Banks across the world are looking for opportunity in the metaverse, as hype builds around the new technology.
Incorporating digital practices into bond issuance and lifecycle management will bring many benefits, but it is a long and complex journey. However, developments in streamlining workflows and in bond tokenisation bring hope of big changes soon.
Migration to the cloud could be a huge cost-saver for banks, as well as allowing a stronger focus on customers.
Open banking offers opportunities for data-driven business models by allowing customers to share their banking data securely with third parties. The next step is unlocking customer data across the financial sector.
Sustainability is becoming a fintech mainstay, with initiatives launching across the globe.
Africa’s forays into fintech continue apace as a new hub opens in South Africa, while sharing knowledge across the continent continues to be crucial for success.
In addition to developing innovative products, many banks are looking within to better meet the needs of an increasingly digital society.
Some 60% of European users surveyed by McKinsey said they would consider a fully digital solution for all their banking needs, but banks are struggling to profit from online channels.
Ernie Diaz, head of US consumer distribution and wealth, TD Bank, talks about learning how a bank becomes part of a community.
Many jurisdictions are following the EU’s proposed regulation of artificial intelligence. Firms that have not begun to develop their AI systems to comply with the new regulation are being advised to do so now.
Forecasts of a collapse in the value of the fintech market are probably premature, according to many in the industry.
As a region that has long led the way in fintech innovation, Asia’s mature stance on crypto development is unsurprising.
Many argue that the likes of bitcoin can help displaced people access financial services, but others are more sceptical.
Banks and building societies in the UK will be required to assess the impact of changes to their services such as shorter branch opening times and the shuttering of branches.
Singapore’s central bank governor provides insight into its regulatory approach to the crypto sector, which aims to mitigate risks while leaving the door open for opportunities to co-create solutions with the industry.
Resilience gained through the painful post-global financial crisis restructuring has helped Portugal’s banks emerge from the pandemic with stable capital ratios, improved asset quality and ample liquidity.
Taking a hybrid approach will help retail banks grow, develop new processes and offer hyper-personalised services to customers.
The ongoing war in Ukraine is causing significant disruption to the political framework of Europe and the financial markets. However, the technology and business operations are holding up.
Turkey’s banks are coping well with the financial, digital, economic and geopolitical risks confronting them
Sustainable finance and digitalisation helping to keep Turkey’s bankers positive