Home / Tag Archives: Digital Transformation (page 4)

Tag Archives: Digital Transformation

Open banking platforms

Open banking and the regulatory environments driving it are forcing financial institutions to become a platform business. However, there are 4 such platforms for financial institutions to consider: Proprietary platforms use open APIs to make data accessible to developers and to offer finalized products to consumers. Joint venture platforms encourage …

Read More »

Does the Beyond Banking model represent the future of banking?

Beyond Banking is a business model in which consumers receive a package of services through an ecosystem of various providers. It works by taking advantage of open APIs to quickly and easily send data between the information systems of various services using standard data exchange protocols. It has arisen as …

Read More »

How to transition into the era of open banking

It cannot be stated enough that open banking is here, and it’s here to stay. Financial institutions must now embrace open banking if they are to remain relevant in the medium and long terms. To do this, they must start thinking consumer-centrically and realize the value that third-party service providers …

Read More »

Time for European banks to embrace open banking business models

Open Banking is making a significant impact upon the banking industry in Europe and encouraging more players to get involved in the financial services industry. In fact, newcomers have increased their share of revenue in the past year and now represent a third of the financial sector’s total growth. This …

Read More »

Gates Foundation supports open mobile banking platform in Africa

Two of Africa’s largest mobile operators and mobile money providers (Orange Group and MTN Group) have announced they will use Mojaloop, an open source financial services technology sponsored by the Gates Foundation. The two companies call their joint venture Mowali (mobile wallet interoperability), which will make it possible to send …

Read More »

Isracard selects Temenos as its digital open banking platform

Isracard, the largest credit card company in Israel, has selected banking software company Temenos to serve as its open banking platform. Isacard’s selection of Temenos will help the company achieve its strategic goals of simplifying its system architecture and providing enhanced digital experiences. Temenos’s T24 Core Banking platform will provide …

Read More »

Netherland’s cautious adoption of open banking

The Second Payment Services Directive (PSD2) underpins open banking across the European Union (EU); however, open banking in the Netherlands has yet to become a reality as Dutch regulators have been slow to transpose the directive into national legislation. Much of this delay centers around ensuring legal protections for data …

Read More »

India standing at the crossroads of open banking

Changing consumer patterns, the emergence of non-traditional competition (e.g. FinTechs, blockchain and artificial intelligence) and initiatives undertaken by the Reserve Bank of India have provided the ideal timing for Indian banks to embrace open banking or risk losing out to new, innovative players. However, there are still numerous issues that …

Read More »

Sberbank registered 182 new domains

Early this year, Sberbank registered 182 domains having “sber” in the address (e.g. sber-medicine.ru, sber-fashion.ru and sbersale.ru). The mass registration of domains is part of Sberbank’s effort to develop an online ecosystem that meets consumer’s financial and non-financial needs. By 2020, Sberbank plans on transforming itself into a universal company …

Read More »

Russian insurers, intermediaries discuss API integration

The Digital Tools for the Development of Insurance Product Partner Sales roundtable was held in Moscow, a first-ever discussion between insurance companies, intermediaries and IT experts in the country. The roundtable was held to discuss how API integration could be leveraged to: increase the speed of consumer integration into insurance …

Read More »

In-demand FinTech skills

Rapid digital transformation has not only hastened the expansion of FinTech in recent years, it has also increased the demand for FinTech skills. Moreover, this demand calls for a convergence of multidisciplinary skills commonly-known as the full-stack quant (i.e. requisite technical skills with a working knowledge of financial concepts and …

Read More »

The appeal of finance to top tech talent

The world of technology seems to be filled with endless opportunities for innovation and success, whereas the financial world is often perceived as outdated and with a bleak outlook. Yet, tech-minded individuals seem to be entering financial spheres at high rates, signaling a shift in where many (especially millennials) are …

Read More »

Why financial institutions are losing the talent war for developers

A global survey of 1,000 bank and financial firm executives found that the biggest concern for many financial institutions is access to skilled developers. In fact, 97% of respondents said the higher developers was a priority for them, with 72% seeing developers as directly impacting sales efforts. This leads to …

Read More »

12 expert opinions on HR tech

Technology is helping advance HR into a new era. Here are 12 expert predictions on the future of HR:   People analytics – technology is making it easier to integrate workforce data into HR decision-making processes. This will increase the effectiveness of human resources in the future.   Hiring and …

Read More »

Top trends in e-learning and EdTech

There has been a noticeable revival for educational products, with an increasing number of accelerators and investors becoming interested in educational startups and many corporations working to develop their own educational services/courses. At the same time, this burgeoning market is still in the nascent stage, trying to realize an undefined …

Read More »

PayPal joins launch of FinTech educational program in Singapore

PayPal, a leading brand in the digital economy, has announced its plan to join the launch of a FinTech educational program in Singapore, alongside Singapore’s five polytechnic institutes and the Institute of Technical Education. Specifically, PayPal will work with the institutions to enhance their IT curriculum by integrating proprietary materials …

Read More »

First school of digital economics in Russia

The creation of the first school of digital economics in Russia was announced last fall at the Eastern Economic Forum. The school, founded as an innovative educational project designed to train personnel for solving advanced tasks in the digital sphere, will be built based on individual educational trajectories and the …

Read More »

Uzbekistan hosts DigiGirlz High Tech Camp

Uzbekistan hosted the second DigiGirlz High Tech Camp educational program, which is aimed at increasing the potential of girls and attracting them to the technology sector. The program, held at the Inha University in Tashkent, provided young girls (aged 12-17) with the chance to familiarize themselves with the technology sector …

Read More »

JPMorgan to build Silicon Valley campus

JPMorgan Chase & Co. plans to open a FinTech campus in Palo Alto, California as part of its efforts to attract more Silicon Valley talent. The campus, scheduled to open in 2020, will have more than 1,000 employees and will make it easier for the company to host events and …

Read More »

Video: improving workforce digital IQs

John Garvey of PwC Global discusses the importance of getting your workforce comfortable with new and emerging technologies in our increasingly digitized world. Baku to host Finance and Investment Forum 2018 Podcast: is COVID-19 the catalyst for banking digital transformations? Digital customer service

Read More »
  • Categories

  • Main topics