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As we highlighted in the Evolution of Banking, the technology landscape has evolved over time. Each change has brought new capabilities that were not possible with previous versions. At the same time,...
Just a year ago there was hype about the Metaverse. Major banks such as Standard Chartered, HSBC, DBS have spent millions acquiring land for virtual brunches in the Metaverse. And JP Morgan even becam...
In his renowned book "The SPEED of Trust: The One Thing That Changes Everything," Stephen Covey emphasizes that the outcomes of one's efforts are determined by trust. To illustrate this con...
The previous blogs in this series taught us how banking distribution and core banking technology have evolved over the decades. Banks are criticised for lacking innovation and not being progressive wi...
In a blogpost from May 2023, I explored how AI is reshaping the dynamic world of finance. Like many others I also concluded that the integration of artificial intelligence (AI) already has had a prof...
Uldis Tēraudkalns, CEO of Nexpay We’ve come a long way since Electronic Money Institutions (EMIs) first appeared in the 2000s. 20 years ago, there was concern about where this e-money trend was taking...
In 2023, the UK’s business sector weathered storms such as geopolitical tensions, the cost-of-living crisis, and an economic downturn. This turbulence looks set to continue well into 2024, forcing org...
"Programmable Money" is founded on the principle that its issuer can prescribe its usage, transferees, daily spending limits, and even a termination date. One can put any number of condition...
Before the introduction of technology, banking had always been a face-to-face business. Yet even personal interactions have evolved from happening anywhere to meetings in coffee/tea shops and then hav...
The need for data analytics talent Staying abreast of current data and analytics technology and practices can help community banks maintain their inherent relationship advantages. Hiring qualified dat...
Across the globe, each household does financial transactions almost daily. It's part and parcel of every family's life. Though a large population is still unbanked, many families have used banking ser...
After years defined by explosive growth and disruption, the business environment for fintechs is shifting. Fintechs and financial institutions alike will need to chart a strategic course to navigate t...