banking sector trends

Banking sector trends

Curated by

Last updated:

  • | Bookmarked links:
Signals
A glimpse into the future of money: Spain's banking revolution shows what's next for your cash
ZDNet
In Spain, where smartphone use is the norm and peer-to-peer lending is taking off, banks' shift from payment processors to financial services advisors is particularly noticeable.
Signals
Episode 543: A world without banks
NPR
There's this big idea floating around right now. The idea is this: get rid of banks. Don't make them safer. Don't make them smaller. Just get rid of them.
Signals
Money, risk, and software
a16z
Stream a16z Podcast: Money, Risk, and Software by a16z from desktop or your mobile device
Signals
Fintech from the world's financial capital - London
a16z
Stream a16z Podcast: Fintech from the World's Financial Capital -- London by a16z from desktop or your mobile device
Signals
Fidelity plans new 'robo-adviser' to manage money for clients online
Yahoo! News
By Trevor Hunnicutt NEW YORK (Reuters) - Fidelity Investments is building an automated portfolio-management service for individual investors, joining a growing group of money and brokers that have bought or designed such "robo-advisers," a spokesman for the firm said Friday. The platform, called Fidelity Go, is being piloted internally now and will be made available next year for a small group o
Signals
Manifesto for a bankless world
Medium
What if I told you that traditional banking as we know it is on the way out? Sure, I’d be skeptical too. But hear me out. It’s an open secret that most consumers don’t exactly have the healthiest…
Signals
Transforming how retail banking works
TechCrunch
Mobile is changing how people work, travel, read, communicate, shop and many other lifestyle behaviors. In the Internet Trends 2015 report by KPCB, mobile engagement is better than ever, with three hours of time spent per day on mobile devices in 2015 compared to an hour per day five years ago (a 300 percent increase). Adding to this, there was 69 percent and 23 percent annual worldwide growth in
Signals
The death of bank products has been greatly under-exaggerated
Medium
Since 2005 I’ve been predicting the decline of branch banking. For almost 10 years I fought bankers who decried my assessment that branches would cease to be the most important channel in banking, to…
Signals
Banks of the future are already here
The Next Web
Drastic changes await the banking sector in the next two decades.
While banks remain quite wrapped up in themselves, IT companies and startups are increasingly offering financial services. 10 percent of Starbucks revenue already comes from
Signals
Advocates push for the U.S. Postal Service to offer basic banking
Los Angeles Times
Until the late 1960s, you could walk into a post office and deposit money in a savings account at the same time that you bought stamps or mailed packages.
Signals
The blockchain will do to the financial system what the internet did to media
Harvard Business Review
What we can learn from the evolution of another groundbreaking technology.
Signals
Global: 2018 could be a painful year for banks
Stratfor
Recent events have shown that the connection between tightening U.S. monetary policy and tightening policy in fragile parts of the global economy still exists. As a result, economic pain expected in 2017 could arrive in 2018 instead.
Signals
Barclays’ Rolfe: “I can create a ubiquitous ‘bankless’ banking experience – and that’s where the true value of IoT and connected devices lies”
The Asian Banker
Kevin Rolfe, head of technology cluster at Barclays Africa Group, speaks on how the banking industry needs to think beyond telemetric type data concepts to truly understand IoT’s significance.
Signals
Is artificial intelligence killing Japan's banks?
The Japan Times
As part of an ongoing series about artificial intelligence, the Asahi Shimbun on Jan. 11 published a story that asserts the financial industry has adopted
Signals
Bank accounts could disappear within 15 years according to one of Deutsche Bank's most senior execs
Business Insider
"That would be a game changer to what we're doing," Deutsche's co-head of corporate and investment banking said at a conference in London.
Signals
Why central banks could mint their own digital currency
Stratfor
Central banks the world over are taking a long, hard look at the exploding cryptocurrency market with an eye to rolling out new types of digital money that would have far-reaching ramifications.
Signals
A bank branch for the digital age
McKinsey
Far from rendering the bank branch obsolete, digital technology holds the key to the branch of the future.
Signals
Banks are just beginning to understand the power (and limitations) of artificial intelligence
Bank Innovation
Citi Ventures's recent investment in Anaconda, an Austin, Texas-based AI and machine learning (ML) software company, shows the industry's commitment to staying
Signals
Recognizing the value of bank branches in a digital world
Deloitte
Bank branches are still valuable to customers. Learn how banks can leverage and combine the strengths of each channel to improve customer engagement.
