The future of finance is digital. If you are a financial services company. The problem isn’t predicting whats going to happen or what you NEED to do .... its figuring out what you CAN do and HOW you are going to achieve it.
We were asked to give a mobile banking planning/education chat with some agency folk here in NYC. This is a version of that deck/convo.
"A growing polarization between leaders and laggards as visionary financial institutions rise to the challenge of calamity and move ahead of their weaker competitors. Mobile represents a necessary step forward for all retail banks."
Faced with the challenges of the financial crisis and re-regulation, retail bankers are distracted from the threat of the ‘de-banked consumer’. But, as we argue in our new report, banks’ core competitive advantages are being eroded – and they face some tough choices if they are to stay competitive in the digital age.
For more information, visit http://www.deloitte.co.uk/bankingdisrupted
«Branch, Internet, Mobile, Digital» is a study that aims to synthesize and connect some of the most innovative actions that Banks, Fintechs and other actors are undertaking to develop a new model for the financial services.
Views expressed in this presentation are my own.
Banking Disruption in Financial Services: Threats and OpportunitiesDogTelligent
There are three forces shaping the future of banking. Technology innovation is the first. For most traditional financial institutions -- banks and credit unions -- technology innovation is a weakness; instead, they rely on third-party firms ranging from established core providers to startups to provide them with a mix of products that they repackage and resell to their customers. Demographics is the second force. Millennials now account for 25% of the US population with 80 million and growing. The third force is the emergence of new business models on the one hand driven by Millennial demand and communication preferences, and on the other, enabled by new technologies as they are invented.
The report examines data from multiple sources and suggests potential defenses for institutions to fend off competitive threats from technology, retail, and telecom firms that are gaining traction in the payments and banking arenas.
We were asked to give a mobile banking planning/education chat with some agency folk here in NYC. This is a version of that deck/convo.
"A growing polarization between leaders and laggards as visionary financial institutions rise to the challenge of calamity and move ahead of their weaker competitors. Mobile represents a necessary step forward for all retail banks."
Faced with the challenges of the financial crisis and re-regulation, retail bankers are distracted from the threat of the ‘de-banked consumer’. But, as we argue in our new report, banks’ core competitive advantages are being eroded – and they face some tough choices if they are to stay competitive in the digital age.
For more information, visit http://www.deloitte.co.uk/bankingdisrupted
«Branch, Internet, Mobile, Digital» is a study that aims to synthesize and connect some of the most innovative actions that Banks, Fintechs and other actors are undertaking to develop a new model for the financial services.
Views expressed in this presentation are my own.
Banking Disruption in Financial Services: Threats and OpportunitiesDogTelligent
There are three forces shaping the future of banking. Technology innovation is the first. For most traditional financial institutions -- banks and credit unions -- technology innovation is a weakness; instead, they rely on third-party firms ranging from established core providers to startups to provide them with a mix of products that they repackage and resell to their customers. Demographics is the second force. Millennials now account for 25% of the US population with 80 million and growing. The third force is the emergence of new business models on the one hand driven by Millennial demand and communication preferences, and on the other, enabled by new technologies as they are invented.
The report examines data from multiple sources and suggests potential defenses for institutions to fend off competitive threats from technology, retail, and telecom firms that are gaining traction in the payments and banking arenas.
As we kick off 2016, what will Financial Institutions and the FinTech disruptors focus on from a payments perspective? What and who will be the winners and losers when it comes to mobile payments, mobile wallets, digital payment solutions, cryptocurrencies and blockchain? CG’s Emerging Payments Leads Jim McLeod and Sam Maule share their thoughts on these topics with David Brear, the Chief Thinker at London’s Think Different Group. Watch the full video: https://www.youtube.com/watch?v=GUnf0OtE6bI
In September 2014, CG surveyed 1,005 U.S. consumers online and conducted qualitative phone interviews with ten financial services executives at the top 20 U.S. financial institutions, to understand how mobile banking and the shift of mobile device size (tablets getting smaller, smartphones getting larger) will influence how Americans do their banking in the 21st century. This presentation details the findings of this research.
To receive a copy of the white paper, due out in March 2015 please email insight@cgcginc.com. For more information about CG’s Digital Practice please visit https://www.carlisleandgallagher.com/insights/research-insights or follow #CGDigital on Twitter.
Uber has become a byword for the disruption of an entire industry with every new startup calling itself the ‘Uber of ______’.
What can we in banking and financial services learn from Uber and its fellow disrupters? How as established can we learn and innovate, to deliver better experiences to our customers? And how can we embrace disruption to beat out the wave of new fintech companies?
This webinar will look at:
Breakdown the types and elements of Uber-like disruption that apply to banking and financial services.
Examples of disruption and innovation.
