Search Results for: P2P
A Positive View Of The Future Of Cash!
Dr. Johannes Beermann, Member of the Executive Board of the Deutsche Bundesbank spoke about the future of cash at the Payment Asia Summit. Shenzen, China. As the member of the Executive Board of the Deutsche Bundesbank responsible for cash management, I arguably very much represent what many of you may consider the “”old world of … Continue reading “A Positive View Of The Future Of Cash!”
APRA seeks to modernise prudential standard on credit risk management
The Australian Prudential Regulation Authority (APRA) has proposed updating its prudential standard on credit risk management requirements for authorised deposit-taking institutions (ADIs). Credit risk refers to the possibility that a borrower will fail to meet their obligations to repay a loan, and is usually considered the single largest risk facing an ADI. APRA has released … Continue reading “APRA seeks to modernise prudential standard on credit risk management”
Finance Sector Must Address Trust Deficit
The banking royal commission has caused a massive erosion of consumer trust in financial services – and it’s up to the industry to stop it, according to a new survey, via InvestorDaily. New findings from a survey by financial services marketing agency Yell and research firm Ipsos, conducted in June during the royal commission, has … Continue reading “Finance Sector Must Address Trust Deficit”
U.S. Mobile Payments Survey Shows Banks Still Trying To Catch Paypal
JPMorgan Chase & Co. has work to do if it wants Chase Pay to have the same kind of customer adoption as PayPal Holdings Inc.’s digital wallet, based on the results of a recent survey commissioned by S&P Global Market Intelligence. About 39% of the individuals that used a mobile payment app to pay for an in-store … Continue reading “U.S. Mobile Payments Survey Shows Banks Still Trying To Catch Paypal”
Alternative Lenders Are Driving The Personal Credit Market
Household debt in Australia continues to rise. But the strongest growth at 15%, is found in the sub prime Alternative Lending Personal Credit sector. So it is worth considering the personal credit market holistically. Drawing data from our cure market models we estimate total personal credit to the ~9.2 million Australian households currently amounts to … Continue reading “Alternative Lenders Are Driving The Personal Credit Market”
Peer to Peer – Scale and Scalability
From BankUnderground. Peer to Peer (P2P) lending is a hot topic at Fintech events and has received a lot of attention from academia, journalists, various international bodies and regulators. Following the Financial Crisis, P2P platforms saw an opportunity to fill a gap in the market by offering finance to customers and businesses struggling to get … Continue reading “Peer to Peer – Scale and Scalability”
Fintech’s Digital Disruption In Five Scenarios
The BIS task force has developed five scenarios which highlight how Fintech disruption might play out, in a 50 page report “Implications of fintech developments for banks and bank supervisors.” Bankers will find it uncomfortable reading! Under the The Bank For International Settlements (BIS) five scenarios, the scope and pace of potential disruption varies significantly, … Continue reading “Fintech’s Digital Disruption In Five Scenarios”
Mobile-First Digital Banking Strategy Takes Hold In The Midwest
From S&P Global. Banks across the U.S. are adopting a mobile-first strategy for their digital offerings, and the Midwest is no exception. U.S. consumers value their mobile bank apps more than ever, and expectations for these products are growing increasingly sophisticated. Once-novel mobile features such as photo check deposit and bill pay are now table … Continue reading “Mobile-First Digital Banking Strategy Takes Hold In The Midwest”
Global inequality is on the rise – but at vastly different rates across the world
From The Conversation. Inequality is rising almost everywhere across the world – that’s the clear finding of the first ever World Inequality Report. In particular, it has grown fastest in Russia, India and China – places where this was long suspected but there was little accurate data to paint a reliable picture. Until now, it … Continue reading “Global inequality is on the rise – but at vastly different rates across the world”