Open Banking Strategy and Implementation
[vc_row][vc_column][vc_column_text]Open banking has opened up a new collaboration line for Banks to forge a partnership with Fintechs and build new business models using a set of banking APIs. Fintechs have also lapped up on these opportunities to create new business models like Neo Banks, Accounting Platform Embedded with Banking, and the recent phenomenon of Embedded […]
Banking and Digital Finance: HR Predictions for 2021
Banking and Digital Finance: HR Predictions for 2021 As most financial institutions would be embarking on their digital transformation in 2021, there would be a dramatic shift in their organization structure. Digital ambitions of the banks are already visible across the spectrum from NBFCs to Small Finance Banks to PSU banks to large private sector […]
Bankers transform the bank, partners don’t
I have been working in digital transformation for nearly two decades in various roles ranging from CTO in a bank to Program Director in a Core banking provider. I have seen massive successful transformations and the key attributes of these transitions were: – Bank leadership owned these transformations and partners were involved as enablers – […]
Banks will get replaced by Fintech!!!.. oh.. ok…
What about old static core banking providers… what about old payment switch providers… old cash management providers… Haven’t seen the same push for old world platform providers… In each business event we go, there is someone bashing banks… Thanks to this push and overall skills, most banks will move ahead fast… Instead of upgrading old […]
Turning around Digital Transformations : Turn Around Leadership First
As a turnaround specialist, I often get asked this question… How did you do that… While there can be lots of detailing about scope, schedule, stakeholder management etc, I believe the first thing to do is to turnaround the team leads in the transformation programs. I have seen that most digital transformation programs have excellent […]
Digital Transformation: Hire for Fire
Next 18 to 24 months would be interesting for Banking Transformation. You would need leaders with Fire in the Belly to take the challenge and catapult the banks to Digital Leadership position. These leaders would need strong determination to handle the task ahead, which comes with challenges like: – Limited understanding / acceptance of digital […]
Just talk, Don’t deliver… Bask in glory, if it happens… If it fails, just pass the blame…
Top management has to be careful in hiring and retaining leadership in Digital Transformation Initiatives. You would find lots of folks with powerful resume and little delivery… These folks utilise the skills in being seen in right place and delivering nothing…. Talking brilliantly and doing nothing….Owning everything and deciding nothing… Escalating everything and doing nothing…. […]
