One of the fastest-growing segments of the financial services industry is the movement of retail banking customers from traditional banking solutions to new digital banking service providers. To be fair, some of these “new” digital banks are actually just the traditional banks with a new shape and format, and sometimes even a different name.
While the Internet has certainly flattened the playing field for merchants that want to open an online storefront, it has not freed them from many of the same regulatory obligations that larger, more established firms must meet. This can only serve for optimal business development scenarios in an ever-evolving digital economy around the globe.
The decision to pursue Brexit was hardened when the British electorate re-elected Boris Johnson with an overwhelming majority. This was a turning point for the UK and led to a number of reaffirmations which however were made when no one has even thought about that months later we will be living in a world shadowed by Covid-19.
As more companies move their core operations online, the questions of data privacy and data security and how to handle them from an institutional standpoint
Digital banking is not only expected to ultimately displace traditional banking when it comes to most retail aspects of finance management.
While business often moves much faster than normal life, the digital revolution has put it into virtual warp speed. How merchants are moving forward?
Few people have questioned whether e-commerce was the way of the future when it came to retail and shopping, but even fewer have asked what this brave new world will look like.
Agile businesses adapt to the times, providing the market with needed services as they arise as well as new opportunities. This second aspect, helping clients realize new opportunities, is increasingly displacing the traditional model of banking facilitated capital allocation.
It’s amazing how many efficiencies online services bring to daily life. It’s especially bewildering when you consider how, culturally, many of the things we take for granted today were largely unheard of just decades ago.
The novel coronavirus pandemic is throwing multiple industries into disarray. Basically, any market operation that requires face-to-face interaction, like dating and dating-related businesses, is having a challenging if not an existential crisis. But that is not going to be a permanent state as we can presume and many are pivoting…
The news that German payments and digital banking firm Wirecard was insolvent sent shockwaves through much of the industry but, as with any corporate scandal, the contours of this one are already quite well known. Compared to entities like Enron and Worldcom, it would seem that Wirecard had engaged in…
The COVID-19 pandemic is calling all of our former notions of what is normal into question. And one area that is particularly impacted are the health and beauty industry. Long reliant upon brick-and-mortar locations and person-to-person interaction, e-commerce in the health and beauty industry is more a matter of changing…