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 …
Read More »The delusion of rapid digital transformation in banking
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 …
Read More »New survey reveals how COVID-19 is accelerating digital transformation in retail banking
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 …
Read More »6 imperatives for financial institutions to return to profitable growth
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 …
Read More »Accelerating digital transformation in the ASEAN region
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. …
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 …
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 …
Read More »Podcast: is COVID-19 the catalyst for banking digital transformations?
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 …
Read More »Data’s role in digital transformation after COVID-19
In recent months, there has been a deep cultural change in the way we live our lives and conduct business. This change, brought on by the COVID-19 pandemic, is largely …
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 …
Read More »Drivers shaping the future of finance in a post-pandemic world
We’ve already seen some of how COVID-19 has changed our thoughts on the financial industry and how we engage with it. But it’s also important to look toward the future …
Read More »16 proven strategies to keep consumers engaged, even in a crisis
COVID-19 has spurred a fundamental shift in consumer behaviors and expectations. This shift is also impacting the way in which financial institutions interact with consumers as well as the way …
Read More »EU financial institutions facing unprecedented challenges
The European Banking Authority (EBA) has published a preliminary assessment of the impact of COVID-19 on the European Union (EU) banking sector. The main findings of the assessment are: Financial …
Read More »The importance of FinTech in emerging markets
FinTech services have quickly become fundamentally important for continued development in emerging markets. This is largely due to the fact that access to financial services for many in these countries, …
Read More »Video: how banking will change after COVID-19
Emmanuel Daniel, founder of The Asian Banker, discusses how commercial financial institutions around the world, by and large, failed consumers during the COVID-19 pandemic as well as the emerging new …
Read More »Video: a conversation with Philip Augar on the future of banking systems
Philip Augar, financial expert and author on financial systems, connects with Andrew Hilton and Jane Fuller of the Centre for the Study of Financial Innovation to discuss the future of …
Read More »5 ways FinTech startups are adapting to the COVID-19 pandemic
We’re now living in a new macroeconomic narrative, one with major changes taking place nearly every day. To survive in such conditions, it’s necessary to be flexible. Unsurprisingly, FinTechs are …
Read More »COVID-19 might finally bring FinTechs and financial institutions together
Despite a past of underwhelming collaborations between FinTechs and traditional financial institutions, the COVID-19 pandemic is likely to forge deeper relationships between the two as many legacy systems have proven …
Read More »New opportunities for FinTechs in a post-COVID-19 world
According to a Deloitte report on the future of banking, the COVID-19 pandemic may end up resulting in new opportunities for FinTechs in the long term. In particular, the report …
Read More »5 digital lending strategies addressing the COVID-19 situation
Although the full impact of COVID-19 has yet to be determined, it is clear that business will not be as usual for some time. In response, many financial institutions are …
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