to stay. They’re not in demand like they once were, due to the rise of digital banking, but retail branches will continue to play an important role for the foreseeable future. http://www.fin...
15.10.2015 Digitisation Bank Was Fintech-Startups von der Schweiz halten Viele junge Fintech-Unternehmen halten die Schweizer Bankenbranche auf Trab. Doch wie nehmen die Startups selbst das hiesige Umfeld wahr? Ein Überblick anhand von fünf Beispielen. http://www.cas...
06.10.2015 Digitisation Strategy How To Design Your Company’s Digital Transformation The September issue of Harvard Business Review features a cover story on design thinking’s coming of age. We have been applying design thinking within SAP for the past 10 years, and I’ve witnessed the growth of this human-centered approach to innovation first hand. As the HBR piece points out, design thinking is “the best tool we have for … developing a responsive, flexible, organizational culture.” http://www.dig...
05.10.2015 Digitisation Strategy Pulse Publish a post Four Scenarios for the Future of Banking The fact that the financial services industry, and especially banking, is going through the greatest disruption since the arrival of computers in the 60s is now universally accepted. The advent of digital technology and more importantly its adoption by customers is changing the fundamentals of the business. This is not just the arrival of a new channel, it’s a rethink of how business is conducted, how customers are engaged with and how financial products are manufactured.<br />So the big question is after the “Big Disruption” has had its impact what will the future look like? Endless scenarios could be offered, but I thought it would be worthwhile to sketch four scenarios of the Bank of the Future 10 years from today https://www.li...
20.08.2015 Digitisation Strategy Deutschland verpasst den Anschluss Die Digitale Agenda der Bundesregierung sollte Daten freigeben, den Breitbandausbau und die Forschung fördern. Die Bilanz des ersten Jahres ist allerdings ernüchternd. http://www.zei...
11.08.2015 Digitisation Strategy One chart that explains Alphabet, Google's new parent company Google has announced a massive organisational overhaul: The search giant will now be controlled by Alphabet, a newly created parent company.<br /><br /> http://uk.busi...
10.08.2015 Strategy Guide to 12 Disruptive Technologies What is a disruptive technology? According to Clayton M. Christensen, an&nbsp;Harvard Business School professor a disruptive technology is&nbsp;a new emerging technology that unexpectedly displaces an established one. http://www.int...
02.08.2015 robo-advisor Bank Das Private Banking ohne Berater komm Die Banken beschweren sich: Anlagekunden unter 500 000 Franken Vermögen sollen sich nicht mehr lohnen. Im Ausland weichen Kunden auf ein «automatisches» Private Banking oder auch «Robo Advice» aus. http://www.nzz...
01.08.2015 Sharing Economy Meins, deins, seins Die ersten Firmen, die mit dem Prinzip der Sharing Economy Geld verdienen wollten, sind bereits wieder verschwunden. Das Modell hat trotzdem die Kraft, die Wirtschaft zu verändern. http://www.tag...
31.07.2015 Digitisation Payments Samsung Pay kommt nach Europa Samsung will seinen Mobile-Bezahldienst Samsung Pay nach Europa bringen. Dafür spannt der südkoreanische Konzern mit Mastercard zusammen. http://www.itr...
31.07.2015 Digitisation Bank 6 Digital Trends That Will Disrupt Investment Banking Rapid advances in digital technology are enabling greater access to rich information at lower cost. According to Accenture, six key digital technologies, namely social, mobile, analytics, big data, cloud and interactive technology, are changing the way business is conducted across all industries, including in investment banking. http://www.fin...
29.07.2015 Cyber Crime Bank Cyber-Attacken: Banken blicken in den Lauf des Revolvers Der Finanzsektor ist mehr als jede andere Branche von Hacker-Angriffen betroffen. Und die Viren werden immer bösartiger. Umso dringender ist die Suche nach einem Ausweg. http://www.fin...
21.07.2015 Crowdfunding Lending Swiss Crowdfunding Market Experiments 36% Growth The Swiss crowdfunding market has experimented a promising 36% growth in 2014, according to a new report. Experts expect the industry to grow further as peer-to-peer lending, reward-based crowdfunding and crowddonating are becoming widely popular. http://www.fin...
