Banking

November 21, 2019. It’s expensive to be poor. There are two banking systems in the world today: one for people with money (or good credit), and another for people without. But neither of these systems work well. People with money have gotten used to...
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November 12, 2019.  Information technology alters global power dynamics in a few key ways: Instant information dissemination reduces commercial and jurisdictional barriers to entry and barriers to exit. This increases competition by facilitating global entrepreneurship.The creation of non-sovereign, digital money decreases the power of...
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January 03, 2020. Decentralized finance, also referred to as “DeFi” or open finance, aims to recreate traditional financial systems (such as lending, borrowing, derivatives, and exchange) with automation in place of middlemen. Once fully automated, the financial building blocks of DeFi can be composed to...
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February 2019. Four important trends are changing the terms of success in retail banking. Banks need to act now to develop new skills. Retail banks have long competed on distribution, realizing economies of scale through network effects and investments in brand and infrastructure. But even...
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July 19,2016. For the 2016 Retail Banking Trends and Predictions article here on The Financial Brand, I contributed this prediction: “The most significant trend of 2016 will be the ‘platformification’ of banking, where both existing banks and startups begin a strategic shift towards becoming...
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March 03, 2017. Challenger banks are a fascinating bunch. As varied as they are — Monzo, Atom, Tandem, Starling and other UK market newcomers — they have one thing in common: obsession with amazing customer experience, customer-centric propositions and fee transparency. Written by Tomáš Vyšný - Originally...
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April 2013. Lenders can use big data to create meaningful value for their enterprise, better outcomes for borrowers, and significant social impact. Lending to lower-income households and small and informal enterprises is challenging. Many (though not all) of these customers have limited familiarity with formal...
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