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December 12, 2012

In this report Celent gives an overview of the most interesting trends in Retail Banking. The focus is US, but some trends are also interesting for Europe and for Commercial Banking:

1. Celent sees opportunities for banks in the area of mobile payments, coupons, merchant funded rewards and local GPS-based offers. However the US market has a bigger focus on coupons etc. this trend could become interesting for the European market.
2. The rise of the mobile channel brings the need for banks to come up with a holistic view on their digital channels. Silo thinking will lead to extra cost.
3. Celent considers “Big Data” as a hype. Banks should focus on “Bank Data”. This will bring more opportunities specially on the short term.

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February 8, 2012

Oliver Wyman has launched our 15th annual State of the Financial Services Industry report, The Real Financial Crisis: Why Financial Intermediation is Failing. The report examines what can be seen as a failure of the financial system’s intermediation of borrowers and savers: its causes, impacts and implications for financial institutions, including banks, insurers, pension funds, investors and policy makers.

April 4, 2012

Over the last decade, financial institutions around the world have begun to adopt modern core banking systems to support and upgrade their products and services and survive in an ever-more competitive banking climate. Banks are increasingly looking toward modern solutions to overcome constraints in their existing environments. The degree of core banking adoption varies across geographies, with most developed countries having already gone through legacy transformations decades ago.

March 14, 2012

Innovative nonbank startups are targeting the consumer market and competing with banks.

March 7, 2012

Core banking is the central processing unit of a bank. Banks, with the help of software vendors, have found the opportunity to leverage multiple channels in order to deliver products and facilitate transactions. What was once a system heavily reliant on paper-based operations has now been revolutionized by digital alternatives, bringing a new wave of automation. Efficiency and increased productivity are the standards. Branch networks are increasingly able to utilize the cohesive properties of new core systems.

March 7, 2012

A core banking system forms the central unit of a financial institution, and banks around the world have realized the importance of a specialized system in improving their processes, productivity, and profitability.

February 16, 2012

Core banking is the central processing unit of a bank. Banks, with the help of software vendors, have found the opportunity to leverage multiple channels in order to deliver products and facilitate transactions. What was once a system heavily reliant on paper-based operations has now been revolutionized by digital alternatives, bringing a new wave of automation. Efficiency and increased productivity are the standards. Branch networks are increasingly able to utilize the cohesive properties of new core systems.

February 22, 2012

Financial institutions will spend US$504 million globally on anti-money laundering software in 2012. Celent profiles 22 vendors of AML packages for large, medium and small firms.