Retail Banking Systems Insights

The impact of the pandemic has been felt around the world, and in so many ways. It has highlighted the need to counter some of the world’s problems and, in that respect, has increased the urgency to create better outcomes for society. We’ve witnessed an acceleration in digital transformation strategies, as institutions look to better... read more

With financial institutions around the world facing liquidity challenges during the pandemic, efficient settlements and liquidity visibility have moved to the top of bank’s priority list. Bobsguide spoke to Nick Ogden, founder of Worldpay, ClearBank and most recently RTGS Global – a cross-border liquidity network – about building... read more

Federal data protection standards must be created to allow open banking to take off in the US, said Abishek Gupta, head of BBVA Open Platform, BBVA during a Fintech Talents North America panel yesterday. “I agree there has to be some minimum standards across all of those principles to capture it all, and at the same time given how complex... read more

As the new generation of customers increasingly relies on tech, expectations from the services that banks offer are also expected to change – particularly as Gen-Z and millennials focus in on financial wellbeing. “Gen Z and new consumers in the marketplace want to put so much trust and faith in [artificial intelligence] (AI). We are... read more

Until recently, there was reluctance amongst some to embrace digital banking. And then the coronavirus spread. The pandemic has made many more people move to digital channels out of necessity. In their push to stay relevant, most banks have concentrated their digitisation efforts on the requirements of Gen Z and Gen Y, a growing potential... read more

The global pandemic and lockdowns have compounded awareness of how technology enables consumers to stay connected to goods and services in a digital age. And companies are responding – according to a June study by IFS, 70 percent of firms globally are increasing or at least maintaining their digital transformation spend following the... read more

The current pandemic’s impact on individuals and organisations within the banking sector is ever evolving. It has been predicted that the economic environment post-coronavirus is likely to be tough, with a long and difficult journey to recovery. In the past few months, financial organisations have attempted to show adaptability and... read more

“If our CEO came to us and said ‘right, we want to rapidly digitalise this bank so that we do everything that we do today only through digital channels,’ we would have sized that and said we're going to have to stand up multiple programs, it's going to take us 12 to 18 months because that's what everything takes... read more

Large incumbent banks are more likely to build artificial intelligence (AI) capabilities inhouse rather than outsource them, according to Kevin Levitt, global industry business development at NVIDIA during an online MoneyNext Summit panel today. Lewitt referenced an AI in banking survey currently being fielded by NVIDIA. “The early... read more