The imperative to deliver innovative digital experiences.
What is required to deliver digital experiences that customers want to use.
Guest speaker on this topic is Simon Mathews, Chief Strategy Officer, Extractable. Regularly sought after to speak on innovation and experience topics, Simon leads the strategy and digital experience design teams at Extractable, a leading digital experience design firm based in San Francisco.
He is responsible for driving better outcomes for his clients’ customers, through the application of cutting-edge digital design techniques and innovative strategies. Simon’s team spans digital strategists, user-experience designers, content strategists and visual designers working in an agile methodology.
He has over 20 years of consultancy experience spanning communications, advertising, and digital agencies in Europe, Asia and the US. He has worked with both major corporations and startups around the world including AIA, ACE Group, AIG, ALICO, Autodesk, BOK Financial, BMO, Dell, Emirates Airlines, IBM, Juniper, Leapfrog, LVMH., Merrill Corporation, Micron, McAfee, Motif Investing, The Newport Group, Nokia, Reebok, St. Luke’s, Seagate, Southwest Airlines, Stanford healthcare, TD Bank, Ubisoft, ZoneLabs, and WL Gore.
Simon has visited 56 countries and is an avid kiteboarder, always seeking the next windy destination.
Georgine Muntz's presentation at CBA LIVE touched on the technologies that can help auto lenders reach an ideal level of efficiency, including eSignatures, automated communication, and loan origination systems. She also discussed the importance of collaboration, examined the uses of detailed data analysis, and explained how hiring both experienced veterans and younger innovators helps to build the most agile and capable teams possible.
How fintechs can profit from the female economy finalChesca Garcia
From the Financial Alliance from Women:
This report is based on research with 168 fintechs and 30 investors and other
ecosystem actors from 43 countries. We would like to thank the research respondents
for their time in openly sharing and contributing to the survey.
The Financial Alliance would like to acknowledge Syed Musheer Ahmed and Yosha
Gupta from Finstep Asia, who conducted the research and provided sectoral insights
and the Alliance team who worked on this study: Inez Murray, Karyl Akilian, Rebecca
Ruf, Carine Fersan and Tessa Ruben. We also acknowledge Luba Vangelova, Olivia
LaBarre, and Ernie Agtarap for their role in the production of this report.
Brett King Presents The Future of Banking in an exclusive Backbase webinar.
The future of banking will not be about a place you go, about branch networks, rates or product features. The future of banking is in the utility and connectedness with customers.
In this exclusive Backbase BANK 2.0 webinar, the bestselling author of BANK 2.0, discusses how the very nature of banking is changing, how customer's expectations, customer behavior and context will force banks to reboot the way they work their customers.
Highlights of this webinar include:
The Changing Behavior of Customers
The Generational Cliff – when your customers are all gone
The Loss of Physicality – No Paper, No Plastic
The New Utility – Connected, Contextual, Fun, and Fair
The New Banking Ecosystem – BANK 1.0 versus BANK 2.0
"Smart Banking- Real Time Driven at Number26", Christian Rebernik, CTO at Num...Dataconomy Media
"Smart banking: Real Time Driven Processing at Number26", Christian Rebernik, CTO at Number 26 GmbH
YouTube Link: https://www.youtube.com/watch?v=Hg-Uu0nzd0U
Watch more from Data Natives 2015 here: http://bit.ly/1OVkK2J
Visit the conference website to learn more: www.datanatives.io
Follow Data Natives:
https://www.facebook.com/DataNatives
https://twitter.com/DataNativesConf
Stay Connected to Data Natives by Email: Subscribe to our newsletter to get the news first about Data Natives 2016: http://bit.ly/1WMJAqS
About the Author:
Christian was born in Vienna, Austria and studied economics and informatics in Vienna. Before he joined NUMBER26 in the position of CTO, he founded his own company and worked as a CTO for Zanox, Parship and Immobilien.net. On top of this Christian acts as a Mentor and Coach to several startups during their founding phase and he consulted the United Nations World Food Programme in the creation of the Share the Meal app.
The next 10 years in FinTech by Philippe Gelis from KantoxTheFamily
We're thrilled to welcome a very special guest:
Philippe Gelis, cofounder & CEO at Kantox!
We hear a lot of talk about the future of Fintech, and who better to give his take on the subject than the cofounder & CEO of one of its top performers?
You've probably heard about Kantox, the P2P currency exchange platform with 1600 clients in over 20 geographic locations. This startup focuses on SMEs and mid-cap companies, providing them with a solution that has historically only been available to the largest of organizations.
