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Tag Archives: Digital Transformation

FinNext 2018 conference to be held in Moscow on February 15th

FinNext 2018 will be held on February 15, 2018 at the Digital October conference center in Moscow. The event will bring together more than 600 participants and will feature 50 speakers. This year, the focus of the forum will be on: Banks as engines of fintech innovations Artificial intelligence and …

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Survey finds fintech firms moving from bank foe to bank friend

For the tenth consecutive year, Temenos has conducted a comprehensive banking survey, covering areas such as the industry’s corporate and IT priorities, business challenges, competitive trends and progress to becoming more digital. The results from this year’s survey have found that banks are increasingly viewing fintech companies not as competitors …

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Banks must embrace fintech to survive

Speaking at a fintech conference in Tel Aviv, Tamar Yassur, head of digital banking at Bank Leumi (Israel’s second largest bank), stated that banks must become active in the world of financial technology if they are to survive. No longer are banks competing against other financial institutions for consumers’ attention, …

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Georgia needs to focus on artificial intelligence now to benefit tomorrow

As a future with artificial intelligence both excites and causes concerns around the world, the adoption of artificial intelligence technology in Georgia remains relatively low, and Georgian authorities are being advised to focus on the development of artificial intelligence in order to ensure future economic growth, spur job creation and …

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The human cost of artificial intelligence

As artificial intelligence becomes one of the most popular buzzwords circulating in tech and business circles, one thing is frequently overlooked — the human cost. Although artificial intelligence is expected to create jobs, the central questions are whether or not it will create enough jobs to offset the ones it …

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How digital is your bank? Take a short test!

Take a short test to evaluate the level of Digitalization in your bank’s operations. Take the test here. Why financial institutions are losing the talent war for developers Infographic: how RegTech savvy are you? BigTech’s impending banking invasion

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The role of CEO in digital transition

Laurent-Pierre Baculard, a partner and director in Bain & Company’s Paris office, discusses how leaders should approach digital transformation and suggests successful organizational models. Video: B2B financial services firm case study Why the FinTech revolution has not turned the financial industry on its head Video: what to look for in …

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20 ways to achieve digital transformation

Find out the best practices for achieving an efficient digital transformation. 4 lessons financial institutions can learn from digital-centric companies Infographic: the collaborative economy Infographic: 10 FinTech trends to watch in 2019

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Ensuring the efficiency of digital transformation

With increasingly demanding customers and competition from fast-growing Fintech companies, the urgency for banks to deliver highly-innovative new value propositions as well as maintain and improve existing products makes software development a strategic imperative. However, it also represents a major operational cost for banks as it is a major area …

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The future of banking lies in APIs

One of the main problems faced by financial companies today is their traditional linearity. In the era of digital transformation, the lack of alternative business models and the high cost of owning a “closed” IT infrastructure has brought traditional financial service providers to a crisis and allowed others (PayPal, Apple, …

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How banks can adapt in the digital era

In the digital era, businesses are no longer built around products and services, rather they are built around customers. This is becoming true for banks too, with traditional banking management systems and operating models increasingly inadequate and ill-prepared for the digital world. Many banks are now faced with the need …

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The transformation of the CIO

To serve a changing market and respond to new competitors, retail banks and credit unions are rethinking and expanding the role of the Chief Information Officer (CIO). Beyond improving the traditional front-office and back-office digital functionality, the focus is increasingly on improving consumer experience. This has meant that CIOs have …

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Top 10 retail banking innovations in the world

The Efma–Accenture Banking Innovation award program is an initiative program aimed at identifying and awarding the most innovative projects in retail banking at a global level. The program, now in its fifth year, hopes to share the best practices worldwide. A total of 183 financial institutions from 59 countries submitted …

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Commerzbank’s focus on Digitalization

Germany’s Commerzbank has developed a multi-channel approach to providing support to its customers, using digital solutions for simple daily operations and establishing a trusting relationship with customers at the same time. The bank tends to remain focused its customers, and, as such, has pioneered many banking solutions such as the …

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Alfa-Bank’s digital transformation

Alfa-Bank, like many banks in Russia, is undergoing a digital transformation. The bank has divided this transformation into two main areas: customer-related and internal. Digitalization related to customer experiences includes how customers interact with the bank, products and services, the development of digital channels and creating an open ecosystem of …

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Digital technologies lagging behind in Central Asia

The conclusions of a World Bank report on the development of digital technologies in Central Asia are disappointing. Experts found that expensive and difficult access to the internet has become a barrier to the development of business in the region. In Tajikistan, it was found that only 17% of the …

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ICTForum 2017 held in Uzbekistan

ICTForum 2017, held in Uzbekistan, allowed participants to come together to discuss online banking, payment systems, payment through social networks, cloud solutions for banks, blockchain and other related topics. The forum also included a talk from Abdulaziz Sattarov, IT director at Ipak Yuli Bank, about the stages of digital transformation …

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