Views
Banking board members have no real understanding of the digital world
It is shocking to read that Board Members within the banking community are lacking knowledge and skill when it comes to technology. Read more…
banking
Views
Neobanks are threatening established banks – but competition heats up
Neobanks, a term that is still reasonably new, is an interesting term for an interesting battleground. Banking is being violently disrupted. Read more…
Views
Bitcoin (and others) are still disrupting the banking world – and growing up
Bitcoin, whose history has been as fascinating as it has been disruptive has always been something that banks looked upon as an unruly child. Read more…
Features
VR allows remote working bankers, traders to keep on top of their game
VR has been seized on by the financial sector as a way of enlivening home working for lonely traders or isolated executives. Read more…
Views
Why legacy banks cannot compete with the agility of start ups
Legacy banks seem doomed. We regularly publish articles that compare the agility of legacy banks to the new, app based competitors. Read more…
Features
Philippine customers would rather open bank account via smartphone
FICO has found Philippine consumers are more comfortable opening bank accounts on their smartphones than in the US and the UK. Read more…
News
Snapshot of online-only banks status in Asia
Financial regulators across Asia are creating new rules for online-only banks as they seek to shake up often staid markets – snapshot here. Read more…
News
Revolut wants to raise $500 million to expand into Japan, US
British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree Read more…
Off the Wire
SWIFT publishes new standard for pre-authorisation of funds
SWIFT has published a new API standard for the Pre-authorisation of funds, allowing further innovation in financial services enabled by Open Banking. Read more…
News
Asia’s non-banking firms keen to challenge Singapore banks
Asia’s non-banking firms keen to challenge traditional banks in Singapore by leveraging their technology and user databases to offer banking services. Read more…
Features
Hong Kong banks gear up to be cool, cheap and fight off challengers
Hong Kong’s biggest banks are set to cut fees, boost digital services and jazz up branches with features such as touch-screen display panels. Read more…
News
Asian banks facing threats from transformation and technology
Asia-Pacific banks must radically reform and slash costs as rapidly increasing competition from technology firms moving into banking transforms the sector Read more…
Views
Building ethical AI into banking innovations
For the banking sector to engender trust in AI technology it is vital that innovation using AI is both ethical and explainable. Read more…
News
Singapore studying if fintechs should operate digital-only banks
Singapore’s central bank said it is studying whether to allow financial technology firms (fintechs) to operate digital-only banks in the city-state. Read more…
Views
Defining financial inclusion and its true value to society
At least 1.5 billion adults worldwide do not have access to financial services and, as a result, are not benefiting from financial inclusion. Read more…
Views
Forget AI, banks need to get rid of legacy systems to stand a chance
Banks will not stand a chance against FinTech start-ups crowding into the profitable bits of the market unless they fix their basic problems. Read more…
Views
Are traditional banks approaching their ‘Kodak moment’?
People are more confident using new digital banks and their services and, as my traditional banker friend said, we are approaching “the Kodak moment”. Read more…
Views
Mapping disruption across industries will look like a lava lamp
Disruption will not be consistent, nor global. It will be patchy, opportunistic and will depend to a huge extent on culture. It will look like a lava lamp. Read more…
Off the Wire
Digital upstarts disrupt traditional bank revenues: report
New entrants to the banking market – including challenger banks, non-bank payments institutions and big tech companies – are amassing up to one-third of new revenue, which is challenging the competitiveness of traditional banks, according Read more…
News
Digital tech not responsible for anaemic inflation: ECB
FRANKFURT (Reuters) – Rapid technological advances cut inflation only marginally and temporarily, Bundesbank President Jens Weidmann said on Monday, weighing in on one of the biggest debates in modern central banking. With much of the Read more…