/cloud

News and resources on cloud strategy, selection, build, migration and operation for banks and fintechs.

Discussion
Managing ESG Data and How It Can Work For Your Organisation
Richard Peers

Richard Peers

  That last paragraph is key and missed by many
How banks can unlock the power of hyper-personalisation to maximise customer financial wellbeing
Kaustuv Ghosh

Kaustuv Ghosh

  I am glad to read this. As we build out our company, we are focusing on the use of deep learning on large datasets as well as the administration of data via graphs. Visualisation and leveraging of insights is badly needed in fin services. 
Is Embedded Finance the IoT of Banking?
Ketharaman Swaminathan

Ketharaman Swaminathan

  There are so many definitions of Embedded Finance going around including some that would apply to retailers from the 1950s! Obviously that definition can't be right? Kudos for defining Embedded Finance as a Capability. I use the following description: "Embedded Finance is not a non-financial company but a technology-cum-business-process that's used by a non-financial company to offer financial services as an integral part of its core product / platform. Ergo it's a Horizontal, Not Vertical". Coming to the part about "without the consumer needing to get in touch with a bank". Well, at some point, consumer is on Klarna / Bank website / app in the case of BNPL as Embedded Finance? I agree that the consumer does not seek out a bank / fintech consciously but it's a fact that a consumer does eventually "get in touch" with them in Embedded Finance. This point is subtle in online commerce but, when it comes to brick-and-mortar stores, as I highlighted in BNPL Ain't Killing Banks. It's Making Them Rich, fintech BNPLs approach the consumer at the aisle instead of waiting for consumer to be connected with them at the retailer checkout. So BNPL is more like "Financing at Point of Aisle" rather than Point of Sale. I argue that this is the key reason why Fintechs will always have a huge lead over Banks in BNPL.
ChatGPT: Unlocking The Power Of AI To Transform Your Business
A Finextra Member

A Finextra member

  Nicely summarized!