Wondering when you should initiate that digital transformation we’ve all been contemplating? How about now? This week we learned what’s at stake in doing digital right – a 36 percent difference in ROE, to be exact. What else is on our digital radar this week? Read on.
Digitization: Doing Things Right Is Better Than Doing It All
Call it the 18 percent rule: Financial institutions that can reinvent themselves digitally stand to gain 18 percent in ROE. Those that fail to do so may see an 18 percent drop. While it isn’t hard to decide which end of that equation you’d like to be on, it can be difficult making the digital transformation work. Here are six strategies to help sort it out.
2016 Words of Wisdom: The CEO Edition
Does 2016 look better in the rearview mirror? PYMNTS shares some of the insights and events that they served up over the last 12 months – and how they affected the world of payments.
Why All Institutions Should Be Concerned about Risk
From the SWIFT Operations Forum Europe, Dr. Miriam Sinn, senior oversight expert at Deutsche Bundesbank, speaks about how prepared – or unprepared – the market is for cyber threats, and what can be done to continue working on cyber protection.
Digital Receipts Are the Banking Product We Need
For digital receipts to take hold they need to be integrated into people’s everyday lives and existing habits. To put it bluntly, this is not the current state of the art. Receipt management and PFM tools are so far off from a seamless experience that they’re nearly as messy as handling paper. But what if digital receipts actually delivered on their promise?
How Open APIs Are Reshaping the Future of Payments
“Open APIs are rapidly emerging as a vital cornerstone of the future of banking and payments services. Banks must move now to build them into their business – or face playing catch-up in the years to come.”