Kantox announced last September that they had reached over $2 billion in total transactions on the platform. With their $11 M Series B round raised last May, we can say things are looking pretty good for Kantox ;)
Philippe cofounded Kantox, one of the first Fintech startups, back in 2011. He began his career working for Renault Suisse as a financial controller. He then gained invaluable experience in the banking industry as a consultant. Before founding Kantox, he was strategy & management consultant at Deloitte. He is specialized in corporate finance and business strategy.
In this 45 min. talks on the future of Fintech, Philippe gives his analysis of the current state of the industry and the major trends to follow during the next 10 years.
LOVE,
TheFamily Team
The Future of Bank Branches Coordinating Physical with DigitalCapgemini
Digital Technologies will Accelerate Branch Transformation, Not Make Them Extinct
Retail banking is evolving at an accelerated pace. Globally, banks are facing disruptions from multiple directions. Business and economic realities have reduced the total number of US bank branches by 3,000 between 2009 and 2012 - a decrease of 3% over the 3-year period. In Spain alone, banks have closed 5,000 branches or 12% of their overall capacity since the financial crisis began in 2008, lowering the total branch count to approximately 40,000 in 2012.
That is not all. Digital technologies have also brought a significant shift in consumer banking behavior. The percentage of US banking customers who prefer to bank online jumped to 62% in 2011, up from 36% the previous year. Today, four of the top five transactional banking activities in North America – bill pay, viewing balances/transactions, viewing statements and money transfer – are happening online.
This brings us to the key question of this paper: do brick-and-mortar branches have a role to play in the future of retail banking?
Carlisle & Gallagher Consulting Group predicts mobile payments will surge to 20% of U.S. payment transactions by 2020. Consumer apathy, sluggish merchant acceptance and lingering security concerns continue to slow near-term mobile wallet adoption.
Philippe Gelis, CEO & Co-Founder of Kantox, talking about the next 10 years in Fintech; A new co-petitive eco-system starts emerging within the financial sector
Bye bye banks | Disruption in Banking | A talk at Rufus Reinvents MoneyJames Haycock
Banking is undergoing the fastest change it's ever seen.
Might the banks, like the telcos before them, become dumb pipes as they're dis-intermediated from their customers by the arrival of new, leaner, digitally native companies?
Often the retort of telcos to the dumb pipes remark is that they'll become smart pipes but what if the pipes are under attack too?
The last few years has seen the arrival of a slew of VC backed startups competing for core business with the banks.
Beyond this, might the core infrastructure of the banking sector be at risk with the arrival of technologies like cryptocurrencies and the blockchain?
Fintech: The User Experience opportunityRaphael Ouzan
For years, banks have been banking on consumer friction and the lack of understanding from consumers to make money. But we are not ready to accept that anymore. Standards are changing and consumers learned to demand much more from services they use everyday. As consumers turn to tech companies to handle their finances, we're seeing a massive opportunity to reinvent the user experience of how we interact with our money.
Using BillGuard as a use case, this presentation goes through examples of carefully crafted mobile experiences to think about when reinventing consumer elements of finance.
In an age of consumer choice, anything that hints of hurting the account holder is a big mistake. If consumers think that you’re out to get them, you’ll lose their loyalty (and the revenue they bring). As proof, we surveyed 504 random US consumers about their banking experiences and found several data points that support the idea that advocacy is critically important. We put those stats — as well as quotes from industry analysts — in this presentation.
As we kick off 2016, what will Financial Institutions and the FinTech disruptors focus on from a payments perspective? What and who will be the winners and losers when it comes to mobile payments, mobile wallets, digital payment solutions, cryptocurrencies and blockchain? CG’s Emerging Payments Leads Jim McLeod and Sam Maule share their thoughts on these topics with David Brear, the Chief Thinker at London’s Think Different Group. Watch the full video: https://www.youtube.com/watch?v=GUnf0OtE6bI
In September 2014, CG surveyed 1,005 U.S. consumers online and conducted qualitative phone interviews with ten financial services executives at the top 20 U.S. financial institutions, to understand how mobile banking and the shift of mobile device size (tablets getting smaller, smartphones getting larger) will influence how Americans do their banking in the 21st century. This presentation details the findings of this research.
To receive a copy of the white paper, due out in March 2015 please email insight@cgcginc.com. For more information about CG’s Digital Practice please visit https://www.carlisleandgallagher.com/insights/research-insights or follow #CGDigital on Twitter.
Uber has become a byword for the disruption of an entire industry with every new startup calling itself the ‘Uber of ______’.
What can we in banking and financial services learn from Uber and its fellow disrupters? How as established can we learn and innovate, to deliver better experiences to our customers? And how can we embrace disruption to beat out the wave of new fintech companies?
This webinar will look at:
Breakdown the types and elements of Uber-like disruption that apply to banking and financial services.
Examples of disruption and innovation.
