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E.g., 2024-04-19
E.g., 2024-04-19
March 14, 2023
The sudden collapse of Silicon Valley Bank, also known as SVB, has caused plenty of shock, but the fallout has yet to run its full course. What the loss of this top 20 bank means for the commercial banking space remains to be seen, but it looks like the Fed and other powers that be are doubling down on stabilizing things and avoiding wider contagion within the global banking environment. The...
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February 21, 2023
As technology has evolved to meet the needs of digital banking, the software development process has likewise become more complicated. Buy vs. build has become buy, subscribe, build, and integrate, potentially all at once. In the 2020s, IT executives must make choices and tradeoffs, maximize benefits, and minimize risks as part of a complex web of decisions when embarking on the software...
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February 9, 2023
The Commercial Banking & Payments (CB&P) team recently published its analysis of 10 key trends impacting the industry in 2023, covering topics such as payments infrastructure enabling real-time everything, virtual account management, M&A activity, and IT spend. While most of these trends impact one vertical to a greater degree than others, there are broad issues impacting nearly every...
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February 8, 2023
ChatGPT, as we all know, went from nonexistent to fodder for dinner-party conversations and late-night monologues in the span of about two weeks—an unprecedented hype curve. Many of us are supposedly going to lose our jobs when they are automated away by this technology.  Well, here at Aite-Novarica Group, we decided to test these notions. Can an AI write as well as or...
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January 11, 2023
The forecast for 2023 will be a mix of changing dynamics, new headwinds, and an economic environment in flux. Shifting dynamics are taking automation and cloud deployments up in the form of technology innovations, as health firms embrace new automations to enhance payment capabilities and get comfortable with cloud architectures and embedded banking from financial services. Headwinds are...
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January 10, 2023
Financial institutions (FIs) are no longer dealing with the immediate adaptations that COVID-19 required. Instead, the financial services industry is back to playing catch up to rapidly evolving technology and an increasingly competitive environment that has produced new opportunities and unique challenges. Corporate end users continue to seek automated, intuitive payments and cash management...
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January 9, 2023
Global recession woes, climate change, and frayed political landscapes continue to test the financial services industry. As a result, financial institutions (FIs) are pressured to balance stability with growth, manage evolving consumer expectations, and keep up with technological advances while acknowledging the changing world around us. The survival of FIs and the vendors that work with them...
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November 30, 2022
The very recent news about AP Moller-Maersk and IBM eliminating TradeLens—a blockchain-based digital trade platform—has caught many by surprise as there was no evidence that the situation had worsened to this point. While I cannot claim that I told you so, I can certainly assert that what I wrote in September 2016, Trade Facilitation and Trade Financing: Building New Bridges, and April 2019,...
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November 28, 2022
Anyone reading the financial and technology news in recent weeks could easily be led to assume there is a crisis happening in the technology space and that the only way from here is down. With tech stocks taking a beating in recent months, and a growing list of scandals and debacles, from the sentencing of Theranos founder Elizabeth Holmes; the drama of the self-induced implosion of Twitter;...
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November 15, 2022
The 2022 Innovation in Cash Management & Payments Forum (ICMP) was a resounding success. Hosted in New York City by Aite-Novarica Group’s Commercial Banking & Payments practice, the well-attended forum provided interactive, moderated panels as well as ample opportunities for networking. Above all, guests enjoyed thought leadership on a range of key issues relevant to transformations...
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