We are not a digitally native company, but we are doing the transformation step by step, to transform our processes, organisation, culture, tools and technologies. Q7: Looking ahead, what do you see as the future of the financial services sector? A: Financial institutions must learn how to provide services and products more quickly.
In China, there is a bank that can provide a new product in a record 10 days, from generation of the idea to product launch. You cannot provide these services on your own; that is what Open Banking has called for. We also have to change the mindset of dealing with risk management from the traditional way to the new way. I think this is the way of the future. We think that the technologies are ready and financial services must learn how to use them more efficiently.
This is one of the reasons why we held this conference, we want to build a platform where all the different financial organisations can share their ideas.
How solid states beat hard choices — and why the financial sector is implementing all-flash storage. Latest News. The Future of Intelligent Finance.
Share Story:. Your browser does not support HTML5 video. Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud.
Click here to find out more. Popular Recent 1. It has decided on a two-stage launch following the technical problems experienced by Abbey National's internet offering Cahoot when it went live last month. The internet offshoot has described its target customers as year-old "ABC1s" with families as opposed to twenty- and thirtysomethings, though it has adopted the Fatboy Slim dance hit Right Here, Right Now as the theme music to its forthcoming television commercials to fit in with its "futuristic, upbeat" image, said the chief executive of Intelligent Finance, Jim Spowart.
However, the Intelligent Finance rate beats that paid by Smile and First-e. Some commentators were struck by the similarity of Intelligent Finance's initial mortgage offering to the flagship home loan offered by Standard Life Bank, of which Mr Spowart was chief executive until last autumn. Intelligent Finance's deal is a flexible home loan with a 1. Co-op snaps up best part of 4. Share or comment on this article: Future uncertain for Intelligent Finance as internet bank is dropped from Co-op-Lloyds branches deal.
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Then join the club, says MR
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