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Tag Archives: Digital Transformation

Is crowdfunding the next great boom?

The boom of technological innovations and creativity in the financial sphere has given us numerous interesting and beneficial concepts. One the more recent among them is the idea of collective investments (i.e. crowdfunding). In fact, crowdfunding platforms have become very popular in the last few years, with the crowdfunding market …

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FinTechs represent an opportunity for wealth managers, not a threat

FinTechs are entering the wealth management industry at a record pace, and many traditional wealth management companies are not thrilled. But the fact is that FinTechs are bringing speed, radical innovations and visibility into the market. Although nobody can predict the next big disruption and how it will play out, …

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5 things wealth managers should keep in mind going forward

As the wealth management industry evolves, wealth management firms must reinvent themselves and take advantages of cutting-edge technologies to enhance consumer experiences and provide greater personalization. Here are five key things wealth managers need to keep in mind going forward: Consumers are not satisfied with current digital offerings. According to …

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Additiv driving WealthTech democratization in Asia

Zurich-based WealthTech company Additiv has become a worldwide leader in the field of digitization for wealth managers. In Asia, the company is driving a wide-angle perspective and helping wealth management become more democratized, enabling more and more people to access wealth management solutions – all thanks to the rise of …

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Video: the client journey within the WealthTech revolution

There are many points within the client experience, including onboarding, where high-quality digital interactions can help enhance client-bank relationships and give clients access to a broader range of services. Alfa-Bank launches new international marketplace platform Top 7 InsurTech trends paving the way towards insurance 2.0 UniCredit teams with FinDynamic to …

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Video: WealthTech and millennials

CB Insights analyst Matt Wong gives a brief overview of WealthTech and millennials relationship with it. How online lending will continue its evolution Infographic: how bigtechs make their billions Open banking is uberizing Ukraine’s financial services

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Infographic: the rise of WealthTech

Evolving consumer expectations, the rapid adoption of technology and new competitors are placing new demands on today’s wealth management companies and reshaping the whole look and feel of the industry. Here’s a glimpse of the evolution of digital wealth management since 2011.   Video: why banks are investing in RegTech …

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5 competitive strategies for facing the BigTech threat

Today’s consumers want the same level of experiences they get from financial institutions as they get from BigTechs like Amazon and Google. The reality, however, is that most financial institutions do not currently offer this level of experience, meaning that, when BigTechs start delivering banking services, financial institutions may well …

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BigTechs march to battle in the financial sector

Over the past few years, there has been much made of the FinTech boom and how tech- and financially-focused companies were invading the financial sector from seemingly every corner. A new player, however, is entering the sphere and making even bigger waves. BigTechs (also known as TechFins) have swooped into …

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4 lessons financial institutions can learn from digital-centric companies

Digital-centric companies like Amazon and Uber have raised consumer expectations regarding the experiences companies provide. These expectations are even being placed on financial institutions. Here are 4 lessons the financial industry can learn from digital-centric companies: Be obsessed with consumer experiences – younger generations have come to expect companies to …

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Video: the threat of payment apps to U.S. banks

U.S. banks are projected to lose as much as USD 43 billion in revenue if mobile payment apps become as popular in the U.S. as they are in China. This video examines how cheap and easy phone-based payments are threatening one of the banking industry’s most profitable businesses. Swedish bank …

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BigTech’s impending banking invasion

With concerns of a BigTech “invasion” into financing reaching an apex, it seems appropriate to examine BigTechs’ interest in the financial sector: Why might BigTechs get into banking? – financial services already make up about 11% of BigTech revenue streams. Moreover, there is great potential for this to grow in …

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China’s TechFin giants

Chinese tech firms are moving into the banking sector in a much different way then their Western counterparts. Whereas Western BigTechs like Amazon and Google seem content in serving financial institutions with cloud features and advertising, Chinese ones like Tencent and Alibaba seem far more interested in competing with financial …

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3 ways financial institutions in Kazakhstan can interact with BigTechs

New players, so-called BigTechs, are entering global financial markets and capturing new market niches by taking advantage of their technological innovations and huge customer bases. As these companies slowly begin their penetration into Kazakhstan, financial institutions in the country will need to choose one of three paths forward: Competition – …

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The heads of Yandex, Tinkoff and Severstal discuss technological developments

The St. Petersburg International Economic Forum hosted a discussion with the heads of Yandex, Tinkoff and Severstal, during which the three discussed ideas on the development of technologies. Highlights of the discussion are presented below, with more details available here. Artificial intelligence – artificial intelligence will not change human functions, …

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Sberbank to launch music streaming service?

Russian bank Sberbank is planning to launch a music streaming service in the near future. Currently, the bank is looking for a partner and is reportedly in negotiations with Yandex, Mail.ru and Zvooq. While representatives of all the aforementioned companies declined comment, Sberbank has reportedly been eyeing the streaming market …

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Video: opportunities and risks with bigtechs entering the financial sector

BIS economic adviser and head of research Hyun Song Shin discusses the entry of bigtech companies into the financial services industry and the new challenges this poses for financial regulators, consumer protection and data privacy. Infographic: the rise of WealthTech Commercial financial institutions embracing FinTech partnerships? Russia debates the personal …

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Video: the opportunities of TechFin

Chris Skinner, chairman of the Financial Services Club UK, discusses the opportunities of TechFin. Using open banking to match consumer needs Video: why many FinTech startups fail Lessons learned from adopting new technology at Finca Bank Georgia and Cantilan Bank

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