International

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. BFC FinTech Monitor 5th – 12th June Coming soon: 3 big changes for …

To remain relevant in the modern world, financial institutions must acknowledge the importance of data science, integrate it into their decision-making processes and develop strategies based on actionable insights. Here is a list of nine important data science use cases in banking that highlight how to work with significant amounts …

Martijn De Jong, global co-head of digital channels and data analytics at Standard Chartered, discusses whether the financial services industry is technologically intelligent enough to take advantage of data analytics, how organizations are handling data management necessities and what opportunities exist for harnessing information sources on a scalable and secure …

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 …

Biometric payment cards are finally poised to become a commercial reality, with Norwegian company Zwipe leading the way. According to Zwipe CEO Andre Lovestam, the company plans on small-scale commercial launches of the 1st generation of biometric payment cards by the end of the year and expects demand to increase …

QR codes have been around for years, seemingly a marginal tech solution for a problem that didn’t exist. But as with so many things in the world after the appearance of COVID-19, this much-maligned tech solution has been given a purpose as an elegant enabler of touchless commerce. Although much …

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: …

There has been a significant shift toward digital and cashless payment solutions in recent years. In fact, investments in payment-related FinTechs have doubled investments in other technologies across the financial services space. And now that the COVID-19 pandemic has revealed the significant benefits of digital and cashless payment solutions, this …

The COVID-19 pandemic has put a spotlight on consumer spending habits in times of crisis, and rightfully so. But it’s also important to consider its impact on the payments industry. Here are 3 projections for how the pandemic will shape payments in Europe going forward: Cash usage will continue to …

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.   4 ways FinTechs are dealing with the effects of COVID-19 FinTech lenders’ …

The COVID-19 pandemic has caused many radical shifts in the ways we work, live and even think. As we push forward toward a post-pandemic world, it has become clear that one of these shifts is in the way we pay for goods and services. This insightful infographic from our friends …

Dr. Nick Hughes OBE, executive fellow at the Wheeler Institute, joins Rajesh Chandy to discuss the impact of digital payment solutions in emerging markets in this illuminating video, which is part of the Wheeler Institute’s COVID-19 video series. Video: PSD2 explained in 4 minutes Digital transformation risks for Russian financial …

While the banking industry leads other industries in the adoption of some practices and technologies, digital transformation is not one of them. So, let’s take a look at 4 things financial institutions can learn from other industries in regard to digital transformation: Adopt the first principles of engineering – made …

The banking world appears to be convinced that the COVID-19 pandemic has accelerated digital transformation in the financial services industry. While this may be true in some senses, it is important to temper expectations of a quick and radical shift toward personalized digital solutions that can be seamlessly integrated into …

A new retail banking consumer “pulse” survey by the Boston Consulting Group is helping identify short- and long-term shifts in consumer behavior and sentiment on the basis of data from more than 5,000 respondents across 15 markets, especially as related to channel usage, customer satisfaction with how financial institutions managed …

COVID-19 has resulted in an economic contraction that will likely be the deepest since World War II. It has also put tremendous stress on the banking industry. At the same time, this stress has helped show financial institutions what is actually possible in terms of change. And it is time …

Experts are predicting that the COVID-19 pandemic and related measures will serve to accelerate digital transformation strategies at commercial financial institutions across the Association of Southeast Asian Nations (ASEAN) region. This is largely due to the fact that consumers tend to prefer convenience and perceived safety during times of crisis. …

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 …

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 …

Prior to the COVID-19 pandemic, many financial institutions were on the digital transformation path, slowly moving toward what seemed like an eventuality. As the pandemic broke and the world moved online, gaps in these efforts were highlighted. The good news is that this may actually give financial institutions the impetus …