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814

As Challenger Banks Grow In Popularity, Incumbents Must Innovate

via Fintechnews Singapore

Using technology and digital channels, challenger banks are reimagining banking, delivering superior digital customer experience and challenging incumbents to reinvent themselves.

These are growing in importance and incumbents must “transform themselves from slow moving caterpillars to agile butterflies,” according to a report titled Bank X: The New New Banks by Citi Research.

These challenger banks that are also sometimes referred to as neo banks, are designed around meeting current customer expectations and leverage data insights to offer better personalization and fully digital banking experiences. (more…)

Analytics, Banks, Global trends

May 28, 2019

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Rise of challenger banks in Asia

via The Edge Markets MY

Challenger banks have been a trend in markets such as the UK in the last few years, but activity is ramping up in Asian markets like South Korea, Greater China and Southeast Asia, says James Lloyd, fintech and payments leader for Asia-Pacific at EY, in the recently published Citi GPS: Global Perspectives and Solutions report, titled “Bank X: The New New Bank”. (more…)

Banks, InspirAsia, Mobile-first banks

April 14, 2019

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Innovation in banks: Barklays, RBS, Citi, Standard Chartered

BLOOMBERGVIEW: What kind of chief executive does a big modern bank need? Apparently not a traditionally hypercompetitive investment banker like Anshu Jain, who lost his co-CEO job at Deutsche Bank last month — but evidently not a quiet retail banker like Antony Jenkins, Barclay’s freshly ousted chief, either.

(more…)

Analytics, Fintech news, Global trends, Mobile-first banks, news

July 8, 2015

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Peek Inside 7 of The Banking World’s Coolest Innovation Labs

The Financial Brand: Banks are often ridiculed for their lack of innovation, but some seem to be taking it pretty seriously, at least from the looks of the innovation centers they’ve created. Take a tour around these digital playgrounds, idea labs and test kitchens built by banks looking to keep pace with the wave of digital disruption sweeping the industry.

(more…)

Influences FinTech

June 8, 2015

Jorge Ruiz: Citi Looks To Build A Global Ecosystem for FinTech

FINEXTRAJorge Ruiz, managing director, Digital Acceleration Global Program Head, Citi sits down with Finextra to talk about the ongoing Citi Mobile Challenge and the development of a global ecosystem for FinTech. (more…)

Fintech news, Influences FinTech

April 10, 2015