Financial Management, Fintech

RAPID GROWTH ATTRACTS SMART CAPITAL

October 1, 2022

RAPID GROWTH ATTRACTS SMART CAPITAL
Africa has enjoyed an earlymover’s position in the application of fintech in effecting financial inclusion and economic transformation. The success of the continent’s mobile money revolution caught the world’s attention over a decade ago, bringing into sharp focus the potential inherent in the combination of finance and technology – with innovation and empathy.

Spotlight

NORD/LB

With total assets worth 164 billion euros and 6,450 employees, NORD/LB is one of the ten biggest banks in Germany. Its registered offices in Hanover, Magdeburg and Braunschweig prove that the bank has retained its roots in the federal states of Lower Saxony and Saxony-Anhalt, which hold legal and economic responsibility for the bank. As a commercial bank, NORD/LB provides an attractive and comprehensive offering of financial services to private, corporate and institutional customers as well as to the public sector, in Northern Germany and well beyond this core region. For example, NORD/LB participates in the structured financing of international projects, particularly in the areas of energy, infrastructure, shipping, aircraft and real estate.

OTHER WHITEPAPERS
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Unfairness and Discrimination Examining the CFPB’s Conflation of Distinct Statutory Concepts

whitePaper | June 28, 2022

The American Bankers Association, the Consumer Bankers Association, the Independent Community Bankers Association, the U.S. Chamber of Commerce (the Associations) and our members oppose discrimination in any form and seek to treat all customers fairly. Banks are committed to serving the families and businesses in their communities and proudly supply the financial products and services that provide important economic opportunities for individuals, families, and small business owners. It follows that banks support fair, objective, and transparent enforcement of civil rights and fair lending laws. However, we cannot support the CFPB's recent actions, taken without legislative authority, to extend fair lending laws beyond the bounds carefully set by Congress.

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The Power of Ecosystems for Banking

whitePaper | July 15, 2022

The rise of Banking as a Service (BaaS) and real-time payments (RTP) are pushing the era of digitalization to new heights, where interconnected ecosystems and the instant exchange of data are the norm. Until now, banks and other players have largely implemented piecemeal solutions on top of existing legacy core systems. This has led to extremely expensive and complex back-end systems—with lots of time and money spent trying to create interoperable services at the application level. With the move to fully interconnected ecosystems, stakeholders will have to re-think their core systems at the most fundamental level. Achieving this will be difficult, but the rewards are great. Infrastructure-level connectivity can enable banks and other players to benefit through the monetization of customer data that will provide new insights for services that can only be developed based on a fundamentally networked infrastructure.

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Shaping the Future: Artificial Intelligence for Financial Services

whitePaper | November 11, 2022

The world is entering a golden age of artificial intelligence (AI). Financial services, more than almost any other industry, stands poised to reap the benefits. The combination of advanced compute resources, abundant data, and new software development and business practices are transforming how insight, analysis, and new products and services are generated.

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Choosing a digital experience platform (DXP) for insurers

whitePaper | November 21, 2022

This white paper examines the challenges facing insurers in a rapidly changing marketplace. It focuses on the threat from insurtechs and other digital challengers, the emergence of new business models and technologies, and how customer expectations have changed.

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Harnessing the Power of Conversational AI to Transform Customer Experience in Banking

whitePaper | July 24, 2022

If there’s one thing that banking customers need the most, it’s their trust in the bank. After all, we’re talking about huge amounts of money that customers invest. On the other hand, it’s very difficult for the banks to handle the daily queries of millions of customers who need answers 24x7. So, what’s the workaround?

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The business value of ServiceNow for retail banks

whitePaper | December 12, 2021

Banks typically approach transformation in part by reengineering their own internal business, IT, and operational processes either in ad hoc ways tied to direct response to some tactical problem or over longer time frames based on carefully planned out strategic planning. Recently, however, this transformational process has taken on a new urgency, and certain projects that were targeted to take a year or two have needed to be accelerated to meet our rapidly changing banking environment. Even the need to respond to today’s tactical challenges needs to be viewed through the long lens of transformation. As banks begin their process of recovery, projects that provide immediate return on investment (ROI) and help develop resilient operations, improve customer experiences, or improve compliance through improved service management will become critical to how quickly banks can recover from periods of economic disruptions, now and in the future.

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Spotlight

NORD/LB

With total assets worth 164 billion euros and 6,450 employees, NORD/LB is one of the ten biggest banks in Germany. Its registered offices in Hanover, Magdeburg and Braunschweig prove that the bank has retained its roots in the federal states of Lower Saxony and Saxony-Anhalt, which hold legal and economic responsibility for the bank. As a commercial bank, NORD/LB provides an attractive and comprehensive offering of financial services to private, corporate and institutional customers as well as to the public sector, in Northern Germany and well beyond this core region. For example, NORD/LB participates in the structured financing of international projects, particularly in the areas of energy, infrastructure, shipping, aircraft and real estate.

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