The digital world presents challenges for traditional banks to remain relevant. A major European retail bank underwent a digital strategy overhaul to combat competition from fintech companies. The revamp included understanding customer needs, developing new mobile apps, and partnering with innovative fintech firms. As a result, the bank increased revenue by 15%, improved customer retention by 10%, and reduced costs by 9% in two years. Check out our latest case study to get the full story.
https://www.jaspercolin.com/insights/research-series/branches-to-bytes-a-bank-s-digital-evolution#JasperColin#digitaltransformation#fintech#banking#financeindustry
Curious about how a European bank transformed its SME lending with data-driven insights?
Learn how they leveraged open banking data to enhance credit assessment and drive profitability in our latest post!
Data is the new currency in lending, and the results speak for themselves.
Dive into the full report to uncover the impact on loan approval rates, lending volume, customer base expansion, and more.
#JasperColin#DatatoDecision#CreditRiskAssessment#DataAcquisition#FinanceIndustry#FinancialPerformance#SME#Banking
The Future of Banking? Exploring the Potential of Agency Banking
Use Arttha's Agency Banking solution to grow your company. Improve financial inclusion by giving your consumers easy access to banking services, even in remote locations, by utilizing agents to deliver smooth banking services that facilitate real-time transactions, account management, and more.
#bankingservices#Banking
Visit at: https://www.puresoftware.com/arttha/agent-banking-solution
Explore PureSoftware's Agent Banking Solution for seamless agency banking services. Empower your institution with cutting-edge technology for efficient agent banking.
Cyber warfare intensifies globally, with financial services bearing the brunt in 2023. Attacks included major ransomware breaches like LockBit on BSI and ICBC's ransomware disrupting US Treasury trading. The banking sector faced unprecedented challenges, with 68% of global banks hit by major cyber-attacks and staggering financial losses of $5.9 million per incident.
#Jaspercolin#datatodecision#FSInsights#Marketresearch#banking#cyberwarfare
The private equity industry is currently experiencing an optimistic outlook, with major players foreseeing a prosperous deal landscape in 2024. Notably, the Big 4 PE firms have seen a significant increase in their average net positivity scores, indicating heightened optimism. This positivity is supported by forecasts of robust M&A and IPO activity in 2024, coupled with a strategic shift towards diversified investments and a focus on income, inflation protection, and growth assets.
#Jaspercolin#datatodecision#FSInsights#Marketwatchdog#privateequity#duediligence#financeindustry#banking
US Banks are facing challenges as they warn of lower interest income due to deposit cost pressures and a slowdown in loan growth. Major banks reported a steep decline in net income in Q4’23, with rising interest rates increasing payouts to depositors and elevating default risks for loans. The Federal Reserve's firm stance led to 11 interest rate increases since March 2022, maintaining rates at 5.50%. Projected industry ROE declines reflect profitability expectations for 2024 amidst higher inflation and technology investments. Jasper Colin Solutions offer AI-powered due diligence, research-backed insights, and technology-powered data analytics to enhance performance amid higher rates, optimizing net interest margins and credit quality.
#Jaspercolin#datatodecision#FSInsights#Marketwatchdog#Banking#duediligence#finance#USbanks
Climate Change's Subtle Assault on Financial Institutions
Explore Jasper Colin's study on AI-driven solutions for financial institutions and global investors, addressing the resilience gap through risk assessments, data-driven strategies, technology...
Amidst a storm of challenges-rising rates, bank failures, and Fitch downgrade of the U.S., the banking sector faced yet another blow with Moody's downgrade of 10 small and medium U.S banks. As storm clouds gather, the need for AI-enabled intel to enable right due-diligence presents a beacon of hope. Read Jasper Colin's recent study on the downgrade story that shook the U.S. banking Sector in the August of 2023.
#Jaspercolin#datatodecision#FSInsights#Marketwatchdog#bankingdowngrade#Sectorsparks#banking#businessinsights#marketresearch
