Bank Automation Summit Europe 2024 Announces Strategic Partnership with DIGITALEUROPE #europeanbanking https://hubs.la/Q02FK6w60
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Credit Certified | CFA Investment Foundations Certificate Holder | Retail Banking | Personal Products | Wealth Products
How challenger banks are disrupting the financial industry? Technology has played a significant role in breaking down barriers to market entry, resulting in the emergence of new banks that offer online banking services without the need for an extensive network of branches. These banks, often referred to as “challenger banks,” are specifically designed to compete with large, established banks. Unlike their traditional counterparts, challenger banks are more efficient because they focus on offering a smaller range of products. This targeted approach allows them to operate with greater agility and responsiveness. Additionally, these banks are not weighed down by the legacy issues, crises, and problems that have plagued traditional banks in the past. By leveraging technology and adopting innovative approaches, challenger banks are reshaping the financial landscape, offering customers more streamlined and efficient services. How do you think traditional banks should respond to this disruption?
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To keep tech edge, the banking industry needs to adopt #embeddedfinance and other #fintech solutions. According to McKinsey & Company’s Global Banking Annual Review, banks are facing new challenges and need to exploit new technology to boost productivity. The banking and financial services landscape is set for an overhaul in terms of how business is sourced and products are marketed. Banks and FIs need to adapt to this digital world and provide better and simpler customer interactions.
The changing landscape for banks
mckinsey.com
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Tax Manager at Deloitte Tax LLP | Real Estate Investor | GIYRA Baseball and Softball Board Treasurer | Follower of Jesus | Wife | Mom
Considering public enforcement actions, increasing oversight of nonbank and technology service providers, and recent banking turmoil, Banking as a Service (BaaS) banks and partners are operating in an intensifying landscape. These trends introduce heightened expectations for operations across the BaaS ecosystem. How can BaaS banks and partners ensure they are operating according to supervisory expectations? We’ll discuss: -Headlines and focus areas from consent orders plus regulatory developments affecting BaaS banks and partners -Demystifying BaaS operating models and discussing lessons learned for models gaining traction -Actions for BaaS banks and nonbanks to consider
Achieving Banking as a Service compliance: Practical considerations: Dbriefs webcast
www2.deloitte.com
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🔎What are the forces shaping the Banking Industry? 💡 Click on the link below and find out which four of these major forces that will shape the next decade of the banking industry, are the most important: https://bit.ly/3SJ7S9G #bankingindustry #technology #bankingtechnology
Banking 2030, Part 2: The Seismic Forces Shaping the Industry
thefinancialbrand.com
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Check out my colleague, Karin Kirkwood, in this Bank Automation News article by Whitney McDonald discussing tech innovation and Canadian banks. The financial services industry has experienced increased digitization and technological transformation over the past decade, and the banking sector is no exception. Karin explains what the primary focuses are for banks amid the ongoing digital revolution and how they can work to create higher value for their clients in the current environment. Read Karin’s insights here: https://lnkd.in/ewpXt-cp
Canadian banks focus on tech, efficiency, innovation
https://bankautomationnews.com
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A variety of digital-only banks have emerged over the last decade. These new entities, also referred to as neo banks or challenger banks, offer modern banking propositions tailored to the smartphone and digital world. They were founded in the aftermath of the 2008 global financial crisis with the vision of making banking services more accessible and equitable. These digital banks are setting the benchmark for the future banking market. BPC Banking Technologies' report Digital banking in Asia Pacific, in conjunction with Fincog investigates the digital banking market of Asia Pacific and gives you - Geographic and demographic statistics of a diverse region - Insights into the propositions of successful players - How do these players differentiate themselves The report gives you a complete overview of the Asia-Pacific neo banking market, while discussing some ground-breaking neobanks in the region such as Tonik, Grab, TMRW, and an excellent understanding of the current competitive landscape. Download the report here: https://lnkd.in/dzp3KkV
Report Digital Banking in Asia-Pacific | BPC
bpcbt.com
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It is genuinely true that the USPs of a banking product staying beyond the features itself is not only happening in developed markets but also in Vietnam. Join me to explore McKinsey's PoV on tech and AI applied for Digital Banking!
For banks to demonstrate value from tech and AI, they will need to reach beyond the CIO’s office
mckinsey.com
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Getting your CU staff onboard with digital transformation is just as important as getting members on board. VisiFI's digital solutions are designed to streamline banking for both the member and the Credit Union.
Banks May Be Ready for Digital Innovation: Many on the Staff Aren't
thefinancialbrand.com
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Core modernization is considered by many to be the most fundamental way to futureproof your bank, but how modern should you make your core at once? Here to examine this question is V. Balasubramanian, with a new article that dives into how to approach change and get on the right track—or maybe two-- for your core in 2024. Read Zafin’s newest blog post here: https://lnkd.in/gcy_n5R2 #CoreModernization #BankingEvolution #DigitalTransformation #Innovation
Are new cores a necessity? - Zafin
zafin.com
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