Sharing brainstorm and new ideas can be a great resource for both sides. A case where banks got together to improve the chances of success.
http://thefinancialbrand.com/37354/bank-credit-union-innovation-disruption/
As the technology edge migrates away from financial services, top talent seems to follow in its footsteps. We regularly hear that the best candidates are seeking roles in San Jose and Palo Alto rather than on Wall Street.
Studies and reports emerge about how important mobile banking apps are to smartphone users, in fact it has become the “number one” touchpoint. But there is a difference between offering a mobile banking app for appearance’s sake and banks that are truly committed to innovating on behalf of their customers.
http://www.banktech.com/channels/mobile-banking-divergence-where-true-adoption-begins/a/d-id/1316762
“This is where we’re inventing what’s next … We’re building a world where everything is going to be connected. It’s not just your smartphones, it’s your tablets, your game systems, your home appliances, and it’s your car becoming a computer on wheels.”
Chief data officers (CDOs) are a new breed in banking, charged with setting the strategic direction for data. Creating the right organizational model for data governance will determine their ability to thrive. Understand challenges, methods and strategies that are being adopted.
One of the most significant lessons learned from the global financial crisis that began in 2007, was banks information technology and data architectures were inadequate to support the broad management of financial risks. Basel Committee for Banking Supervision has set an aggressive deadline for Risk Data Aggregation.
Moving customers to less expensive channels is required, based on the economics of today’s banking industry. But migrating customers who are already set in their ways comes with both satisfaction and engagement risks which could result in attrition, reduced balances, lower profitability and the unintended consequences of digital as opposed to human interaction.
The financial services industry is increasingly getting nervous about cyber attacks. All of us need to become agile in response to these rapidly evolving threats by being able to share information about attackers’ activities between multiple stakeholders and shifting the model from individual institution’s static defenses to dynamic community responses.
The NFC standard supports it, but payment software hasn’t enabled it yet.
The NFC effect, its limits at the moment and Google as competitor.
There has been some turbulence in financial markets. Investors started to worry about whether struggling euro-zone economies would be able to pay back their debt. Euro-zone debts are looking increasingly unsustainable. So how bad is euro-zone debt?
