The future of local banking services and access to cash

August 8, 2022

Technological and social change have led to decreased reliance on both physical cash and traditional bank branches. While cash accounted for 45% of all payments in 2015, five years later it was used in only 17% of transactions in the UK. The coronavirus pandemic reinforced this tendency. Similarly, the number of bank and building society branches in the UK fell by about 34% between 2012 and 2021.

Spotlight

Weeden Prime Services, LLC

Weeden Prime Services (WPS) is a technology-powered prime brokerage business focused on providing institutional quality services to hedge funds and family offices. With a focus on capital raising and cutting edge technology, WPS has successfully created an ideal platform which clients can leverage to substantially grow their businesses. WPS offers a comprehensive global platform that includes dynamic proprietary risk management and analytics technology (Armor), automated allocation technology and sophisticated portfolio reporting. These tools allow clients to effectively manage their complex trade and allocation demands. WPS has assembled a team with deep domain expertise in the design and implementation of these tools and has earned a reputation for streamlining the adoption of these systems by its clients.

OTHER WHITEPAPERS

Revolutionizing Instant Payments with MongoDB

whitePaper | July 10, 2023

The payment industry is experiencing a revolutionary shift, with traditional transaction timelines reduced from days to seconds. As a result, the demand for instant payments has prompted these institutions to reassess their innovation priorities and shift their focus towards the underlying data infrastructure that powers these lightning-fast transactions.

Wexo WHITE PAPER

whitePaper | August 8, 2022

We have built a platform that can address the constraints of conventional financial institutions through the use of technological innovation. We see cryptocurrency as a means of the future and a catalyst for the creation of an open financial system. An open financial system should not be controlled by any country or company. It is the best way to bring more economic freedom, innovation, efficiency and equal opportunities to the world.

Real-Time Risk Management for Banking

whitePaper | February 21, 2020

Does a “regular” bank that does not deal in complex instruments still need real-time risk management? To date, banks have generally accepted having risk analyses available one or two days after the fact. And for years, they have made ends meet with this delayed risk insight. So why invest in something new? Why rock the boat?

5 Ways Finance Can Overcome Their Toughest Data Challenges

whitePaper | September 9, 2022

Primarily responsible for the cash flow and financial trajectory of a company, Finance leaders have a tough job— one that’s not getting any easier.

DRIVING SALESFORCE FINANCIAL SERVICE CLOUD ADOPTION AT BANKS

whitePaper | September 29, 2022

While it may seem like common sense alone would influence end users to adopt the superior FSC tools that you are rolling out, we see many clients underestimate end user resistance.

CORPORATE BANKING MARKET SCAPE – BEYOND 2020

whitePaper | February 10, 2020

With corporate treasurers already adopting open banking in a strategic move to create further value in their organizations, it is now time for financial institutions (FIs) to both align their future product and servicing roadmaps to those of their clients, as well as begin to embrace the opportunities that present themselves in the open digital ecosystem.

Core Banking

The future of local banking services and access to cash