Innovation derives organization to grow, prosper & transform in sync with the changes in the environment, both internal & external. Banking is no exception to this. In fact, this sector has witnessed radical transformation of late, based on many innovations in products, processes, services, ...
The article presents the key aspects of the banking sector's development in the conditions of digitalization: trends in the development of digital technologies of banks as well as changes in business processes, banking products and services, service models and development of banks' own ecosystems occ...
At DBS, innovation is not limited to the technology we use; it’s embedded in our DNA. It’s reflected in the way we work and the customised solutions we create for our clients.
As we start 2024, federal regulators are heavily focused on digital innovation in the financial sector. The Fall Economic Statement contained long-awaited details on the federal government’s plan to establish consumer-driven banking (“Open Banking”) for the financial services sector. It co...
Congratulations to the winners of the Innovation in Digital Banking Awards 2020 — all have illustrated the art of the possible in digital banking. Undoubtedly 2020 has been a year of great change, as millions of employees and customers around the world had to make a dramatic shift from the ...
Addressing the second Annual Middle East Banking Forum in Dubai, Al Ghurair said banks should be quick to adapt to changes. “As banks we have always had to be creative to succeed, but in today’s digital environment innovation is more important than ever. Branches are still popular, and cu...
Part of our Banking, Financial Services, and Insurance Series This is an exciting time for banking and finance. After spending two years digitising core products and services to catch up with the consumer’s growing appetite for digital [1], firms in the sector are ready to innovate and maxim...
dramatically improving performance at a reduced cost. Although some sectors (such as banking, media, and tourism) have already made great strides in digital adoption, the industrials sector is lagging. However, companies are quickly approaching an inflection point, with front-runners poised to achiev...
Digital innovation in banking offers potential rewards and losses. Where banks stand Globally, more innovative incumbent banks and financial institutions are moving rapidly to embrace digital. Most have invested heavily in transaction migration. They have also significantly upgraded web and mobile ...
In the digital economy, traditional and linear value chains with limited partner engagement are now giving way to scaled-up, integrated ecosystems that use software platforms to deliver value, create resiliency, and foster innovation through connected products, assets, people, and processes. For exampl...