The imperative to deliver innovative digital experiences.
What is required to deliver digital experiences that customers want to use.
Guest speaker on this topic is Simon Mathews, Chief Strategy Officer, Extractable. Regularly sought after to speak on innovation and experience topics, Simon leads the strategy and digital experience design teams at Extractable, a leading digital experience design firm based in San Francisco.
He is responsible for driving better outcomes for his clients’ customers, through the application of cutting-edge digital design techniques and innovative strategies. Simon’s team spans digital strategists, user-experience designers, content strategists and visual designers working in an agile methodology.
He has over 20 years of consultancy experience spanning communications, advertising, and digital agencies in Europe, Asia and the US. He has worked with both major corporations and startups around the world including AIA, ACE Group, AIG, ALICO, Autodesk, BOK Financial, BMO, Dell, Emirates Airlines, IBM, Juniper, Leapfrog, LVMH., Merrill Corporation, Micron, McAfee, Motif Investing, The Newport Group, Nokia, Reebok, St. Luke’s, Seagate, Southwest Airlines, Stanford healthcare, TD Bank, Ubisoft, ZoneLabs, and WL Gore.
Simon has visited 56 countries and is an avid kiteboarder, always seeking the next windy destination.
Georgine Muntz's presentation at CBA LIVE touched on the technologies that can help auto lenders reach an ideal level of efficiency, including eSignatures, automated communication, and loan origination systems. She also discussed the importance of collaboration, examined the uses of detailed data analysis, and explained how hiring both experienced veterans and younger innovators helps to build the most agile and capable teams possible.
How fintechs can profit from the female economy finalChesca Garcia
From the Financial Alliance from Women:
This report is based on research with 168 fintechs and 30 investors and other
ecosystem actors from 43 countries. We would like to thank the research respondents
for their time in openly sharing and contributing to the survey.
The Financial Alliance would like to acknowledge Syed Musheer Ahmed and Yosha
Gupta from Finstep Asia, who conducted the research and provided sectoral insights
and the Alliance team who worked on this study: Inez Murray, Karyl Akilian, Rebecca
Ruf, Carine Fersan and Tessa Ruben. We also acknowledge Luba Vangelova, Olivia
LaBarre, and Ernie Agtarap for their role in the production of this report.
Brett King Presents The Future of Banking in an exclusive Backbase webinar.
The future of banking will not be about a place you go, about branch networks, rates or product features. The future of banking is in the utility and connectedness with customers.
In this exclusive Backbase BANK 2.0 webinar, the bestselling author of BANK 2.0, discusses how the very nature of banking is changing, how customer's expectations, customer behavior and context will force banks to reboot the way they work their customers.
Highlights of this webinar include:
The Changing Behavior of Customers
The Generational Cliff – when your customers are all gone
The Loss of Physicality – No Paper, No Plastic
The New Utility – Connected, Contextual, Fun, and Fair
The New Banking Ecosystem – BANK 1.0 versus BANK 2.0
"Smart Banking- Real Time Driven at Number26", Christian Rebernik, CTO at Num...Dataconomy Media
"Smart banking: Real Time Driven Processing at Number26", Christian Rebernik, CTO at Number 26 GmbH
YouTube Link: https://www.youtube.com/watch?v=Hg-Uu0nzd0U
Watch more from Data Natives 2015 here: http://bit.ly/1OVkK2J
Visit the conference website to learn more: www.datanatives.io
Follow Data Natives:
https://www.facebook.com/DataNatives
https://twitter.com/DataNativesConf
Stay Connected to Data Natives by Email: Subscribe to our newsletter to get the news first about Data Natives 2016: http://bit.ly/1WMJAqS
About the Author:
Christian was born in Vienna, Austria and studied economics and informatics in Vienna. Before he joined NUMBER26 in the position of CTO, he founded his own company and worked as a CTO for Zanox, Parship and Immobilien.net. On top of this Christian acts as a Mentor and Coach to several startups during their founding phase and he consulted the United Nations World Food Programme in the creation of the Share the Meal app.
The next 10 years in FinTech by Philippe Gelis from KantoxTheFamily
We're thrilled to welcome a very special guest:
Philippe Gelis, cofounder & CEO at Kantox!
We hear a lot of talk about the future of Fintech, and who better to give his take on the subject than the cofounder & CEO of one of its top performers?
You've probably heard about Kantox, the P2P currency exchange platform with 1600 clients in over 20 geographic locations. This startup focuses on SMEs and mid-cap companies, providing them with a solution that has historically only been available to the largest of organizations.
