How traditional banks can thrive in a digitally transformed industry Spoiler alert: there will be no descriptions of motion-captured, super-intelligent chimps in this blog. However, there will be some discussion of seismic shifts in the world—just not done quite as dramatically as a big budget movie. Digital transformation is changing our world, disrupting the banking industry and other sectors in powerful ways. One key to surviving, and actually thriving in this new world, could be application programming interfaces (APIs). More...

Many technologies have come and gone over the past decades. Some were hyped concepts that flopped (beenz, anyone?). Others that started from humble beginnings became ubiquitous. While every technology faces its own adoption trajectory, the majority go through fairly predictable stages. The leap from niche to mainstream happens in what some strategists call the “bowling alley,” where a technology’s success in one industry (the lead pin) creates opportunities in tangentially related markets (secondary pins). More...

Two very important, but, in some respects, seemingly contradictory pieces of regulation are at the center of attention in the European financial world—the Revised Payment Services Directive (PSD2) and the General Data Protection Regulation (GDPR). Financial Institutions within the European Union already have a strong history in complying with new regulation. They know how to take new regulatory rules and translate them into business requirements, and they have the resources to do so. However, this time is different. More...

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