Banks should play Amazon’s long game – W.UP Digital Banking Weekly

blog

05. 08. 2018

Banks should play Amazon’s long game – W.UP Digital Banking Weekly

Big tech companies, like Amazon, are using their brands to offer multiple services and are obsessed with being customer-centric, especially in their long-term strategic decisions. Financial services firms should follow suit.

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The odds don’t seem to be in favour of traditional banks

blog

04. 06. 2018

“The odds don’t seem to be in favour of traditional banks”

“Banks still lag behind in adopting artificial intelligence and machine learning because changing their internal systems takes way too long and they are fishing in a small talent pool,” says Remco Veenenberg, W.UP’s very own international sales evangelist. He’s recently joined us from City.AI, an international network of AI communities.

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Big techs will not “eat the banks alive”

blog

03. 20. 2018

Big techs will not “eat the banks alive” – W.UP Digital Banking Weekly

When it comes to competing with big tech firms in banking, the key question is who customers will trust with their data and money, according to BBVA. Still, a new market forecast said Amazon, for example, could easily attract 70 million customers within the next five years.

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Lessons banks may learn from Amazon in digital sales – W.UP Digital Banking Weekly

blog

03. 05. 2018

Lessons banks may learn from Amazon in digital sales – W.UP Digital Banking Weekly

Traditional banks and fintechs should prepare for an increasing role of big technology firms in financial services. But they can also try to copy their success. More than 7,500 fintechs have raised over $109.8 million, yet most will likely fail partially as they can't find the right partner.

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Why Amazon or Google really wants to expand in financial services

blog

02. 19. 2018

Why Amazon or Google really wants to expand in financial services – W.UP Digital Banking Weekly

Technology companies are not interested in the fees, charges and interest that can be made on payments, credit and loans. But then why do they pose a threat to traditional banks? Tech giants, like Amazon, Google or Alibaba, are moving into financial services to get more traffic, not to make money out of payments and credit, according to Chris Skinner.

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Digital payments-new entrants to speed up evolution

blog

02. 16. 2018

Digital payments: new entrants to speed up evolution

Fintechs, e-commerce firms and banks will all see a turning point in payments. The introduction of new regulation, combined with new technologies, changing customer expectations and the expansion of Chinese payments firms in the West, is leading to a rapid evolution of the payments industry.

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Amazon enters banking

blog

01. 11. 2018

Tech giants in banking: will Amazon launch a bank?

US platform firms like Amazon could try to copy the success of their Chinese peers and start banking services very soon.

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Net neutrality in banking

blog

01. 05. 2018

Net neutrality rollback: Will it block your digital bank too?

The rollback of net neutrality rules could hurt competition in digital banking as internet providers can speed up any preferred payment services.

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Retailers vs banks

blog

12. 21. 2017

12 marketing trends for banks in 2018 - W.UP Digital Banking Weekly

Developments in omni-channel measurement & marketing ROI and the rise of digital and data specialists will be among marketing trends for banks in 2018.

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Branch closures

blog

12. 11. 2017

AI will speed up branch closures - W.UP Digital Banking Weekly

Banks are expected to retain some branches, but if AI delivers on its promise these cuts might seem small scale compared to what will come.

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