For Amazon, a banking tie-up would enable the firm to skirt regulatory barriers, but it may also act as a Trojan Horse, enabling the firm to save on interchange fees and move into other more lucrative financial products.
But, while digital usage in banking continues to grow, people are moving more towards the mobile and online channels of traditional players, rather than the app-only challengers.
And smartphone ownership has exploded, with 84 per cent of mobile-phone owners in 2017 carrying smartphones, up from 78 per cent in 2016, according to Wong.
“If you leave with one takeaway today it is that you must have various aspects of your portfolio, your investments, and your conversations with your clients talking about A.I. It is the absolutely most interesting and biggest trend since the interne
Retaining younger clients with a longer time horizon can, in turn, enhance a firm’s value for succession or acquisition planning.
In the run-up to the OECD Conference on Unleashing the Potential of the Cyber Insurance Market on 22-23 February 2018, Bill Below and Leigh Wolfrom of the OECD Directorate for Financial and Enterprise Affairs look at some of the challenges to insuring cyb