BANKING IN THE DIGITAL AGE DISRUPTION REINVENTION REVOLUTION

June 5, 2018

The Global banking Outlook 2018 published by Ernst & Young states a complete digital transformation is imperative for banks to protect themselves from “the impacts of future downturns on financial performance and business continuity”. It states that banks need to channelize investments on “end-to-end processes and infrastructure” to improve efficiency of the entire organisation instead of investing in specific projects, especially customer-facing interfaces. In 2017, the UN Environment Programme Finance Initiative convened 16 leading banks from four continents to publish a jointly-developed methodology for an increased understanding of climate change and impact of climatic actions on business for banks.

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irstCash has over 2,000 retail and consumer lending locations in the U.S., Mexico, Guatemala and El Salvador, making us the global leader in operating pawn stores.

OTHER WHITEPAPERS
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The digital finance mandate: Transforming the office of finance in financial services

whitePaper | June 14, 2022

For the last few years, Financial Services CFOs and their finance teams have been tasked with implementing a digital finance department. While some moved ahead and made significant improvements to legacy systems and processes, many pushed off projects or made small improvements.

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IBM Cloud for Financial Services

whitePaper | March 29, 2023

Today, the financial services industry faces numerous disruptive forces, including ever-increasing customer demand for innovative and personalized services; intense competition from technology companies, fintechs and incumbents; rising regulatory pressure; increasing cybersecurity threats; and the need for skilled talent to address all the above.

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NAVIGATING CRYPTO: How financial intermediaries can integrate cryptoassets

whitePaper | June 7, 2022

When the Bitcoin protocol came into existence in January 2009, it was introduced as a peer-to-peer version of cash that would eliminate the need for financial institutions and other trusted intermediaries. Many of the early adopters of Bitcoin and other cryptoassets that have come since have viewed these innovations as a means to disrupt the traditional banking system.

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A Guide to 3-D Secure 2.0 Payment Security

whitePaper | November 25, 2021

With a global e-commerce market value nearing $5 trillion in 2021, online shopping is no longer a short-lived trend but the norm. The advance of widespread internet connectivity combined with the proliferation of mobile devices has increasingly driven consumers to shop online in recent years. Now, amplified by the need for safety in the wake of a global pandemic, retailers have seen an unprecedented surge in e-commerce sales with U.S. consumers spending $791.70 billion online in the U.S. in 2020, up an incredible 32.4% from $598.02 billion the prior year.

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CryptoUnity: Start Simple, Stay Secure

whitePaper | May 17, 2023

Cryptocurrencies are a type of virtual currency that are secured with cryptography and exist only in digital form on our computers and smart devices, such as mobile phones, tablets, etc. They allow users to trade easily and quickly, as the execution of a transaction, anywhere in the world, usually takes only a few seconds or minutes. Cryptocurrencies are becoming more popular and interesting for new users each day. Additionally, the blockchain technology itself is gaining popularity, which, besides the creation of cryptocurrencies, offers enormous opportunities for the progress and upgrade of many industries. Therefore, the number of users and the size of the market itself is growing steeply each year. Despite the market growth and the increase in the number of users, centralized exchanges still face challenges, one of the biggest of which is definitely that users have to blindly trust them with their funds.

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Challenges and opportunities of the metaverse in the financial services

whitePaper | March 24, 2023

Experts agree that the metaverse, from both a technological and also a business perspective, still has a long way to go before reaching its full potential. Some sources, including Meta founder Mark Zuckerberg himself, estimate that it will take a minimum of ten years before his promise will be fulfilled. According to Gartner, only one in four people will spend an average of one hour per day in the metaverse by 2025 and only 30% of companies will have products or services ready for this new space.

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Cash America Pawn

irstCash has over 2,000 retail and consumer lending locations in the U.S., Mexico, Guatemala and El Salvador, making us the global leader in operating pawn stores.

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