Digitalization has altered how we see Banking, especially in the last couple of years given the growing need for digital banking platforms in the backdrop of the pandemic. Personalized and digital banking services have saved…
The rising use of digital banking, the advent of new technologies, the blurring of industry ecosystems, and a greater emphasis on innovation are all producing challenges and possibilities in the banking business, and more so…
With individuals residing in multiple nations as expats and easing border control restrictions that allowed people to travel across the globe on a frequent basis, the need for borderless banking alternatives has grown significantly. Cross-border…
Millennials and Gen Z are the most significant demographic and economic force of our times. By 2025, millennials will constitute 75% of the global workforce. Within the next decade, Millennials will dominate the full-time workforce.…
The influx of Fintechs, innovative technologies, cloud banking, and sophisticated processes has taken the banking industry by storm. This has led to traditional and incumbent banks to rethink and realign their way of operating. Traditional banks…
Banks often have a lot of depth in their product offerings, but they have struggled to acquire scale. A significant portion of this is due to high operational expenses, which is a critical concern. They…
It is no more a secret that the incumbents in the Banking & Financial Services industry are facing increasing competition from a plethora of aspects of the digital world- specifically from the thriving Neobanks. Neobanks…
Modern banks offer standardized products hard-coded with specific rules and benefits. A lot of back-end operational roles are required to support these products and to manage the rules governing them. Today, a variety of these…
The financial services business has been gradually disrupting over the last 20 years. Back then, all that mattered was physical presence. If you wished to expand a bank, you had to open new branches. When…
The BFS industry is characterized by a physical branch distribution model that makes them susceptible to disruption from technological advancements. Age-old incumbents have fallen prey (read despite valiant, yet late efforts) to digital disruption and…
While digital transformation has brought a fair share of buzz in the past, it is often mistaken for mere online banking. In today’s post pandemic world, the next generation is rapidly reshaping the world and…
The banking business model of the past is clearly not the business model of the future. We are now living in the era of Customer’s choice. Technology has transformed almost all industries such as entertainment,…