Kantox announced last September that they had reached over $2 billion in total transactions on the platform. With their $11 M Series B round raised last May, we can say things are looking pretty good for Kantox ;)
Philippe cofounded Kantox, one of the first Fintech startups, back in 2011. He began his career working for Renault Suisse as a financial controller. He then gained invaluable experience in the banking industry as a consultant. Before founding Kantox, he was strategy & management consultant at Deloitte. He is specialized in corporate finance and business strategy.
In this 45 min. talks on the future of Fintech, Philippe gives his analysis of the current state of the industry and the major trends to follow during the next 10 years.
LOVE,
TheFamily Team
The Future of Bank Branches Coordinating Physical with DigitalCapgemini
Digital Technologies will Accelerate Branch Transformation, Not Make Them Extinct
Retail banking is evolving at an accelerated pace. Globally, banks are facing disruptions from multiple directions. Business and economic realities have reduced the total number of US bank branches by 3,000 between 2009 and 2012 - a decrease of 3% over the 3-year period. In Spain alone, banks have closed 5,000 branches or 12% of their overall capacity since the financial crisis began in 2008, lowering the total branch count to approximately 40,000 in 2012.
That is not all. Digital technologies have also brought a significant shift in consumer banking behavior. The percentage of US banking customers who prefer to bank online jumped to 62% in 2011, up from 36% the previous year. Today, four of the top five transactional banking activities in North America – bill pay, viewing balances/transactions, viewing statements and money transfer – are happening online.
This brings us to the key question of this paper: do brick-and-mortar branches have a role to play in the future of retail banking?
Carlisle & Gallagher Consulting Group predicts mobile payments will surge to 20% of U.S. payment transactions by 2020. Consumer apathy, sluggish merchant acceptance and lingering security concerns continue to slow near-term mobile wallet adoption.
Philippe Gelis, CEO & Co-Founder of Kantox, talking about the next 10 years in Fintech; A new co-petitive eco-system starts emerging within the financial sector
Bye bye banks | Disruption in Banking | A talk at Rufus Reinvents MoneyJames Haycock
Banking is undergoing the fastest change it's ever seen.
Might the banks, like the telcos before them, become dumb pipes as they're dis-intermediated from their customers by the arrival of new, leaner, digitally native companies?
Often the retort of telcos to the dumb pipes remark is that they'll become smart pipes but what if the pipes are under attack too?
The last few years has seen the arrival of a slew of VC backed startups competing for core business with the banks.
Beyond this, might the core infrastructure of the banking sector be at risk with the arrival of technologies like cryptocurrencies and the blockchain?
Fintech: The User Experience opportunityRaphael Ouzan
For years, banks have been banking on consumer friction and the lack of understanding from consumers to make money. But we are not ready to accept that anymore. Standards are changing and consumers learned to demand much more from services they use everyday. As consumers turn to tech companies to handle their finances, we're seeing a massive opportunity to reinvent the user experience of how we interact with our money.
Using BillGuard as a use case, this presentation goes through examples of carefully crafted mobile experiences to think about when reinventing consumer elements of finance.
In an age of consumer choice, anything that hints of hurting the account holder is a big mistake. If consumers think that you’re out to get them, you’ll lose their loyalty (and the revenue they bring). As proof, we surveyed 504 random US consumers about their banking experiences and found several data points that support the idea that advocacy is critically important. We put those stats — as well as quotes from industry analysts — in this presentation.
A primer on the Fintech market in India, with infographics on the market landscape, size and evolution paths. Includes estimates on penetration levels of digital banking and category specific growth expectations.
2nd Place Finalist Consulting Case Competition for ANZ x TBWA x UniMelb Kate Gilchrist
Presentation by Finalists of SAMM's (Student Association of Management and Marketing) Consulting Case Competition with ANZ Banking Corporation and TBWA. Our proposal includes 4 key disruption inspired ideas for ANZ's strategic direction.
Semester 2 (August) 2017 at The University of Melbourne.
Insights Success has come up with a distinctive issue “The 10 Most Influential Voices in Banking” which recognizes the incalculable contribution of banking enthusiasts who has revolutionized banking processes with their inventive excellence.
A New Vision For Payments In Financial ServicesPenn Mutual
Financial service companies are under growing pressure from a seismic shift in consumer adoption and usage of smartphones/tables and social media driven by technology. This has opened the door for new and innovative competitors to challenge banks and financial services companies for market share in traditional banking services. Globally, millennials and consumers in general are rapidly adopting mobile payments as a primary method to move money. The lessons are the same regardless of industry - adapt, innovate, and engage or risk losing relevancy and market share. Learn how these trends are unfolding and how companies can respond to them.
46% of people ONLY use digital banking channels. Check out our webinar presentation to learn how traditional banks are leveraging mobile-first marketing strategies to improve user acquisition and retention.
