By using new data sources and employing up-to-date machine learning technology, online loan provider Kreditech hopes to better understand applicant’s financial situation and personality.
Brex is a corporate card company that uses bank information to make real-time data-driven decisions about the credit limits that it should set for start-ups and other small businesses. This helps minimize financial risk while increasing the revenue that the company receives as a card issuer.
Revolut is a digital invader in retail banking. Are established banks well positioned to protect their lucrative position? A heavy anchor of branch network can let them down.
How the shift from branches to online is helping large banks dominate in digital acquisitions, underwriting analytics, and digital-first branch cafes.
Can Lending Club disrupt the personal lending marketplace?
Financial inclusion services reminds us in order to achieve a successful digital transformation, having a proper contextual understanding is as important as developing the technology itself.
Can ABSA maintain its position as a large player in the South African banking industry as it faces increasing competition from digitally-enabled players with strong data analytics capabilities?
Can incumbent financial services firms avoid disruption by new entrants?
As mobile payments and blockchain tech challenge the status quo of cross-border money transfers, Western Union must digitally transform itself at the right pace… or risk going the way of the telegraph.
In early 2017, Lloyd Blankfein (Goldman Sachs CEO) stated “We are a technology firm. We are a platform.” Goldman Sachs still has a long way to go, but is taking steps in the right direction to effectively employ digital technologies. What does this mean for the future of the traditional investment banking industry? Is human capital still a bank’s greatest asset?