transaction banking

Instant payments more mainstream than ever, but at what cost?

It’s no secret that mobile banking and cashless payments have become engrained in everyday life. We’re now routinely accessing our bank accounts, making deposits, checking balances and paying friends and family using our mobile devices. In fact, the World Payments Report 2017 study from consulting firm Capgemini and BNP Paribas states that digital payments worldwide […]

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Reviving personalized banking with transaction data

Digital transformation is one of the biggest shifts in core banking fundamentals in the past few years – and for more reasons than you might realize. Before digitization, banking was done solely in the local branch. Bankers worked with their customers face to face, building relationships by learning about each individual customer and their unique […]

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Transacting in real-time: IBM launches new payment systems with Zelle

The speed of change occurring today in the American payments ecosystem is unprecedented. Think of all that has happened in the last 18 months: Earlier this year the Federal Reserve released the second part of its long-anticipated report from its Faster Payments Task Force. The report outlines a path to modernizing the U.S. payments network […]

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The new IBM Z and IBM DS8880: Mainstays in financial services data centers

Deep changes are sweeping the financial services industry. Lofty expectations by millennials, FinTech upstarts, stinging memories of the financial meltdown, and a growing body of stringent regulations are just a few causes for industry-wide upheaval. Despite the changes, though, there are some constants; look at the data foundations at financial institutions and you’ll find that […]

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Gain a First-Mover Advantage on Europe’s New Payments Market with Value-Added Services

Ask almost any banker about the adoption of the revised PSD2 directive and responses range from uncertainty to outright dismay. Many banks are concerned that PSD2 is a cost center that will compromise client relationships and security. Setting the stage for open banking, PSD2 is meant to promote innovation, where new business models emerge and […]

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Blockchain and Banking: It’s good and getting better

As my IBM colleagues and I prepare for next month’s Sibos in Geneva, I’m reminded of the saying: “The best is the enemy of the good.” Its roots go back to an Italian proverb, but it was popularized by the French philosopher, Voltaire. Perhaps nowhere does this saying apply as well as it does to […]

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Blockchain and the reinvention of enterprises, ecosystems and economies

Having grown up in India, I have first-hand experience on how complex real estate transactions can be to execute. The number of participants that are required to be involved across banks, insurance companies, brokers, land registries, government tax authorities, and other intermediaries is incredible, not to mention the ever present danger that the seller of […]

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Banking on a Cognitive Business

Calling all rainmakers, catalysts and change agents.  Now is the time to bank on a cognitive business! Let’s see what cognitive banking means. In the face of stiff headwinds still being felt from the financial downturn, the rise of the FinTech disruption and internal cultural resistance, we are starting to see winning organizations wade through […]

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