A STUDY ON CONSUMER PERCEPTIONS TOWARDS DIGITAL FINANCE AND ITS IMPACT ON FIN...IAEME Publication
With today’s world progressing at a lightning pace, finance cannot afford to lag behind. Finance must become inclusive, dynamic and buoyant. In other words, finance must becomedigital. The genesis and rise of digital financial services is a remarkable global phenomenon. There is little doubt that the financial services industry, today, is one of the most digitized industries. This paper throws light on the adoption and perceptions of the urban Indian consumers, in the context of digitized financial services. The study focuses on the extent of acceptability, usage, beliefs, deterrents and incentive patterns among the Indians. Itsuggeststhat although the popularity of financial services provided digitally is growing in absolute terms in India, but the rate of growth is painfully slow, considering the huge potential that the country possesses.
Veber FinTech Vs Banking consumer reportMarie Johnson
The Veber FinTech Consumer Survey was based on discovering user perceptions of Banking, a once stable and traditional industry landscape, in comparison to what we’re now seeing which is the ever changing innovative FinTech market. The survey focusses on the trends of FinTech and whether the face of traditional banking will change by 2020.
The white paper also includes video extracts from leading FinTech experts and an exclusive interview with
George Huntley, COO The Money Platform. George gives an in depth account of his FinTech startup journey and his views on the Banking industry and the rise of FinTech.
The Work Ahead in Banking & Financial Services: The Digital Road to Financial...Cognizant
Banking and financial services organizations are moving beyond the basics of digital banking and one-size-fits-all services, according to our recent study. Using AI, automation and analytics, they aim to speed processes, blend human-centric and tech-driven customer engagement and deliver personalized financial wellness.
Few years before we are using the cash for payments. When a digitalization occurs the way of payments gets changed. It helps our country to move next level of development. It creates more awareness to people about the payment innovation. Umamaheswari K | Santhiya R | Ragavi J"Payments Innovation" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-3 , April 2018, URL: http://www.ijtsrd.com/papers/ijtsrd11150.pdf http://www.ijtsrd.com/management/innovation-and-product-dev/11150/payments-innovation/umamaheswari-k
Preparing to Enter the New Decade with the Latest Digital Banking Trends and ...Nouamane Cherkaoui
Talk by Nouamane Cherkaoui at Berlin Virtual Digital Summit - 15 october 2020
FinTech, InsurTech, digitalization and innovative technologies are disrupting Banks & Insurance compagnies. Digital technologies which were initially limited to banking channels, now cover the entire banking & Insurance spectrum.
The finance industry has undergone many phases of digital transformation in the last few years. Nowadays, it’s facing crucial decisions on technology shifts adoption with emerging trends in digital transformation technologies defining the future of banking, Insurance & Asset Management.
Challenges for the Future of Retail BankingDesignit
Digital transformation in retail banking is a thriving and complex phenomenon. We at Designit try to make sense of it by identifying leading trends in three deeply interdependent categories: new enabling technologies, new customer expectations, and new strategic trends. The future holds uncertainty and promise, but some immediate actions are patently necessary for banks that want to stay relevant in an increasingly dynamic scenario.
Similar to The future of banking - NextBank Sydney 2013 (20)
Perpetual leadershift - Digital strategy and change management go hand in handJenny Williams
The digital revolution is one of the most disruptive forces now at work in the business world. Transformation in response to this force requires most companies to rethink what digital really means. It is no longer sufficient to think in terms of web sites and other digital assets. Similarly, evolution is now so much more than focusing on managing discrete changes that a particular technical innovation may require, the speed of change requires a far more fluid and dynamic mode of management. This session will look at some of the heroes of the digital age and the key factors that enhance or hamper an organisations ability to rise to the challenge of a constantly evolving business environment.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
The future of banking - NextBank Sydney 2013
1. The Future of Banking
Keeping pace with Digital evolution in Financial Services
Next Bank Sydney
2013
2. The Future of Banking
We are in an exciting phase of change
The Renaissance: !
15th Century
Da Vinci
Michelangelo
The Medicis
The Industrial
Revolution: !
19th Century
The steam engine
The Digital Age: !
1990 to ?
Google
Facebook
Cloud computing
Quantum computers
3. Recent history is littered with “game changing” technology The Future of Banking
1973
personal
computer
1876
1927
phone
1987
1982
tv
camcorder
1963
1895
radio
mobile
phone
2007
iphone
1984
vcr
laptop
1979
walkman
2010
ipad
1983
cd
5. Technology is changing the world we live in
The Future of Banking
22.32 million people
16.2 million Australians online
72.5% : Internet penetration
E-commerce market size : $37.1 billion
Nielsen online landscape review january 2013.pdf
7. Mobile continues to evolve
• There are 6.8 BILLION people on the planet 4 BILLION of them use a
mobile phone.
