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FinTech Pulse

The Digital Banking Transformation: A How-To Guide (Part 1/3)

The next 20 years will see the world go from 20,000 “analog” banks to no more than several dozen “digital” institutions.

                                                               -Francisco González, BBVA Chairman

These days, “digital transformation” tops the list of mission-critical issues for banks. Most have been on this journey for years now, but are only halfway there and struggling. This is unsurprising given the breakneck pace of emerging trends such as Internet of Things, mobile ubiquity and wearables, combining to create a new and unfamiliar set of customer behaviors and expectations. 
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Topics: Disrupting Banking, FinTech, Digital Transformation

Author: Artak Vardanyan, Product Marketing Manager on Mar 30, 2015

Strands Loop meets Apple Watch: sneak peek into our R&D

We've all heard the news this week: Apple finally launched their much-anticipated Watch. The neat little device can handle phone calls, leverage iPhone via WiFi or Bluetooth, and doesn’t even need a built-in cellular radio. 

More importantly (at least for us), is understanding how this new hardware can improve your (financial) life without having to rummage through your bag or pockets to dig out your phone, slide to unlock, punch your passcode and tap the notification window.

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Topics: Disrupting Banking, Card-Linked Offers (CLO), Apple

Author: Cesar J. Richardson, VP Sales and Operations (Americas) on Mar 13, 2015

Reaching the Unbanked in Emerging Markets

Mobile money services (MMS) are spreading rapidly across much of Africa, Asia, Latin America and the Middle East, reaching over 60% of the world’s developing countries. The number of registered mobile money accounts has grown to just under 300 million globally in 2014. As this represents only 8% of mobile connections in markets where MMS are available, there is significant potential for future growth.

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Topics: Disrupting Banking, FinTech, Digital Transformation, Unbanked, Mobile, Underbanked

Author: Cesar J. Richardson, VP Sales and Operations (Americas) on Mar 6, 2015

Banking Sandwich

 

Banks are cornered between FinTech startups and tech giants like Amazon, Apple, Facebook and Google. No longer loyal to traditional financial institutions, Internet-savvy consumers are already used to adopting new financial services from third parties. Consequently, banks are now faced with an inevitable choice: drive their stake into the FinTech arena, or die.


Disrupting digital banking
“Let’s not pretend that things will change if we keep doing the same things. A crisis can be a real blessing to any organisation, because creativity is born from distress. It is in crisis that invention, discovery and large strategies are born.”
-Albert Einstein
 

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Topics: Disrupting Banking, FinTech

Author: Erik Brieva, CEO on Mar 2, 2015

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