Home /

Blog Archives

4 keys for successfully moving into a digital financial environment

There has (rightfully) been a lot of talk this year about digitization in the financial sector, with the COVID-19 pandemic drastically accelerating the development and implementation of digital solutions in financial institutions. This has been somewhat of a challenge for financial institutions as they seek to balance the need for …

Read More »

Internet Banking Rank 2020 report published

Markswebb has published its Internet Banking Rank 2020 report, which explores how an online financial institution for individuals can be developed to bring value to consumers and cope with new challenges (including the current COVID-19 challenges). This includes an investigation of how consumer behaviors are changing, what activities are the …

Read More »

Infographic: COVID-19 boosting banking’s focus on digitalization

The COVID-19 pandemic has dramatically reshaped our world in only a few short months. In the world of banking, this has led to an increased focus on digitalization. This trend is perhaps best illuminated in a recent survey conducted by card issuing platform Marqeta, as outlined in this enlightening infographic. …

Read More »

CBDCs alone cannot solve financial inclusion problems

Financial inclusion (or the lack thereof) is an ever-present issue, even in the modern world. In fact, an estimated 1.7 billion do not have reliable access to a bank account or other simple banking services. This forces them to turn to alternative institutions that charge high fees, trapping them in …

Read More »

Quick look at the statuses of various CBDC projects around the world

A new working paper from the Bank for International Settlements (BIS) examined the state of various central bank digital currency (CBDC) projects around the world to see what their statuses are. Interestingly, 3 countries (Ecuador, Ukraine and Uruguay) have already completed retail CBDC pilots, and 6 (the Bahamas, Cambodia, China, …

Read More »

Central Bank of Russia considering developing a digital ruble

The Central Bank of Russia has announced that it is studying the need to create a national digital currency that will circulate as legal tender alongside the ruble. Although no decision has yet been made, many view the creation of a digital ruble as necessary to meet the ever-changing needs …

Read More »

Video: central bank digital currency basics

With China set to pilot its new central bank digital currency (CBDC) in select areas across its territory, it is poised to become the first nation in the world with a sovereign digital currency. But what exactly is a CBDC? How does it work? And what’s the difference between a …

Read More »

Big Data in banking is becoming everything

While social media companies are great at determining what gets our attention, financial institutions know what opens our wallets. Now, Big Data offers a way to combine these two forces (and more) to allow financial institutions to better deliver on their core promise of listening to consumers and creating products …

Read More »

Data science in finance: the case for AI

Understanding complex and interdependent financial systems has long been the proverbial pot of gold at the end of the rainbow. The sheer volume of data involved, the administrative burden of maintaining and processing historical records and the high resources needed to exploit and make sense of an ever-growing lake data …

Read More »

Video: 5 ways data science is changing finance

From giving better risk evaluations to incorporating the use of machine learning algorithms, data science is reinventing the financial services industry. Uncover 5 ways financial institutions are implementing data science solutions to stay ahead of the curve. Video panel: the future of finance Video: Ethereal Virtual Summit 2020 discussion on …

Read More »

The importance and convenience of digital wallets

As contactless payment solutions rise in popularity amid the COVID-19 pandemic, it has become clear that digital wallets are likely to become an important part of our future. Not only are they easier to use by eliminating the need to carry a physical wallet, they also offer many other benefits …

Read More »

5 payment trends COVID-19 is pushing into reality

There has been a lot of talk about how COVID-19 is changing the future of payments. The reality is that it’s not really changing the future of payments as much as it’s ushering it into reality much more quickly than anyone expected. Here are the 5 biggest examples of this: …

Read More »

How Russians pay

Research company Mediascope has released a study on how and for what residents of large Russian cities make online payments. The study, conducted in May and June of this year, involved Russians aged 12-55 who are residents of cities with a population of 700,000 or more (or of a population …

Read More »

Video: is COVID-19 giving rise to the era of contactless payments?

Contactless payments were starting to become trendy prior to the COVID-19 pandemic. But has the pandemic accelerated the use of contactless payments? Get some more background regarding this topic in this short, informative video published by Payments Journal.   Samsung Pay has been launched in Russia Coming soon: 3 big changes …

Read More »

4 key lessons traditional financial institutions need to learn from COVID-19

The COVID-19 pandemic has revealed the shortcomings of a number of traditional financial institutions, especially as related to digital transformation. Here are 4 digital transformation lessons they need to embrace in the post-pandemic period or risk being left behind: Be more open to digital collaboration – traditional financial institutions’ internal …

Read More »

2019 SME banking innovations in Eastern Europe and Central Asia

Financial institutions operating in Eastern Europe and Central Asia were active in providing innovative services and solutions for small- and medium-sized enterprises (SMEs) in 2019. In fact, financial institutions in these regions implemented 20% more such services and solutions than in 2018, with more than 40 financial institutions distinguishing in …

Read More »

Video panel: the future of finance

Bloomberg convened a peer community of C-level technology executives and senior decision-makers to examine how financial services leaders are embracing digital transformation to improve business continuity, modernize processes and navigate mounting challenges. Watch this fascinating panel discussion to gain some interesting insights into how the COVID-19 pandemic is driving digital …

Read More »

What banking will look like after the pandemic

As we emerge from the COVID-19 crisis and look to the future, we can clearly see that banking will be very different than it was before. Perhaps most obviously, banking will move increasingly into online spaces as the measures taken to combat the spread of COVID-19 are exposing a greater …

Read More »

How COVID-19 could reshape China’s banking industry

With COVID-19 seemingly somewhat under control in China, the country’s banking industry is examining the damage and preparing for difficulties. In particular, the aftermath of the crisis is expected to test lenders’ resilience with a more than 50% increase in non-performing assets at the same time as a halving in …

Read More »
  • Categories

  • Main topics