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Five Innovation Trends That Will Define Banking in 2019

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The global banking sector is becoming both more strategically focused and technologically advanced to respond to consumer expectations while trying to defend market share against an increasing array of competitors. A great deal of emphasis is being placed on digitizing core business processes and reassessing organizational structures and internal talent to be better prepared for the future of banking. This transformation illustrates the increasing desire to become a'digital bank'. The importance of innovation and developing new solutions that take advantage of data, advanced analytics, digital technologies and new delivery platforms has never been more important. We are seeing organizations innovate in targeting, expanding services, re-configuring delivery channels, delivering proactive advice, integrating payments and applying blockchain technology.


Top 10 Retail Banking Trends and Predictions For 2019

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Despite recent uncertainty in the financial markets, the economic outlook for the banking industry remains positive. Regulatory forces are encouraging innovation and new digital technologies provide opportunities to improve customer experiences. There are strong indications that banking organizations worldwide understand the primary trends impacting the industry as well as the actions that are needed to respond to competitive pressures. The question is whether banks and credit unions will prioritize the deployment of human and financial resources to respond to these changes. Will legacy financial institutions embrace change, take appropriate risks and disrupt themselves to meet the needs of consumers, small businesses and corporate customers.


Top 10 Retail Banking Trends and Predictions For 2019

#artificialintelligence

Despite recent uncertainty in the financial markets, the economic outlook for the banking industry remains positive. Regulatory forces are encouraging innovation and new digital technologies provide opportunities to improve customer experiences. There are strong indications that banking organizations worldwide understand the primary trends impacting the industry as well as the actions that are needed to respond to competitive pressures. The question is whether banks and credit unions will prioritize the deployment of human and financial resources to respond to these changes. Will legacy financial institutions embrace change, take appropriate risks and disrupt themselves to meet the needs of consumers, small businesses and corporate customers?


Insurance technology trends that are shaping 2020 - Board of Innovation

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As with every other industry, insurance is becoming more technologically advanced (and some may say, disrupted) by the day. Though the transformation is much too slow. There are several reasons for this, but one that may or may not surprise you is that insurers are struggling to attract and retain top-talent despite insurance being a multi-trillion dollar, high-growth industry. In the last three years, insurtech funding has increased by 60% in the US (from US$1.46 billion to $2.44 billion according to CB Insights), while it's more than tripled in Asia (from $140 million to $506 million). This may seem impressive, but it's also necessary.


Embracing Innovation in Government - Global Trends 2019

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An unprecedented technological revolution continues to disrupt the world around us. Changes are underway on a vast scale, with digitalisation transforming economies, governments and societies in complex, interrelated and often unpredictable ways. Government policies and practices have often not kept up with the speed of change. However, some at the edge of government innovation are using fantastic, novel solutions to solve today's challenges for the collective good. The OECD Observatory for Public Sector Innovation (OPSI) and the United Arab Emirates (UAE) Mohammed Bin Rashid Centre for Government Innovation (MBRCGI) partnered to conduct a global review that explores how governments are innovating and taking steps to make innovation a routine and integrated practice across the globe.