Retail Banking Systems Insights
11th May 2018
Two hotly anticipated legislations of 2018, PSD2 and GDPR, are products of a new digital dawn.
The former was met with wholehearted embrace from a host of third party fintech startups and the wider banking community who envisioned a more customer-centric and competitive Open Banking sector; ripe ground for healthy innovation.
The regulators... read more
11th May 2018
Canada’s developing retail banking sector has acknowledged that digital advances can reshape the market, offering a wider array of services to millennials who expect better customer experiences, says Simon Howard, director of business development UK and Canada, Talkingtech.
However, the rate of change differs across each banking... read more
10th May 2018
"We took our eye off the ball," Kirsty Rutter, chief innovation officer of Barclays UK, tells bobsguide in this podcast, "and it was a gift."
Rutter goes on to discuss how the challenger banks spotted the gap in the market, executed excellent customer-centric strategies with fantastic technology.
It was a time to... read more
9th May 2018
Having remained relatively unchanged for many generations, the cross border payments map is being transformed. The forces driving change are coming from all angles, entirely reshaping the landscape, and drawing a new map.
New entrants are changing expectations and demand. Large global banks are retreating from their traditional correspondent... read more
8th May 2018
International treasury and fintech – what’s holding us back? In recent years, the biggest financial players with the strong, established corporate relationships have sought to adopt new technologies in the pursuit of better processes to revolutionise business performance.
Recently, Barclays has been reported to be discussing opening... read more
4th May 2018
Today's editor's picks looks at the Open Banking picture: how the industry is currently managing the initative, how they are reacting to PSD2's fallout and what provisions they are taking for a future driven by Open Banking.
Barclays PayPal pact goes beyond Open Banking
Barclays has announced a new strategic... read more
4th May 2018
On average the populations of major Western societies are getting older. In the UK, in less than two years, the number of consumers aged 65 or over will rise by over a million and in little over 20 years one in seven people will be over 75 years of age.
While this will bring challenges for the economy as a whole, this will be a demographic tidal... read more
2nd May 2018
Barclays has announced a new strategic partnership with PayPal in the UK and US that is designed to enable customers to manage and use respective accounts together with greater ease, for the first time.
It suggests a move with serious industry implications.
Commenting on the partnership in an announcement, Ashok Vaswani, Barclays UK CEO,... read more
30th April 2018
The financial sector, while forging ahead in other areas of digital transformation, has been relatively slow to adopt the cloud and there has been good reason for it: banks have to deal with highly sensitive data, so sharing data storage and computer resources with others may in some cases not even be envisaged, let alone adopted.
However, just... read more
23rd April 2018
The world of consumer banking is becoming more democratic, as the old banking powers begin to lose their grip and their monopolies.
The latest Open Banking regulations have signalled a subtle shift in the world of consumer banking. New competitors are being allowed to compete in a marketplace long dominated by a select few financial... read more