New entrants eye digital payments – should banks worry?

blog

07. 20. 2018

New entrants eye digital payments – should banks worry?

Microsoft’s Outlook and Facebook’s Instagram will be joining the ranks of other tech, social media and retail heavyweights by launching in-app digital payments. What’s in it for them and how will the new entrants affect incumbent banks?  

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Open banking six months on: where are we now? – W.UP Digital Banking Weekly

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07. 17. 2018

Open banking six months on: where are we now? – W.UP Digital Banking Weekly

The introduction of PSD2 (Second Payment Services Directive) in January promised so much but has it really changed the game? Although many banks missed the go-live deadline, there are clear signs of progress, too.

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Three questions banks should ask before implementing AI

blog

07. 13. 2018

Three questions banks should ask before implementing AI

Ever wonder how your bank can benefit from the AI revolution? Here are the key questions you should ask yourself before adopting the new technology, and a few things to watch out for on the way. 

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Banks gone digital: time to reprice? - W.UP digital banking weekly

blog

07. 09. 2018

Banks gone digital: time to reprice? - W.UP Digital Banking Weekly

About 17% of US banking revenue now comes from digital banking and this trend shows no sign of stopping, according to Accenture. With the industry rapidly changing, however, banks will need to offer something truly new in their pricing. 

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AI in banking: know your basics

blog

07. 06. 2018

AI in banking: know your basics

How to use AI to cut costs and grow revenues? This is one of the most talked-about questions in banking today. But not all bankers have a grasp of what the new technology can do, let alone what it can do for them. Let’s see how the AI magic works and why one sector after another is falling under its spell.

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What does the bank of the future look like? – W.UP Digital Banking Weekly

blog

07. 03. 2018

What does the bank of the future look like? – W.UP Digital Banking Weekly

There’s no doubt that the expansion of tech giants into financial services will impact the future of retail banking, especially because they offer many services for free to make buying and selling easier on their platforms. But looking ahead, how will this shape the functions and activities of retail banks?

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Mark Hetenyi, MKB Bank

blog

06. 29. 2018

“Banks and fintechs are destined to work together” - interview with Mark Hetenyi (MKB Bank)

How does a medium-sized commercial bank make headway in digital transformation, improve digital sales capabilities and roll out new products in cooperation with fintechs? We sat down with Márk Hetényi, Deputy CEO for Digital, Retail and Strategy at MKB Bank in Hungary, to get his lowdown on present and future developments, changing customer expectations and looming competitive threats from tech giants.

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Open banking is still a sci-fi vision to bankers – W.UP Digital Banking Weekly

blog

06. 26. 2018

Open banking is still a sci-fi vision to bankers – W.UP Digital Banking Weekly

The way many financial institutions react to open banking still falls short of what open banking could do for them. And that makes them ever more vulnerable to snowballing disruption and competition. Putting off core system changes carries similar risks.

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Google Duplex in banking? Not so fast

blog

06. 21. 2018

Google Duplex in banking? Not so fast

Google’s experimental voice technology, which can carry out human-like phone conversations, sure sounds like something banks could put to good use. But if you ask bankers or security experts, it’s not likely to happen anytime soon. If at all.

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Transformation

blog

06. 19. 2018

The best way to become a digital bank – W.UP Digital Banking Weekly

Does a bank need to die and reincarnate itself to survive digital revolution? Chris Skinner says the difficulty with launching a new bank is commitment to let it grow without interfering and giving it time, without cutting costs halfway through as the returns are not showing. Another question is how existing margin and profit can be maintained at the old bank.

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