Signals
For banks saying goodbye to LIBOR won't be easy, but artificial intelligence can help
Computing
LIBOR expires in 2021 and banks face an uphill struggle to change all their existing contracts
Signals
Accelerating digital transformation in banking
Deloitte
Our global retail banking survey reveals many consumers expect banks to act more like top technology brands. Learn about actions banks can take to transform themselves.
Signals
The 2020s could be an apocalyptic decade for Wall Street as artificial intelligence takes over the most popular jobs in finance
Business Insider
The financial services industry is a popular place for job seekers, but artificial intelligence could wipe away a million banking jobs.
Signals
Reshaping the cybersecurity landscape
Deloitte
Cybersecurity for financial institutions was critical before COVID-19 hit—and likely even more so now. This year’s Deloitte and FS-ISAC survey reveals why firms may need to prioritize and reinvest in cyber protection programs.
Signals
Banking is the next personal assistant
Readwrite
Companies that figure out how to leverage data and bridge the trust gap between consumers and banks will become the next big unicorn companies.
Signals
The top banking-as-a-service platform providers & banks using BaaS technology
Business Insider
Here is a list of the top companies and startups involved with Banking as a Service — either as a pure BaaS platform provider or a retail bank with BaaS services.
Signals
2020 banking and capital markets outlook
Deloitte
Our analysis of how the banking and capital markets sector can best ride the wave of disruption up ahead.
Signals
Banking-as-a-Service: A disruptive force for good
Finextra
Banking-as-a-Service (BaaS) comes in many various offerings, something that was not true back in 201...
Signals
Why banks like Barclays are testing quantum computing
American Banker
Barclays, Morgan Stanley, True Positive and other firms are turning to the technology for simulations and problems that demand large quantities of computing power.
Signals
JP Morgan CEO on the decade ahead | Fortune
Fortune Magazine
Subscribe to Fortune - http://www.youtube.com/subscription_center?add_user=FortuneMagazineVideoFORTUNE is a global leader in business journalism with a world...
Signals
Why do banks like blockchain? - VisualPolitik EN
VisualPolitik EN
Many talk about a cryptocurrency revolution to come. Bitcoin, Ethereum or Ripple are some of the best-known cryptocurrencies out there. According to their su...
Signals
U.S. banks are terrified of Chinese payment apps
Bloomberg Quicktake
If mobile payment apps became as popular in the U.S. as they are in China, banks would lose a projected $43 billion in revenue annually. Bloomberg QuickTake ...
Signals
Bogus internet bank sites on the rise -- don't let them suck you in
CBS News
As online-only banks spread, so are the frauds pretending to be one, with the sole purpose of stealing your money
Signals
Goldman Sachs wants to pay students $100,000 to tackle Wall Street’s technology challenges
CNBC
The new program is part of Goldman's bid to become the operating system for financial services.
Signals
US startup PayJoy unlocks smartphone loans for Asia's unbanked
Nikkei Asia
SAN FRANCISCO, U.S. -- Mark Heynen still remembers working at his first startup in New Delhi some 20 years ago, and the shock he felt seeing families
Signals
Voice biometrics in banking, call centers and even catching criminals
Voice
From governments to healthcare, organizations worldwide are beginning to adopt voice technology as a secure method for ID verification, like voice biometrics in banking. But how does this work, and just how safe is it? Here’s what you need to know
Signals
Elizabeth Warren is proposing new regulations on the private equity industry
Inc
Private equity firms would be liable for debts and pension promises made by the companies they buy.
Signals
GroMo banks on social network selling to bring digital lending to smaller cities and towns
Inc 42
Gurugram-based GroMo has raised INR 4 Cr seed funding led by Ramakant Sharma, cofounder, Livspace and Utsav Somani of AngelList India.
Signals
Bank of Canada announces partnership to improve resilience in financial sector
Bank of Canada
The Bank’s cyber security strategy charts our course to reduce risk and promote resilience for the years 2019 to 2021.
Signals
Complaints against major banks a 'canary in the coalmine' for finance watchdog
ABC
In its first six-month report, the Australian Financial Complaints Authority said 67 per cent of all complaints received related to the four major banks.
Signals
Ethiopia opens up banking sector to its diaspora
The Standard
Abiy’s government is also opening up other key sectors of the economy to foreign investment.
Signals
How a shadow banking crisis sent India's autos sector into a tailspin
Financial Post
MUMBAI — Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were…
Signals
Brexit: £1 trillion of assets and 7,000 banking jobs moved from UK to EU so far, research finds
Independent
City of London firms also spent £4bn on contingency plans, legal advice and new offices in European financial centres, report finds
Signals
Banking on devops: some banks are getting it right
CIO
How do banks that traditionally apply changes less than ten times a year move to continuous delivery? Devops is the answer, but culture and legacy systems are the challenge.
