Tag "bigtechs"
Banks View Tech Giants as Their Biggest Threat
Banks are growing increasingly concerned about competition from technology and e-commerce disruptors, with firms like Google, Facebook and Microsoft being now perceived among their biggest competitors in the next five years, a new study conducted by Economist Impact and commissioned
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Banks Must Gear Up for Upcoming Data-Intensive Era, Experts Say
Changing customer expectations, the rise of big techs, and COVID-19 are accelerating banks’ digital transformation, forcing them to upgrade their infrastructure to meet the requirements of the data-intensive era, experts said. At the Huawei APAC FSI Data Storage Summit virtual
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As Challenger Banks Grow In Popularity, Incumbents Must Innovate
Using technology and digital channels, challenger banks are reimagining banking, delivering superior digital customer experience and challenging incumbents to reinvent themselves. These are growing in importance and incumbents must “transform themselves from slow moving caterpillars to agile butterflies,” according to
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The Need for APAC Banks to Reinvent Themselves
Consumer banking is rapidly changing in Asia-Pacific (APAC) and banks must reinvent themselves amid changing regulations, emerging technology, elevated client expectations and the entry of disruptive competitors, according to a new article series by EY. Changing regulations The banking
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Asia: 100 Insurtech Companies and Counting
Advances in digital innovations and cutting-edge technologies as well as evolving customer preferences are creating the need for digital agility in the insurance sector. Insurtech, a subset of fintech that refers to the use of technology innovations to squeeze out
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