• 91% OF ADULTS have their mobile phone within arm’s reach 24/7
• There are 5 X as many mobile phones in the world as there are PCs
• Australia has been identified in the top 6 nations that have not only
adopted smartphones, but actively use them for consumer
purchases
The Future of Banking
8. Marketing in the digital world is more complex
retail
TV
radio
PR
outdoor
DM
The creative idea
strategy
digital
insight
mobile
The Future of Banking
9. The Future of Banking
The perfect storm
NBN
BIG DATA
BROADBAND
APPS
MOBILE DEVICES
SOCIAL MEDIA
WEARABLE TECHNOLOGY
10. The Future of Banking
There are many digital channels to consider
viral
search
display
email
social
digital strategy
mobile
ads
buy now
request
info
downloads
contact us
product info
11. The Future of Banking
And they continue to grow
games
community
viral
search
word of
mouth
tagging
email
display
RSS
podcasts
digital strategy
mobile
ads
social
blogs
forums
request
info
buy now
online
trial
widgets
downloads
videos UGC
product info
click to call
contact us
12. The Future of Banking
Implications for
financial services
The problem isn’t predicting whats going to happen or what you NEED to do
.... its figuring out what you CAN do
13. The Future of Banking
Short fuse, big bang
IMPACT
SHORT FUSE, BIG BANG
LONG FUSE, BIG BANG
ICT & media
Finance
Transport
Professional
Services
Arts and
Recreation
Health
Recruitment
Agriculture
Real estate
Government
Utilities
TIME
Accommodation
& food service
Constructing
Wholesale
Manufacturing
Mining
SHORT FUSE, SMALL BANG
LONG FUSE, SMALL BANG
Source: Deloitte consulting
15. Social media drives customer choice
The Future of Banking
•83% of consumers say it would be important to read user-generated content before making a decision about
banking or other financial services.
•26% of consumers would never choose a bank without reading at least one piece of user-generated content
•Financial Services saw the highest portion of reviews that mention "customer service" at 17%.
•77% of long-term customers say they would recommend their financial firms to others
•32% of total product reviews come from financial customers.
Source: Kelton Research/Bazaarvoice, September, 2011
16. Increasingly, people are buying online
The Future of Banking
Product Purchasing by Channels 2010 v 2015
Current Accounts
84%
Savings Accounts
77%
Investments
78%
Mortgage
80%
0
Branches
Call Centres
0.375
59%
58%
4%
28%
72%
11%
10%
32%
12%
0.75
43%
38%
16%
73%
Consumer Finance Production
53%
9%
1.125
1.5 0
47%
0.375
0.75
1.125
1.5
Agents / Brokers
Direct Channels
Source: EFMA Online Survey Across 150+ Euro Banks
17. People are interacting across many digital touch points The Future of Banking
SMS
email
GPS
devices
3G content
kiosk
Digital TV
search
Display
Gaming
devices
Podcasting
Desktop
applications
Websites
PDA’s
Digital signage
18. The Future of Banking
Traditional channels have digital amplification opportunities
QR code
bluetooth download
search
enter
vote
send to a friend
hear
photograph & share
send to a friend
word of mouth
print
buy
augmented reality
QR code
buy
augmented reality
QR code
voice
notify
tweet
In store/demos
promotions
website
coupons
notify
competitions
radio
tv
apps
augmented
photos
ideas
bookmark
download
outdoor
pos
social
share
like
download
coupon
loyalty
post
19. People have high expectations digitally
•People expect 24/7 access to their money
•They expect to be able to manage it through all their devices
The Future of Banking
21. A seamless omni-channel experience is the norm
The Future of Banking
People expect financial services will provide Channel choice, consistency, and continuity
Source: Forrester - Next-Generation Digital Financial Services
22. The Future of Banking
Right device, right service
46%
consumers that start banking
activity on one device continue
later on another
98%
will move between devices
within the same day
26. Big Data represents big opportunities
Source: US Bureau Analytics McKinsey Global Institute analysis
The Future of Banking
27. The Future of Banking
New Banking Relationship
“We are moving away from a banking relationship
defined by the goal of being a customer's primary
financial institution to one where we focus on
becoming their primary financial application. It's no
longer about wallet share. It's about app-driven
mindshare”
Bradley Leimer, The Era of Engagement Banking
(2013)
39. Value equals efficient business models
Jibun Bank
Mobile Only
1.5 Members
150 employees
The Future of Banking
40. The Future of Banking
We are now face-to-face with an engaged customer
who expects
a completely frictionless, personalised always on
experience......
delivered on the device of their choice.
