Abhishek Shukla

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GDPR: Balancing Privacy And Innovation To Create Opportunities In Banking

The season three premiere of the sci-fi drama <i>Black Mirror</i> features a dystopian world in which everyone rates personal interactions on a scale of one to five. This creates a public social ranking that has chilling implications for the well being and liberty of citizens. This type of social ranking …

Customers

Just Do It: The Bank of the Future Doesn't Include Excuses

Traditional retail financial institutions can't become a true 'Bank of the Future' using the same strategies and the same cultural mindset that they …

Banking

Ecobank Mobile App Reaches 4 Million Users Milestone

press release<p>The upgraded version of Ecobank’s revolutionary mobile app has attracted 3 million new customers in just 6 months, taking the total …

Africa

IndusInd Bank in pact with WhatsApp to connect customers

Private sector lender IndusInd Bank has announced a pilot with WhatsApp enterprise solution in India to communicate with its customers.<p>The …

Customers

The rise of Muslim Millennials and what it means for Islamic finance

By Arno Maierbrugger/Gulf Times Correspondent /Bangkok<p>As time goes by, a new breed of young consumers has entered the stage, a generation with …

Demographics

ATM Makers Fight to Stay Relevant in Digital World

The ATM is in the midst of a mid-life crisis.<p>Not only are there plenty of ATMs to choose from -- at banks, bodegas and bars -- they are also losing …

Banking

On the Frontiers of Physics, Math and Philosophy

Interview by Richard Marshall.Benjamin H Feintzeig focuses on the conceptual and mathematical foundations of physics, and the broader impacts of …

Quantum Mechanics

U.S. financial firms embrace cloud, 'fat fingers' notwithstanding | Reuters

NEW YORK (Reuters) - Only two years ago, an outage similar to the one that struck Amazon’s cloud services last month would have reinforced U.S. financial firms’ view that shifting data and systems onto the public cloud was just too risky.<p>FILE PHOTO: The logo of Amazon is seen at the company …

Enterprise Tech

The Unbanked, Explained

1.<p>Who are the unbanked?<p><i>Unbanked, as defined by the Federal Deposit Insurance Corporation (FDIC), are adults who don’t have an account at a formal</i> …

Sub-Saharan Africa

What Is the Internet of Things?

Defining the Internet of Things (IoT) can be simplified down to the connection of everyday things -- like homes, industrial equipment, watches, etc. -- to the internet, for the purpose of collecting data, tracking usage, and automating systems. While it encompasses many technological devices, it's …

Banks biometrics: a profitable partnership

According to Goode Research, biometrics is forecast to become big business: an $11bn industry by 2020. David Skerrett, managing partner at …

FinTech

THE BLOCKCHAIN IN BANKING REPORT: The future of blockchain solutions and technologies

Nearly every global bank is experimenting with blockchain technology as they try to unleash the cost savings and operational efficiencies it promises to deliver.<p>Banks are exploring the technology in a number of ways, including through partnerships with fintechs, membership in global consortia, and …

Blockchain

The digital reinvention of an Asian bank

The CEO of DBS says it’s not enough to apply digital “lipstick.”<p><b>DBS is one</b> of the leading financial-services groups in Asia. Headquartered and listed …

Innovation

This Startup Is Giving Customers Credit Where It's Due, On Their Smartphones

The past decade has brought huge innovation to the lending industry. Companies like LendingClub, OnDeck, Kabbage and Fundera made online lending platforms a standard. Each of these companies enables borrowers to more easily obtain a loan, while investors can purchase notes backed by payments made …

Customers

IOT Expected to Pull $6 Trillion In Investment By 2010

Investors are expected to have poured $6 trillion into the Internet of Things between 2015 and 2020, enterprise pulling the majority of this sum, …

Mashraq uses beacon technology to make financial life easier

In its latest fintech launch, the UAE’s Mashraq bank is deploying beacon technology to ensure its customers get the loyalty rewards they are entitled …

Customers

5 Disconnects Between Millennials and the Financial Management Industry

Millennials are notorious for their brief attention spans but they are thinking long-term about their financial futures. All advisors need to do is learn to communicate with them.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>The financial planning industry is facing a generational …

Financial Planning

Stop all the ‘hype’ talk. We’ve only scratched the surface with blockchain

Recently, there’s been a lot of talk about blockchain being all hype. From institutions like the University of Pennsylvania to tech-focused investment conferences, the blockchain discussion has begun to veer into what is starting to sound like an apology from the industry about what blockchain …

Internet Of Things Will Revolutionize Retail

• 70% of retail decision makers globally are ready to adopt the Internet of Things to improve customer experiences.<br>• 73% of retailers rate managing big data as important or business-critical to their operations.<br>• 78% of retailers say it is important or business-critical to integrate e-commerce and …

eCommerce

Financial Services Series: Getting Ready for PSD2, Open Banking & Beyond

PSD2 demo with Instant Payments and API economy

PSD2 explained in 2 minutes

PSD2: a threat and an opportunity for banks

19 August 2015 | 12468 views | 0<p>Erik Zingmark, deputy head, transaction products, wholesale banking, Nordea talks about the threats and opportunities …

How Can Banks in Europe Prepare Themselves for PSD2?

PSD2 (payment service directive) is expected to disrupt the European banking industry. The fundamental goal of PSD2 is to reduce cost and increase …

Open banking APIs – opportunities, challenges and uncertainty (blog)

There are increasing calls for the use of open banking APIs from industry groups and even the UK Treasury. Open banking APIs are also a key element …

Catalyst or threat? The strategic implications of PSD2 for Europe’s banks

Executive summary<p><b>The adoption</b> of the revised Directive on Payment Services (PSD2) has set the stage for open banking in Europe. By providing …

Banking

PSD2: An open opportunity

30 September 2016 | 11781 views | 1<p>James McMorrow, head of payment strategy, Lloyds Bank, believes it is time for financial institutions to choose …

Banks must become open platforms

It is close to impossible to predict how the future of financial services will look like in ten years. However, some scenarios are starting to stand …

Digital Marketing

Access to payment accounts under PSD2: which accounts are in scope?

<b>Arno Voerman, Van Doorne NV:</b> <i>Access to the account by third party service providers is a key feature of PSD2</i><p><b>What's new under PSD2?</b><p>The revised EU …

Interest Rates