Financial Services Strategy and Digital Transformation Lead SapientRazorfish
Traditional banks’ budgets for growth and transformation have been virtually nonexistent since the financial crisis. In the new political and economic climate, traditional banks will gain the resources they need to innovate.
Globalization has dramatically altered the B2B payments landscape, revealing significant trade opportunities for SMEs and transaction services for corporate banks. Yet many banks, weighed down by tight regulation and legacy infrastructure, find themselves ill equipped to service the needs of an increasingly digital-first client base. Download this white paper from a 2016 FinTech Forward company to learn how banks can effectively transform digital processes and realize new revenue opportunities through payments innovation.
A freewheeling discussion (over beers) about the future of branches with Tom Brown of Second Curve Capital and Dave Martin of BankMechanics at the Trump National Doral hotel in Miami during American Banker’s Retail Banking 2017 conference.
Leaked documents appear to show NSA analysts were able to hack into Middle Eastern banks’ servers through the Swift service bureau EastNets. The same tools could conceivably be used by cybercriminals and nation-states with more sinister motives.
At last week's conference in London, host Brett King took time away from speaking and judging startup pitches to talk to some of the main presenters, including Ruth Wandhöfer, Citi's global head of regulatory and market strategy.
With the reversal of Obama-era rules requiring user consent for data collection, it is more important than ever for U.S. banks and fintechs to demonstrate a robust and consistent approach to data privacy.