But probably not with the accelerated schedule that COVID-19, national lockdowns and ongoing restrictions have required. And that has thrown into sharp focus some of the barriers the banking sector faces. The once-pioneering systems on which Banks are built now present significant challenges in achieving digitalisation, developing customer propositions that are fit for purpose and

The European Commission, through its Data Strategy, has set a goal to build a Single Market for Data in Europe – an open data economy. It has also made fostering a data driven financial sector one of its priorities, including a commitment to present a proposal for a new Open Finance Framework by mid-2022. Read

This new context demands agility of traditional FIs’ legacy systems which proves a challenge in and of itself. In efforts to avoid ‘big bang’ or ‘rip and replace’ style transitions for core banking structures, banks are leaning on the services offered by fintechs as a workaround to the new demands being made of them. Read

The role of risk: Real-time forward-looking measurement of climate change and nature loss to address transitional and physical risk. What are the issues and opportunities for risk management working with alternative data to inform credit decisions? How can these decisions be quantified against physical and transition risk? Read More