At the recent SAS Financial Services Executive Summit, bankers gained insights into how to address the challenge of aligning technology and business in the age of big data analytics.
After PayPal launched a program last week offering free transaction processing for merchants who switch to its point of sale card reader, Square hit back yesterday by announcing it will be offering a P2P payments service via email.
How Banks Win the Battle for Prepaid CustomersMay 08, 2013Banks can leverage current assets to grow their share of the younger and underbanked customer segments through prepaid products, as long as they keep in mind what these customers are looking for.
Technology the Key for Reaching the UnderbankedFebruary 26, 2013In order for banks to capitalize on this revenue stream, they have to do a better job at anticipating the underbanked consumer’s need for a mobile experience.
China Will Be No. 1 M-Payment Market By 2015April 25, 2012A report from consulting firm Kapronasia indicates that the Chinese mobile payments market will be worth more than $80 billion.
Banking the Unbankable Requires a Targeted EffortFebruary 28, 2012To tap the growing number of unbanked and underbanked consumers worldwide, banks need to be more aggressive in offering services and products specifically designed for the market.
3 Hot Banking Markets Beyond the ObviousFebruary 27, 2012When it comes to identifying potential geographic markets for growth and investment, banks have been focusing on the prominent BRIC nations: Brazil, Russia, India and China. While these four countries are attractive to financial services organizations se
IBM Signs Deals with Five Kenyan BanksDecember 21, 2011The deals are part of Big Blue's overall plan of partnering with African banks as they turn to advanced technologies to launch new services.
Mobile Payments Offer Opportunity to Reach the UnbankedDecember 17, 2011Two recently launched mobile payments initiatives target migrant workers and consumers in developing countries, offering banks a possible avenue to reach the underbanked market.
New Strategies for Retail Banks in the Post-Crisis EraAugust 08, 2011Ernst & Young's 2011 Global Banking Survey identifies the challenges and operational implications of refocusing on the consumer, especially when considered in combination with the host of regulatory changes being implemented.
KPMG Study: Reconsidering the Underserved MarketAugust 03, 2011Banks have barely tapped the $1 trillion market of the unbanked and underbanked. According to a recent KPMG study, they do so profitably with the right tools and risk management practices.
Temenos and Microsoft Make Cloud-Based Core Systems a RealityJuly 19, 2011Six microfinance institutions in Mexico are now running Temenos' T24 core banking clients on the Windows Azure platform, with more implementations to come around the world.
