It’s fair to say that over the last decade, the world of financial services has changed irreversibly. The after-effects of the financial crisis combined with the rise of technological innovation…
Banks must operate more like technology companies in order to stay relevant for years to come, executives in the financial services industry say. “I happen to believe that many banks,…
Dwindling are the days of brick-and-mortar banks and tellers behind counters. Now, banking is all about what happens on a screen, from traditional banks offering apps to online-only banks you’ll…
The near future is bright for challenger banks when it comes to gaining stronger adoption among consumers: 68% of consumers say they are currently using a checking or savings account…
McKinsey & Company has recently published its Global Banking Annual Review entitled “The Last Pit Stop? Time for Bold Late Cycle Moves.” The document is an examination of the global…
A recent survey showed that of the 400 million adults in Southeast Asia, only 104 million are fully “banked”, and have full access to financial services, while 198 million do…
There’s no shortage of evidence of FinTech collaborations with traditional financial providers — to mutual benefit. In China, reported the South China Morning Post, the trend is on the upswing. The…
FinTech has the potential to reshape the financial services and financial inclusion landscape in India in fundamental ways, noted the RBI governor Shaktikanta Das in a speech today. It can reduce costs and improve access and quality of financial services.FinTech…
At the recent Sibos conference in Australia, the CEO of ANZ, Shayne Elliott, touched upon an old argument in the FinTech space – disruption vs. collaboration. Initial perceptions of FinTech startups…
Millennials are the first generation that grew up with the internet boom, a generation that consists of 83 million digital natives, with one-third never using a physical banking office. It’s…