A Perfect Storm of Opportunity in Mobile Banking

It’s been a decade since the Apple iPhone’s App Store came online, bringing with it an entirely new engagement channel for businesses, and changing how consumers everywhere interact, play, and shop. The intervening time has seen cycle after cycle of explosive mobile fragmentation, followed by consolidation. Standalone apps launched for every

HSBC highlights the six new banking careers of the future

HSBC is preparing for the ongoing revolution in banking, highlighting six new types of jobs that will be necessary to forge a career in a digitally-enabled financial services industry. The global bank, which recently committed to a $17 billion tech spend as part of a new growth strategy, is currently recruiting

EBA warns big banks falling behind on tech

Incumbent banks with bad loans and legacy systems risk being left behind by less encumbered challengers, according to the European Banking Authority (EBA). The European banking watchdog assessed FinTech risks and opportunities in the sector, stating that problems are “particularly challenging for some large complex incumbents” which have “a very

Remaking the bank for an ecosystem world | McKinsey & Company

 Global banking-industry performance has been lackluster. Now comes the hard part: the rise of nonbanking platform companies targeting the most profitable parts of the banking value chain.   The global banking industry shows many signs of renewed health. The recovery from the financial crisis is—at long last—complete, capital stocks have been replenished,

Financial heavyweights pour scorn on bitcoin

Some of the biggest names in finance have lambasted the bitcoin market and poured scorn on the meteoric rise of the digital currency, calling it one of the "greatest scams" in financial history. Renowned fund managers including investment guru Mark Mobius and Davide Serra, the founder of UK hedge fund Algebris Investments, have likened the bitcoin market