Digital Bank Transformation

This is a blog group for all topics related to Digital Bank Transformation, from incumbents to start-ups, to Wholesale and Investment banking. Technology is advancing like never before...this is a group for ensuring best practice is celebrated and shared.

Nikolai Hack COO at Nucoro

Why tech partnerships are key to banks’ survival (Part 2)

In the first of our two-parter, we looked at why tech partnerships are key to the survival of the established banks. We explored the ‘say-need-gap’ and how there is a disconnect between what customers say they want from digital banking services and what they need so that they will effectively engage with them. Crucially, how banks can leverage the...

21 April 2022 /retail

Gregg Early Director of Market Engagement at Moven

Keep People at the Center of Your Data

A number of years ago, I wrote a blog regarding an interesting factoid I stumbled upon. It has to do with economist Charles Goodhart and his idea known as Goodhart’s Law: When a measure becomes a target, it ceases to be a good measure. Over the years, as the fintech space and quite frankly the tech space in general has expanded, I keep coming back ...

19 April 2022 /retail /inclusion

John Bertrand MD at Tec 8 Limited

Burglaries and Cheques are Disappearing

Burglaries and cheques have since 2019 declined 36% and 47% respectively. Since 2019, Faster Payments and APP Fraud have increased by 34% and 73% respectively. These trends show that APP Fraud scams will exceed burglaries before 2024. In 2020, APP Fraud created over 200,000 cases. However this figure does not include 40% of APP scams not reported...

07 February 2022 /payments /crime

Retired Member 

Tech infrastructure design doesn’t need to be difficult

It’s become a cliche, but the pandemic has accelerated a decade’s worth of change into just a few short years. But it’s already time for entrepreneurs, business leads and tech teams to look ahead to the next decade of challenges in financial services. The big challenge ahead for traditional financial institutions however, is that their infrastruc...

21 December 2021 /payments /retail

Peter Shubenok Founder at RNDpoint

How Digital Transformation Can Help You Work With ‘Gray-Zone’ Clients

Lending to 100%-verified, reliable clients is straightforward — the risk is clear and, so too, are the terms. However, not every customer who approaches your business will fit neatly into this box. Some may fall into the “gray area” between reliable and risky. Does this mean you should discount this group and concentrate only on certainties? No. I...

20 December 2021 /inclusion /predictions

Abhinav Paliwal CEO at PayNet Systems

Why single codebase is the future of platform development

Thanks to emerging technologies, banking sector has undergone colossal transformation in recent years. The future of banking has moved towards cross-platform mobile frameworks (Flutter, React Native, Ionic, etc.) as well as dynamic back-end that might involve a string of databases, all storing various components of the data. Banking involves conti...

21 November 2021 /payments /retail

Diederick Van Thiel Visionary Board Member | CEO | NED at AdviceRobo | Ecology Innovations | IKANO | Channel

Game Changers for SME Banking

What makes SME lending so hot these days? There is a lot of rumour around the prospective growth of the global SME lending market. It represents 90% of businesses and 50% of employment worldwide. World Bank calculations furthermore indicate that 600 million jobs will be needed towards 2030 to absorb the growing global workforce, which makes SME de...

12 November 2021 /retail /inclusion

Abhinav Paliwal CEO at PayNet Systems

Low code / No Code solutions are future of Fintech

Banking today is ages different than what it was just a decade ago. And it won’t be an exaggeration to attribute a major chunk of this transformation to technology. Even today, banks need to tweak the underlying code beneath their applications in line with diktat of the market or newer technologies. A key factor leading to easy innovation is the

10 November 2021 /retail /startups

Diederick Van Thiel Visionary Board Member | CEO | NED at AdviceRobo | Ecology Innovations | IKANO | Channel

Game Changers for Next Gen Banking

If personal is the name of the next gen banking game.. Financial marketers must reach out now or their window of opportunity will slam shut forever. All strategic players have come to the realization that next gen banking customers are their primary profit pool as of 2025. PWC research foresees a 42% increase of cashless payments towards 2025. The...

29 October 2021 /retail /sustainable

Tatsiana Kuchminskaya Chief Financial Officer (CFO) at Andersen

Development Strategies for Digital Banks

Approaches used by banks on the path of digitalization When reading popular websites about digital trends in banking, one can notice that two out of three articles talk about Big Data, Artificial Intelligence, and even quantum computing. At the same time, the majority of the banking market players are still determining an optimal business strate...

18 October 2021 /retail /wholesale