03.07.2015 Digitisation Strategy Zürich wird zum digitalen Super-Hub Die Stadt Zürich soll bis ins Jahr 2025 zum Schweizer Digital-Supercenter werden. Die Stadt und ein Dutzend Firmen haben eine entsprechende Standort-Initiative beschlossen. Jungunternehmerin Sunnie J. Groeneveld soll Projekt vorantreiben. Ringer-Chef Marc Walder führt den Lenkungsausschuss. http://www.bli...
29.06.2015 Digitisation Strategy Digital Disruption: Die Reihenfolge der erfassten Branchen So wie WhatsApp das SMS-Geschäft der klassischen Telekommunikationsfirmen in wenigen Jahren zerstört hat, könnte es künftig noch viel mehr Branchen ergeben. Zuerst werde die “digitale Zerstörung” die Technologiebranche selbst erfassen. Danach folgen Medien/Unterhaltung, Handel, Finanzen, Telekommunikation, Bildung, Reisen, Konsumgüter/Industrie, Gesundheit, Versorger, Öl &amp; Gas und ganz am Schluss die Pharmaindustrie, lautet das Ergebnis einer Umfrage von IMD und Cisco unter 941 Top-Managern aus aller Welt. https://netzoe...
29.06.2015 Digitisation Bank Bildschirm contra Bankschalter Braucht es keine Banken mehr, sondern nur noch ein Smartphone? Fintech ist das Modewort der Stunde. Doch die traditionellen Institute lassen sich die Butter nicht vom Brot nehmen. http://www.nzz...
28.06.2015 Digitisation Cars isrupting The Auto Industry: These Are The Startups Unbundling The Car rom on-demand repair to vehicle-to-vehicle communication, the automotive industry is changing quickly. These are some of the companies trying to improve cars and the way we drive. https://www.cb...
28.06.2015 Wearables Healthcare Beware a future where health monitoring by wearables is the norm As wearable devices are equipped with advanced health-tracking technology, how long before third parties use this information to gauge how well we are? http://www.the...
18.06.2015 Digitisation Bank Is Digital your DNA or a Department? Do you want to know if you are a Digital Bank? Take the test below and rank yourself out of 5 for each element. If you average 4-5 you are a digital bank. Below 3 – nope. While this is retail banking focused, the same test could apply with a little imagination to corporate, investment banking, investment services, etc. http://www.ban...
17.06.2015 Digitisation Bank The fintech revolution In the&nbsp;years since the crash of 2007-08, policymakers have concentrated on making finance safer. Regulators have stuffed the banks with capital and turned compliance from a back-office job into a corner-office one. Away from the regulatory spotlight, another revolution is under way—one that promises not just to make finance more secure for taxpayers, but also better for another neglected constituency: its customers. http://www.eco...
17.06.2015 Digitisation Bank Why fintech won't kill banks BANKS weren’t much loved before 2007, and the bailing-out of a bunch of them in the financial crisis hardly helped endear them to the public. A slew of startups in the “fintech” space—short for “financial technology”—now reckon they can do better. Bright young things based in San Francisco, New York, London and Stockholm are raising billions of dollars in venture capital to “disrupt” financial services. With much brashness, these t-shirt-wearing whizz-kids are confident they will do to banks what digital photography did to Kodak and transistors to vacuum-tube makers. Will fintech succeed in killing off today’s financial services giants? http://www.eco...
11.06.2015 Digitisation Payments Sechs gute Gründe für Bargeld Bargeld ist geprägte Freiheit, heisst es. Doch Münzen und Geldscheine haben neben Zahlungs- und Recheneinheits-Funktion viele weitere Vorteile. Es gibt 6 wichtige Gründe, die für Bargeld sprechen. http://www.nzz...
10.06.2015 Digitisation Bank The Uberization of Banking The financial services industry must rise to the challenge of disruptive technology and the expectations of enhanced digital experience models to remain competitive as the primary consumer interface for banking services. http://thefina...
10.06.2015 Digitisation Bank Digital Banker of the Year: Citi's Heather Cox Citi was one of the first banks to open its application programming interfaces to outside developers, leading a movement that's picking up momentum. For this and other efforts, Bank Technology News has chosen Heather Cox as its top 2015 Digital Banker of the Year. http://www.ame...
08.06.2015 Digitisation Bank Embracing innovation is all in the mindset Banks and financial institutions continue to look at ways to square the circle when it comes to the digital delivery of financial services and enabling a true customer experience in the new digital world. http://www.fin...
