Meet Amazon’s future banking customers

blog

09. 28. 2018

Meet Amazon’s future banking customers

While it’s yet to be seen whether Amazon will really break into mainstream banking, the tech giant can count on high demand, a new survey reveals. So who’s likely to bank with them? Here’s all you need to know about what their future customer base would look like.

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‘Amazon Bank’ is here, frogs beware – W.UP Digital Banking Weekly

blog

08. 22. 2018

‘Amazon Bank’ is here, frogs beware – W.UP Digital Banking Weekly

That’s right, Amazon already takes deposits from Indian customers who prefer to pay for deliveries in cash through the Cashload feature of Amazon Pay.

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How do they do it? 6 use cases of AI in digital sales

blog

07. 26. 2018

How do they do it? 6 use cases of AI in digital sales

Need some pointers on how to use AI solutions to boost digital sales? Look no further than your competitors. And while you’re at it, you should also check what other industries do. Here are six use cases for inspiration.

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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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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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