Signals
Bank on the Gen Z customer to disrupt the financial services industry
CIO
Gen Z is starting to enter college and become more financially independent, which puts pressure on banks to provide them with tailored services and offerings based on their preferences. New technology innovations will help banks further engage with this cohort.
Signals
Millennials, Gen x and even boomers will ditch banks for Amazon
Financial Brand
A perfect storm is brewing, and traditional financial institutions are sailing straight into it. Can they survive a big tech incursion?
Signals
Online banks to take bigger share of U.S. deposit market: Evercore
Reuters
Online banks, such as Ally Financial Inc and Capital One Financial Corp , are expected to take a bigger chunk of the overall U.S. deposit market, after racking up $95 billion in customer deposits this year with enticing yields on most savings accounts.
Signals
Here's why layoffs are on the rise in the financial services industry
YouTube - CNBC Television
A wave of layoffs from some of the biggest banks is making it harder to get a job on Wall Street, and now headhunters are being flooded with resumes. CNBC's ...
Signals
H.R.1595 - Secure And Fair Enforcement Banking Act of 2019
Congress.gov
Text for H.R.1595 - 116th Congress (2019-2020): Secure And Fair Enforcement Banking Act of 2019
Signals
How a brief socialist takeover in North Dakota gave residents a public bank
Vox
North Dakota’s government-owned bank has been a celebrated institution for a century. Now California might get one, too.
Signals
The $100 trillion opportunity: The race to provide banking to the world’s poor
Forbes
How the race to provide the basic tools of credit and saving to the planet’s 1.7 billion unbanked will transform lives, make the world richer and lay the cornerstone of some of this century’s new fortunes.
Signals
Consumers left 'cashless' and 'cut off' by unacceptable IT failures, say MPs
Independent
With ever more people relying on online banking, MPs call on financial institutions to improve accountability to customers
Signals
HSBC flips crime-spotting tool to scope new business
Reuters
British bank HSBC has converted a financial crime-spotting algorithm it was forced to build in the wake of a money-laundering scandal into one that can scope out new business opportunities, bank executives said.
Signals
Five digital transformation trends in banking we’ve seen in 2019
BBVA
Which trends should we keep an eye on in 2020? For disciplines such as 'pentesting' and quantum computing, the future looks bright.
Signals
RBC exploring cryptocurrency trading platform for investments, in-store and online purchases
Financial Post
The bank is also looking into letting customers open bank accounts containing cryptocurrency
Signals
Banks should have legal duty to act in customers’ best interests, say MPs
Independent
New legal duty of care may be required if regulators can’t bring lenders into line after £30bn string of scandals
Signals
Private banks need to adapt to millennial investors
Forbes
As millennials form a larger part of the global workforce and increase their net worth, private banks need to adapt.
Signals
How COVID-19 will transform banking workforce culture
Fintech Magazine
How COVID-19 will transform banking workforce culture Article page | Fintech Magazine
Signals
Major banks are giving new graduates virtual introductions to careers in finance
CNBC
As students graduate into an uncertain jobs market, many major banks are offering virtual insights into a career in finance.
Signals
Hong Kong’s banking future in peril under Communist rule
The Breeze
With a global pandemic and social justice issues in America, it's easy to forget about human rights violations abroad. China's new national security law may cripple Hong Kong's economy and
Signals
Open banking system to help banks transform into digital powerhouse; win-win for customers, banks
Financial Express
Open banking can help unlock legacy infrastructure of banks by using modern technologies like containerization and microservices.
Signals
Bots for the people, by the people at Bank of Montreal
Forbes
Bank of Montreal (BMO) is making effective use of robotic process automation to leverage its people.
Signals
How the in-branch experience could become ‘pleasingly un-bank-like’
TechHQ
Banks need to rethink the functions of branches as customers are showing a preference for online banking services and platforms.
Signals
Banks eye layoffs as short-term crisis ends, long-term costs emerge
Reuters
At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley, Bank of America Corp and others pledged not to cut any jobs in 2020 because it was the wrong thing to do.
Signals
A closer look at the future of banking in the post Covid-19 world
The Times of India
As part of my work and passion, I often ponder over the future of banking. That leads me to the enabling role of digitalization in reshaping the face of banking. Collectively, the industry believed this...
Signals
New Zealand will make big banks, insurers and firms disclose their climate risk. It’s time other countries did too
The Conversation
I have criticised this government’s climate policy in the past for being big on promise but short on concrete policies. But this financial disclosure policy has some real teeth.
Signals
The European banking authority is happy with your veins, heart, or weird way of typing
CBR Online
When it comes to body parts the European Banking Authority (EBA) is agnostic.