41. The Future of Banking
Size
The real
challenges
Organisational structure
Core technology
Incentives
Culture & Communications
Ownership
What your customers will tolerate
43. Operational and political silos
The Future of Banking
CEO
BOARD
12 month
Marketing strategy
CMO
5 year
technology roadmap
CXO
CFO
CSO
CIO
44. “
The Future of Banking
This is all too much, we just
need to keep this simple
That’s all very well but we
are not there yet
We have a 5 year plan that
addresses that
“
Avoidance strategies
45. The executive continuum
The Future of Banking
THE EXECUTIVE CONTINUUM
LAND GRAB
This is my chance to be
the next CEO!
DENY & BLOCK
With luck, this won’t
happen in my time
47. Layers of resistance to overcome
The Future of Banking
CEO
“We are not a digital business we have been
doing XYZ for a long time very successfully”
EXECUTIVES
“My KPI’s relate to profit, I do not want to
put that at risk”
MIDDLE MANAGEMENT
“I am way too busy doing what I need to I have
no time to try new things that are untested”
COAL FACE
“This is the way we do things around here and
it has always worked well”
53. The typical path(s) to business evolution
The Future of Banking
Leverage
VALUE IN DELIVERY
THE HOW
Integrate
VALUE IN PROPOSITION
Create
Enhance
Extend
THE WHAT
Refine
Source: IBM Institute for Business Value analysis
54. The ideal path to transformation
The Future of Banking
Integrate
Envisage a
transformed
customer value
proposition and
operating model and
build a new set of
capabilities around
that
Leverage
VALUE IN DELIVERY
THE HOW
END STATE
E
U
I
H
K
N
ET
R
E
H
AL
T
O
AL
V
T
T
VALUE IN PPROPOSITION
VALUE IN PROPOSITION
Create
Enhance
Extend
THE WHAT
Refine
Source: IBM Institute for Business Value analysis
55. Link digital to all other strategies
The Future of Banking
Corporate Strategy
Distribution Strategy
ATM
Technology
Strategy
PHONE
CALL CENTRE
ONLINE
BRANCH
Digital Strategy
Sales
Strategy
Brand
Roadmap
Product
Plan
Payments
Strategy
People
Strategy
MOBILE
Strategic
Themes
Vendor Relationships
!
Digital Branch
!
Architecture, Data, "
!
Simplicity
!
Seamlessness
!
Financial Coaching
!
Family Focus
!
Multi-cultural "
software etc
!
Mobile
People +"
Culture
!
Risk
Treasury
Leverage Data
Product
!
Marketing
Technology Roadmap
Retail +
Advice
!
Opportunity
56. Ensure digital benefits internal & external audiences
e-Commerce enablement"
transactional + administrative
Online product acquisition
The Future of Banking
Drive awareness/media spend/"
social sharing opportunities
Digital
Strategy
Build and enhance"
community program
Enable employee
education and training
Demonstrate"
Innovation
Connect employees with
members digitally
57. Define ownership and responsibility
Shareholder visibility
Digital Governance Board
Specific digital KPI’s
Inspiration, Training and
mentorship
The Future of Banking
CEO
EXECUTIVES
MIDDLE MANAGEMENT
COAL FACE
59. The Future of Banking
BAU
=
Developing a business model
that can embrace disruptive
change
60. Engage all levels & silos of the organisation
The Future of Banking
board of directors
(investors and advisors)
audit committee
DIGITALS ROLE IN THE BUSINESS
CEO
CFO
PROFITABILITY, REVENUE
STREAMS AND COST REDUCTION
CIO
divisions
divisions president
Sales
Mfg
R&D
Res
ea
rch
3D p
r
dep inting
CRM
loym
ent
auto system
syst
s, sa
ems
mat
ion,
les
CRM
"
Divis
io
CIO n
divisions CFO
Marketing
Int.
Cos
t
redu
ction
Finance
Prod
u
grou ct dev
"
ps a
nd r
esea
s
rch
Warehouse
HR
IT
Purchasing
Hum
Intra
War
nets
Res an
eho
ourc
,
All
onlin
ianc
man use
es
e
age
train
data es,
men
trac
ing
t an
king
ROI
proc
d
calc
syst
urem
ulati
ems
and
ent
ons
cost
redu
ction
s
61. A SMALL TEST IN
THE REAL WORLD
TO PROVE AND
EVOLVE THE
CONCEPT
PILOT
LAB
DEVELOP AND TEST
IN A SIMULATED
ENVIRONMENT
The Future of Banking
"GLOBAL"
IMPLEMENTATION
ROLLOUT
A Culture of fast, inexpensive experimentation
62. Embrace a culture of change
The Future of Banking
Be
the change you want to see in
your organisation
Take
Business actions to shift
the culture
Align
culture with business
strategy
Align culture with business
strategy