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Fintech for Travel – Embedded for a Rebound? The travel and tourism industries were among the hardest hit from lockdowns and restrictions introduced by governments around the world to reduce the spread of COVID. According to statistics from the Office for National Statistics, in Q2 2020 overseas residents spent 97% less than in Q2 2019 on their visits to the UK, highlighting the stark
In 2020, the banking industry focused its attention on quickly shifting tried-and-true business models to accommodate restrictions related to the Coronavirus pandemic. A year later, virtual experiences are now the norm and financial leaders are looking toward a post-COVID future. The road to recovery in the banking sector will be a long one – requiring
The pandemic has accelerated the trend for service providers to move their product online or risk going out of business, making traditional ID methods of onboarding customers more challenging. But what does the future hold for a post-pandemic world? Will we see a return to paper documents, or will Digital ID become the new normal?
Digital by default and at short notice has been a hallmark of the recent pandemic. For financial institutions across North America, Covid 19 and the mitigation measures adopted did not discriminate between institutions. Whether a small credit union or a large international financial services provider, the need to shift to digital channels and ways of
Another standout session from FinTECHTalents North America. An all-star lineup discusses the trends, technologies and behaviours that are shaping the industry. Tune in for our panel’s song/movie title choices that they feel characterise the industry and stay for an in-depth discussion on the forces of change. Rachel Schnoll, Managing Director and Head of FinLife, Goldman
Disruption has been a buzz word in many industries, including financial services, for some time. In the old world, innovators were the purveyors of this change. Today’s current environment will have a dramatic impact both on challenger and incumbent financial institutions alike. How is the financial industry responding to the global pandemic? How are customer
The assumption made by U.S. CEOs, CIOs, policy makers, and politicians is that back-to-work and back-to-school orders exist in a vacuum — or rather in 1953. The ‘all clear’ to go back to work and school on modified or hybrid models assumes there is a caretaker at home at all times, flexible and adaptable to
Coronavirus has dialled up the urgency for digital only banking. However don’t be fooled by the excitement, digital only banking is starting to gain momentum yes but it will take a few more years before we see a truly cashless world. Typically, startups and medium size financial institutions hold their data on modern digital platforms
Amrita Chatterjee, COO of Finarb, speaks to us about incomplete digital journeys in financial services being accelerated by Covid-19, future trends and the importance of mapping out an AI Strategy. She highlights the importance of building an approach based on problem solving, incorporating an understanding of the business structure and a realistic pathway to implementation.
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