08.06.2015 Strategy Utility or futility? Timing is everything Don’t get me wrong, utilities are a great thing. It’s good to aspire to implement them and it may well be what the derivatives industry needs long term. We just need to approach them with caution and look very closely at market maturity before jumping the gun. Although it may seem like a good idea to get on board before everyone else, it might pay off in the long term to wait this one out and see where discussions around standardisation take us first. http://www.fin...
08.06.2015 Strategy Utility or futility? Timing is everything Don’t get me wrong, utilities are a great thing. It’s good to aspire to implement them and it may well be what the derivatives industry needs long term. We just need to approach them with caution and look very closely at market maturity before jumping the gun. Although it may seem like a good idea to get on board before everyone else, it might pay off in the long term to wait this one out and see where discussions around standardisation take us first. http://www.fin...
08.06.2015 ATMs Bank Simple DIGITAL BANKING Tips - Tip 19: ATMs and Digital Banking ATM (automatic teller machines) is one of the most amazing banking innovations, created with the idea of providing 24 hours banking service – account checking and mostly money withdrawals. Since the first introductions of ATMs in 1960s – changing customer behaviour and expectations triggered a huge transformation for ATMs. As of today, there are more than 3 million ATMs used in the world and Brazil (seems like not only soccer but also money withdrawal from ATM are the national sports there!) is the leader with more than 160.000 machines according to the World Bank Report.&nbsp; ATMs’ significance for Digital Banking is obvious – as it is the only Self-Service banking channel that where physical cash transactions is possible. Can ATMs do more than that for Digital Banking? The answer is YES. http://www.fin...
08.06.2015 Digitisation Payments Mobile payments and the great wallet shuffle, which bank will come out on top? Depending on which survey you read, anywhere from 28% to 48% of iPhone 6 users have already tried Apple Pay, and half of those who haven’t intend to do so in the next 90 days. These astoundingly high numbers will impact the payments industry just as iTunes impacted the music business, and players who adapt will prosper and those who don’t will suffer. We are at a point where a cautious “wait and see approach” will result in lost ground. http://www.fin...
08.06.2015 Digitisation Payments Samsung Pay launch delayed In the aftermath of Android Pay's launch, Samsung has put back the introduction of its own mobile payments service until September. http://www.fin...
08.06.2015 eWallets Bank More UK banks to roll out Visa online wallet Visa has signed four of the UK's largest banking brands for the full-scale commercial roll out of its V.me digital wallet for online shopping. http://www.fin...
08.06.2015 Bank FNB launches mobile network First National Bank is taking on South Africa's telcos with the launch of a mobile virtual network, offering customers its own SIM cards. http://www.fin...
07.06.2015 Privacy / Encryption Apple’s Tim Cook Delivers Blistering Speech On Encryption, Privacy Yesterday evening, Apple CEO Tim Cook was honored for ‘corporate leadership’ during EPIC’s Champions of Freedom event in Washington. Cook spoke remotely to the assembled audience on guarding customer privacy, ensuring security and protecting their right to encryption. http://techcru...
07.06.2015 Digitisation Payments How Fintech Can Disrupt Africa’s Cash-Based Economy Paying at a local coffee shop or superstore with your smartphone instead of your bank card is convenient, but not much more convenient than using a credit card. While there is significant disruption in some fintech areas, such as international money transfer by companies like TransferWise and Azimo, other innovations can seem a bit cosmetic to Western users. http://techcru...
06.06.2015 Digitisation Strategy Poland leading the way in consumer banking Fintech innovation That should be a no duh statement, but it is worth reiterating by first debunking three alternative explanations of what drives innovation: http://dailyfi...
06.06.2015 Social Media Bank The Role of Social Media within Retail Banking Data from the 2015 J.D. Power Retail Banking Satisfaction Study (released in April) finds that the incidence of retail banking customers using social media remains relatively low. Specifically, only 6% of retail banking customers commented about an experience on social media in the past year, and only 12% contacted their bank through the bank’s social media site. http://www.jdp...
06.06.2015 Bank FICO vs. VantageScore; Big Data vs. Big Brother: Weekly Wrap http://www.ame...
06.06.2015 Digitisation Payments The Year That Was And Will Be In Mobile Payments The many success and failures of mobile payments and related solutions drives&nbsp;home a very simple fact: One mobile-based financial solution will not cater to all markets.&nbsp;After all, how can it? The mobile finance space itself is so vast: you have payments, payment-related services and commerce. http://techcru...
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