Our world today is entirely unlike the fantasy world of Harry Potter, where a goblin-controlled cart takes you through miles of tunnels under the City of London to your personal vault. No, we’re in a far more complex place now. The banking system is now based around services and digital…...
Four Clues To The Future Of Financial Services Firms And Fintech
As I write this, I can’t help thinking about what my ‘new normal’ looks like. The less than perfect moments involve me turning around and yelling at the dog to stop barking at the rare person who goes past our front door; he is both interrupter and sometimes star of…...
How has productivity and efficiency been impacted by the coronavirus crisis?
To support its membership of over 100+ banks, insurers and asset managers with responding to the challenges posed by COVID‐19 (coronavirus), ORX has hosted two discussion calls each week where senior operational risk professionals meet to share insights, ideas and practice. The consensus view is that productivity within operational risk through the…...
The Future Of Fintech: The New Normal After The Covid-19 Crisis
The “new normal” in banking and fintech is best understood by starting with a look back at what the “old normal” was. The Old Normal: Fintech Fetishism The Oxford dictionary defines fetishism as “worship of an inanimate object for its supposed magical powers.” That’s a good term for how many people have…...
The Changing Role and Responsibilities of the CFO, during a Time of Crisis
These pandemic times are resulting in a shift not only in how teams collaborate and how the global workforce is going to plan the Future of Work, it is creating a transformation within various roles. Sales leaders and salespeople need to imbibe certain traits and skills to keep revenue coming in during…...
How can fintech rise to the new D&I challenge?
The Black Lives Matter movement has ensured diversity is now firmly on the risk register – where it always should have been – for business leaders everywhere. But although we’re now seeing swift reactions and the internet covered with statements and pledges, it will be in six-to-12 months’ time…...
How FinTech can be the pathway to elevating your career
For some years now the financial services space has become heavily focused on Financial Technology (FinTech). Many entrepreneurial startups have entered (and disrupted) the space, and for the incumbents, the benefits that platform modernisation and transformation bring to their services have allowed them to build competitive differentiation. In Australia alone,…...
4 of the Latest Trends in Recruitment
The last decade has shown some rapid changes in recruitment as companies have fully embraced technological advances. These advances empower recruiters and shape their strategies in hiring the best candidates. The most prevalent change is the shift from phone screenings and paper resumes to video interviews and skills assessment. Still,…...
The future of fintech is networked, not hierarchical. How coronavirus will usher in a new digital age, and what you can do to prepare for it.
Old, hierarchical institutions have shown they lack resilience to coronavirus. Their large properties, huge ivory towers designed to be both imposing and reflect their status, are dragging them down. They struggled to adapt to a digital world, let alone digital 2.0, or the coming digital 3.0. The future is one…...
The Importance of a Digital Financial Ecosystem in 2020
When previously it was frowned upon to be addicted to your smartphone and encouraged to have a sense of balance with technology, now having full access to the world in the palm of your hand is a must, Digital Financial given ongoing stay-at-home orders that limit human contact and increase reliance…...
COVID Continues: What are the Pandemic’s Lasting Effects on Fintech?
After COVID-19 has held a grip on the world for most of this year, it’s hard not to see everything through the lens of the pandemic: in the industrial, technological, medical, educational and financial worlds–as well as in our personal lives–the pandemic has colored everything. The virus has been around…...
Boost to Fintech in Response to Coronavirus
The Coronavirus pandemic is proving to be the boost needed for fintechs to gain traction with consumers who have been hesitant to move their finances online. With prolonged social distancing measures and lockdowns around the globe, the world is getting a crash course on why accelerated fintech adoption is necessary.…...
Banks and fintechs need each other more than ever
The coronavirus pandemic has greatly strained financial services providers and even fintechs, despite their digital prowess, have not been immune to the economic downturn. With the exception of some of the largest providers, the vast majority of fintechs don’t have the benefit of mature customer bases to help weather the…...
Bank Of The Future: How Banks And Fintechs Are This Decade’s Unlikely Duo
Rewind the clock (to say 35 years ago from today) and cinemas were opening for the first time to the iconic time-traveling antics of Back to the Future. Looking at Doc and Marty and knowing their contrasting personalities – one an eccentric inventor and one a streetwise kid – you wouldn’t think their…...
When FinTech Goes Free-Range
Fintech started as tech for financial firms, but the needs of consumers for other money-related activities had already started to broaden its range. Will COVID-19 and a recession mean a retrenchment or an expansion for broader consumer fintech? The history of fintech is long, centuries even, depending on what you consider “technology.” Even…...
What does survival of the fittest mean for fintechs in a post-COVID-19 world?
Coronavirus (COVID-19) is an unprecedented test of the resilience of businesses large and small. The crisis has plunged vast swathes of the global economy into a deep freeze. But when the markets thaw, will the world will be a different place, or will we fall back into existing trappings? Many…...
